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Last week, I met one of my uncles-in-law who has been a sailor for many years. In the past decade, he has been out of town and travelling all over the world to make a living. He has two children to raise and being a father who is always absent from their growing-up, he somehow does not know how to get along with his kids once he is back home once a year. In this transition period, usually like one month or two, he will find him some odd jobs  to make money to support his family. Unfortunately in this economic downturn, it is very difficult to find a job so he is quite upset now. Staying at home means no income and this makes my aunt very anxious. This uncle is in mid fifties and he is one of the most diligient people I've ever known. Ever since he was young, he would always keep busy doing all kinds of jobs to make money. I have to say that he made some savings for some years but it was most used up by sending his daughter to study overseas. Under today's economic condition, he has to wait more time to be assigned onboard and it is said his salary will be slashed big next time he has an offer. Well, to make a living, he has to accept that. He used to be a happy-go-lucky guy and always have a smile every day, last week I saw him, he was more like silent and upset.

As he ages, the window for him is closing. I never saw him encounter any financial problem because he has been diligient and frugal. This meet-up has completely changed my mind. Even people like him are struggling financially and we'd better prepare a comfortable life for the old version of ourselves. This uncle is still doing okay although with some struggles but I am sure there are millions who are broke and wish they could have made and saved more money when they were young. Always plan for the future. What do you think ?

I'm not really sure who's the wrong in this situation and who should I blame, but few things in order to make you survive and doesn't suffer financial problem are:

1. Make sure you don't save your money, but invest on few commodities e.g. Bitcoin, gold, stock, real estate etc.
2. Have a small business in your home, it's better if you have an autopilot business where you don't need to work anymore.
3. Teach your children how to use money in a correctly way, don't overspend and use it for luxury lifestyle.

When you're still 25-40 years old, it might be the peak of your career, don't think you can work until you're death because an old people can't compete with fresh graduate young people.

I think here the concept is getting clearer, we have to put our money in something that makes its value increase, because if you just save your money it won't increase.
so I think investment is the right choice for our old age.
If indeed your uncle is diligent in saving and investing his money, I think now he will not be upset and have financial difficulties.

Not everything can be planned in this life, even despite our desire and the necessary actions for this. Unfortunately, we cannot control our own destiny. Therefore, sometimes in our life events occur that break all our plans. This, of course, does not mean that planning is not necessary. But sometimes it happens that already in adulthood or in old age you have to start all over again.

at least we have arranged a good plan for life in old age, there are indeed many things that must be prepared even though many say that it may not necessarily go according to plan or what happens in old age or in old age is predestined in life .

Even so, I believe and know some people are very panicky about living in old age, because of that they are afraid of many things about their finances.
maybe we are all here too, yes, from now on, prepare as good as possible plans that will make it easier for us for the future, such as investing in money or knowledge.

The list mentioned above is a good practice in planning for your future, you can't always rely to destiny if you don't act for yourself. It's part of our journey to have fun and spend some money to unnecessary thing. However, it doesn't mean it won't work due to these activities, if you started doing earlier these practices which you could adapt and be part of your lifestyle, then maybe even a little spend of money wouldn't be hurt your savings and investment. If you fix your mindset to have better future then it might change the way you see things. Because having a plan is much better than waiting for your destiny.

Well, according to the story, the OP wrote according to the information available to him. He might not have gotten the whole gist. There was where the OP said that his uncle actually had good savings but he used his savings to sponsor his daughters education outside their country.
This could be called wrong planning or something like that. Did he actually save to send her daughter to school or she saved for retirement?
He was supposed to use what he earns to sponsor her daughter's education and then save or invest for the future. Not the other way round.
According to the article, his uncle has spare time in his job but didn't establish something he would be doing with his spare time to earn more.

nowadays even if you have complete requirements for that specific job, it is not only you but there are also others who wants that position so the competition for that opportunity only becomes more aggressive. there are also specifications for the job such as age and his/productivity. in your uncle's case, the company could easily replace him with fresh and young job seekers even if he has decades worth of experience. sad to say but that is the reality nowadays we are facing, that is why even if this sounds cringe, the word YOLO is always needed when it comes to opportunity and at the same time you also need to change how you handle your finances and your living means so that when rainy days come, there will be less problems in your hand coz admit it that ones someone is facing financial difficulty, almost everything seems to be annoying and you are always not on the mood.

Saving money when we are still young is a good preparation for the future, the problem is how can we save money when we don't even have it, or we cannot support our daily needs, then there's nothing left for saving, it is hard specially when we are poor and we only have a minimum wages. I believe that there's a lot of people that is suffering with the situation they wanted to save money but how?.

Did he invest somewhere else? Because based on the story, it seems that he didn't get any investment that will make his money work for him. I guess that's the one thing that he lacked when he's been on those times of earning well as a seafarer. As he grew old and on his age, it's hard to get some onboarding again and that's the reality unless he's been with the company for so long and he's got a senior position that's needed in the ship. Sadly, many old folks have been experiencing this, working all of their lives and doing everything to send their children to the best schools and give them the education they deserve unknowingly didn't prepared for what's to come to them. And to those that are earning well for now, this isn't just the only story that I've heard of, too many have compromised their future and didn't think of themselves just to give their family a good life. You still need to take care of yourselves because when you get there, you'll never know who's there to help you.

Old age is the stage we are all going to witness at last when we would have lived an accomplished life, what we have eaten today and left down for tomorrow will determine how our future with old age is going to look, this now calls for adequate preparation by investing on what has value, creating values and making savings for the future, we can choose a desired investment that will be profitable enough for us.

Whatever we do in life we should try to have a good structure of our life, one thing I often understand about people nowadays is that, at present condition they might feel all things will continue to be as it's but no, what do we do?
We have to set a good investment plan which will keep generating revenue for us to keep man earning continually.

Then boiled down to your uncle sending his daughter to study abroad without him working is a result of lack of planning because as man you don't have to go against your income or when you notice your not financially stable he would looked for university around his country that is more affordable than going overseas.

So it's better to live according to our income than to live above it which might cause us a serious damage that may result to heart failure, blood pressure and many diseases that may paralyzed his body. Savings may not help us but investment would help us the most since is a constant generation of revenue.

Through OP's story, I want to share this even though everyone thinks of equality for life as a fact that never happened. This life not everyone knows how to be satisfied with what they have, sometimes we vaguely run after external things that we have fallen into and do not accept the adaptation and demand justice to come. with yourself.
I myself see people around me struggling with current social problems, although I can help with money, I don't want to do it because simply to satisfy them at that time, but they will continue to be sad. suffering when the progress is over, and I can only share, try to get rid of those things by being more satisfied. Positive thinking will help us overcome difficulties and create motivation to work more effectively. Accumulating wealth in old age is not worth thinking about for me, right now do the best you can do not look too far this life is not normal, every preparation will make you stuck with more problems annoying.

An in-law is an in-law. It doesn't matter if he's someone older than you're. Except you meant to write "uncle's in-law". That's, as in, an inlaw to your uncle. If you're referring to a man who is married to your aunt as "uncle in-law", that's wrong. By the way, your uncle can only be someone from your dad or mum's bloodline. Nothing else. I even hear or read people say, "my cousin brother"or "cousin sister". What the heck does that mean? A cousin is a cousin, except you say a "male cousin or a female cousin." You guys should stop complicating stuff with all those unnecessary placements. As a Nigerian, I understand your drift but those from other nations may not get it (in the deep sense of its usage).

No parent should be absent in the lives of their children, especially the formative years. Making ends meet shouldn't be a reason for not being around. Keep your family close and tight by being around in their lives.

Yeah, always plan for the rainy days. However shit happens and sometimes our plans just come crashing at the dying minute. Like the man in your story, I advise people to get into jobs/employment that will allow them time to themselves and family. That will allow them dictate their own pace and not being dictated to. Acquire skills and in acquiring those skills, make sure they're skills that can be used online.

That was one of the major cause of his financial problem because he spent more than his income. People often assume that they should spend all their money on their children so that when they get old their children will assist them financially. This is a very erroneous belief because a good school doesn't determine a good job or financial independence. Please don't get me wrong, it is good to give your children the best but you should also plan for your retirement because one day those children will have to face their own family. Nobody is even sure of getting a good job after graduation. Ensure you spend only what you can comfortably afford and invest for your future.      
 

It is true that a financially challenged persons might sometimes be moody or unhappy. But money shouldn't determine our mood or behavior. We must learn to be happy even when we don't have plenty. If we can provide our basic needs, then we should be grateful and happy because there are millions of people that are dying of poverty and starvation.    


The slogan for this young age is "work as you can, save as you can and invest as you can". This because time will come when you might not have the strength to work for 16hours because of old age or health problems.

Of course this sounds ideal and can get more results in the end. It's just that not everything can be done when some of us are only able to make ends meet from day to day, do not get a steady salary and a minimal level of prosperity.

Saving for life and saving for the long term need to be encouraged with sufficient income. Because in essence the work taken can provide more guarantees. Investing in all assets is necessary, especially welcoming old age, stable assets are better than assets that have high volatility and are very risky.

Most times, this depends on the economic situation of a country, the availability of jobs on the labor market, and the morals children learn in their individual homes. It is never a bad idea to start up our savings plans for the future so that when we are old, we will also have something to rely on when we are retired and not strong enough to work again.

Why I made mention of family morals is because, when we give birth, we take care of our children, give them the best education or skills, and groom them in a way they could also grow to have their own family. the process of giving our children the best education and skills so they can explore, and if they start working or making money, they can also take care of us in our old age.

Why I also mentioned the economy of the country and the labor market is because in most countries, it's difficult to get a well-paying job.

I will use my grandpa as a typical example. He was the father of eight children, and while he was working as a civil servant, his salary was not much, but he managed to send all his children to the highest institutions. Two of his sons are lawyers, one of whom is a solicitor in Scotland https://i.imgur.com/yhRJRrJ.jpg. When my grandpa was working, he did not make any future investments for himself; all his investments were in his sons and daughters. He could not even build a house in the city, but today one of his children has built a duplex for him and my grandma in the city. It's been about 15 years now since my grandpa retired, and even the pension he is receiving is not consistent because the state government doesn't pay every month; some time they owe him up to two or three months before paying. But my grandparents are not lacking anything because their children have well-paying jobs and are always sending money to my grandparents parents. I also send money to them because I was raised by my grandma.

So what I am just insinuating is that giving our children the best education, morals, and skills could also be a future investment in the sense that when we are old, they can provide for our needs.

In life, one thing is for sure: no one can predict the future, so it is good to always have good plans tailored out, like still making other investments. Someday our children will grow up and have their own family, and if they don't have a well-paying job by then, they will also be struggling to take care of the needs of themselves, their wives, and their children. If we, as their parents, are relying on them, we could be disappointed because it's going to put pressure on them and could lead to some family misunderstandings.

that sounds sad, but in his youth your uncle worked very hard and had no time to waste, I don't know where the money went?
is he too imposing school fees for his child who has to go abroad? because from your story I heard he is very thrifty, there must be something wrong here.

The way he work hard for his family is appreciable and for old age benefit the government jobs are better option because it provides a good revenue after the retirement. And if a person is not a government employ then it is necessary to initiate some business which will be better for providing income when you are unable to do a job.

Investment will be helpful in such situations so you can invest in real estate as well as in cryptocurrency both are advantageous. Your success is connected with the choosing of coin in crypto industry so bitcoin will always be the first priority for the enhancement of cash that you invested in it.

Every person should face such situations and I think one should originate new way for getting revenue at the time when you are unable to do your job.

In my opinion, every person should save money to ensure his old age.  This is due to the fact that population growth in all developed civilized countries in the 21st century is slowing down. 

As a result, it becomes more and more difficult for each next generation to provide pensions for the elderly.  This threatens the modern pension system. 

There is a situation when each person must independently provide himself with a decent standard of living in the future.

Intelligent people create capital for themselves by acquiring real estate, gold coins and bullion, and Bitcoins.

I think that person has focused on saving and giving his family a comfortable life which is admirable but he missed grabbing the opportunity of investing or even putting up a business so he could have a passive income in case he losses his job. We should always look forward to the possibilities since our future is really unsure. It's fine if we want to give our families a comfortable life but we should also know the importance of investing especially when we get old. We should also balance our lifestyles and focus on our needs over our wants. How we manage our finances now will affect our future so we better be wise in spending and handling our finances.

Your uncle's tale illustrates how quickly life can change and the significance of staying alert. We act like nothing can go wrong and we have endless time to do anything we want.

Yes, time and doors close quickly if you miss them. Budgeting and savings are highlighted by your uncle's financial problems.

As we mature, we care more about family and health. However, we cannot ignore our finances. We must save and invest for retirement.

Your uncle's story inspires you to start planning even though the future seems far distant.

I don't know, as far as I know, a sailor has a salary that is high above the average job on land, even though it's just a low class crew member.
Moreover, your uncle is a sailor who takes routes that cross various countries in the world, in my opinion, not just any ship can sail taking cross-country routes and I'm sure that the possibility of money or savings that your uncle have may still be quite a lot even to send his daughter abroad.
I don't know or maybe your uncle has other problems that make your uncle unhappy, because life's problems are not only limited to economic problems, there are many other problems that will be faced in life.
Apart from that, we really have to be able to make the best use of our time and income to deal with old times, creating a small business ourselves is a good thing because when we retire from the world of work we still have things to do and can produce money.
Investing in certain instruments such as gold, stocks, property and even Crypto is a good thing.

Steps that should be taken are related to the problem indicated by the OP. Speaking wrongly or not, it goes back to myself in my opinion because we don't have preparation for old age. From here we must realize that it is important to have an old age fund or retirement fund to support our needs in old age which basically we can no longer work with like when young.
Why do you have to invest, yes because if you don't invest, you will definitely be required to work in old age to make ends meet.
Age 25-40 is an age full of ambition and freedom because the energy and mind are still capable of doing anything to navigate life.
The point of consideration is only two for people whose economy is middle to lower, namely using young age to better prepare for old age or using youth to have fun but old age will be the victim.

It would be more precise if while saving also invest some of what has been saved into some valuable assets, because after all investment is a very important thing now and to start with, of course there must be capital first so that if someone has saved and some of their savings can be used as as an initial capital for investment, I think it is a very good choice to start now because someone can run it while continuing to save in his life for a brighter old age.

Saving more money is not the solution, I have noticed that most older men today get used to the jobs or businesses they are into, that even when the job is no more doing fine they will still stay, hoping that things will get better.

I am not saying that's the case with your uncle, but while growing up always be open to a new idea, do not get too attached to a business because most business is time-based, in the future the business might lose interest and you will start making less money.

In short, most businesses don't last a lifetime, this is the mistake that our elderly men makes and as they get older, switching to another money-making business will be hard for them, it is not too late for your uncle, until the late 70s, people his age still handle businesses very well.

Yes, and more precisely if both are done, saving and also investing and this is very important in life now and also for the future.
You don't have to be big to do both and you can do both with the smallest first and do it gradually as long as you can afford it, and save for sudden needs that you can use anytime without having to interrupt your investment because this is for the future.
it's not as easy as it sounds, and this applies to those who still have a regular income or a regular job to really put it to good use.

yes, totally agree with the investing thing but not so much the saving thing, FIAT evaporates
and more so over the last couple of years, there really is no point in saving FIAT in the long
term, maybe for a short term goal its ok.

Then what asset do you invest in? where would anyone start investing, what asset?
personally and especially over the last 18 months its blatantly obvious there really
isnt anything other than Bitcoin? I cant see it.

Life doesn't always wound up the way we planned it. It is quite unfortunate that your uncle has to face the situation he is in currently. I hope it gets better for him. Over the years as I watch some older folks, and senior colleagues in relation to your story, he is what I have to say
-sometimes we give up family time so that they can have a good life better than the one we have. Maybe that was his only option as at them.
- having some sort of fall-back-on savings or funds is very important. Because they come back to save us.
- If you are making a lot of money as a young person plan for your future by investing in real estate, or gold. Just buy an asset that will appreciate in value over time.

There are two important points that are missing from the story that your uncle experienced and what stands out is that he cannot monitor the growth and development of his child and does not have a pattern to maintain financial stability when he has the opportunity. The importance of having a concept in life, especially if we already have a wife and children, maintain cash flow stability against income/expenses and plan something for the long term, be it education, health or savings for old age. What can we do to make it easier, even if talking about opportunities is difficult?

• Invest money that we have in several places and try to balance it with income, so that other needs are also not ignored.

• Build a small business when you get the opportunity to start and focus on growing the business.

• Start living in simplicity, buy something you need and don't try to compete with anyone for prestige.

If life is not well planned then until old age we have to work hard to provide for the family and in the worst case we will regret not starting to organize a better life when we were young. There are many people who have this kind of problem and it will be very difficult for them to try to fix it after they enter old age.

I think this message needs to be told to everyone when they get to be adolescents/teens that we need to prepare for old age as you wont be the youth you are forever!

And OP as you have discribed your Uncles situation, i think lets face it...things might not always look as they seem as people know how to hide bad situations and it was only at the end of his career that things got to the open and everyone knew how bad things were.

Sometimes living within our means also allows for resources to be saved up and used for the future because  we never know what life can through at us healthwise.

Financial planning has actually been taught by our parents since we have understood money, and when we are adults our maturity is in facing the future and making choices, thrifty we will be safe in finances if we are old, wasteful will be miserable in old age (there have been many real results )
for now it's better to save money than to waste money where who knows what will happen in the future with increasingly unclear economic conditions, increasingly severe inflation and other financial challenges

Live in present and don't think a lot about the future will destroy your present and if you can't live a good present how is it possible to live happily in the future? This looks like philosophy and illogical but this is the only fact. The kids you have now invested in them will be beneficial for you in the future they are gonna support you and serve you when you get old at least in our society this is how you spend your old life. Give them good moral values and educate them with skills to be financially stable in the future nothing more you can do for them rest is destiny.

Many unexpected things happen after someone is not as strong as they used to be, one of which is what happened to your uncle. Your uncle's economy is very smooth as long as he is still active as a sailor, there are no problems to worry about. This is life, you need early preparation for old age, when the economy is smooth, don't forget to save or invest for old age.
No one can deny aging, the older one gets, the weaker one's condition becomes. At his current age, uncle needs to take care of his health, he can still make a living by opening a business around where he lives.

The sad truth in reality is that a lot of people that should retire in 60s is broke and hardly survive. Ive seen a lot of documentaries and people around me that they are 60 but still they working because if they stop and rest they dont have nothing to it. The problem with this is that you've been employed for how many years but still you dont have savings for your future once you are old and mostly if you have benefits then that's good but how about those contractual person they dont have benefits at all and underpaid. Sad truth but no matter how we save for future we still caught off short and un able to prepare finance when we are old

The @OP ask about a preparation when we get old and my 3 plans aren't really hard to follow, I'm not even mention if you're already reach 25 years you must have big house, a car, and $1,000,000 in your banks, when you're already reach 30 years you must have 3 big houses, 10 super cars and $10,000,000 in your banks etc. Those thing I mentioned before was often said by successful young generation and it's really unrealistic!

If you think my plans are hard to follow, you must a person who's only work from 7AM to 5PM and then playing video games from 6PM to 12PM, repeat without think the future.

Death is inevitable, but make sure you're eat healthy, have daily exercise, etc to make you live longer.

We must immediately prepare for old age, never be extravagant because we think that we will continue to get income, the best thing to prepare for old age is investing, there are many investment choices from low risk to high risk, we should spread our money to many types of investments so that if there is 1 which is a problem can still hope for the others.

   Not all the time our physical body is strong, yes his intention is good to go abroad, we should also consider that even if we send money to our family, we should also have savings for the future.

   Because if we send most of our salary to our family, the time we worked hard for when we spent energy away from our family will surely go to nothing.

indeed a dilemma when we are old but do not have good finances to enjoy our old age. if we have children and are already working and attention maybe not too concerning, but imagine for those who are not so lucky, of course it is very sad to see. therefore from now on I start learning trading for my retirement, with the hope that by that time I will be good at trading and can work to stay productive, without many burdens of life

I read somewhere that only 5%+ people of the world, can retire comfortably.... the rest will have a difficult time making ends meet and they will barely survive on the money that they get from their pension.

We live in a world where not enough people are saving for their old age and retirement... people seem to think that the governments of the world will have enough tax money to pay for their mistakes.  ::)

That's why it's better to invest than to save, saving only makes your money worth less due to inflation, while investments that are made correctly will provide long-term benefits, and that's great for those who want to live a quieter life without always having to mess around with costs life that continues to increase from time to time, unfortunately not many understand about investing and have no patience to wait for the investment to provide great benefits for their lives because getting profits in a short time is always more fun than waiting for more than 1 decade and enjoying these benefits.

Retirement is generally a separate issue that everyone should think about. There are very few countries in the world in which people receive a decent pension, on which you can live well, for everyone else, the pension may not even be enough to pay utility bills and buy food. Such is the reality.

Therefore, you need to think about your well-being long before retirement, but this problem is not covered, because states cannot admit that they do not have money to provide for all pensioners, instead they raise the retirement age. And pensions are raised very slowly compared to the rate of inflation, so this complicates the situation even more.

I don't believe that I will be alive at the age of 65+ and I hate making long term plans. Even if you keep saving an investing your money, there's always the risk or losing them, either by getting scammed or making wrong financial decisions.
I'm sure that I won't be living a comfortable live when I get old, but I don't mind. What's the point of saving more money and having a comfortable life, when can't enjoy the benefits of being young anymore and your youth is gone forever? :(
I know that life sucks, when you are old(all the old people around me are miserable). It doesn't matter if you are rich or poor.

Investment is a good tool for us. At young age we should work hard and invest money for some purporse. Whether for child education or retirement investment. Me personally already plan that. Im still working and i want to get a better career for my self.

#1 is quite of a risky move unless the money intended to invest is really just like something you're prepared to lose already. No source of income = no investment for me. You never know what will happen the next day, so it is still better that you still have some money saved. If you have a stable income, number 2 would be a great idea. Something like a commission-based work might be a great idea, since you're entirely in control on when you can take clients unlike in your usual 9-5 where you are truly fixated on schedule otherwise it is a paycut.

OP's daughter is just studying abroad, so I don't think that number 3 really applies unless it is a general situation.

I'm still quite young to think about this and I assume a lot of people here are too, worrying about the future is not good and preparing to limit this makes me feel quite conflicted about thinking about life. Instead of being too far away, let's live and work well in the present, I agree that everyone's life has different circumstances, but the common difficulty we all know is not complaining but thinking. Positive to do better I myself am not too afraid that in old age I will have a difficult life, simply a positive life in the true sense, I am sure there will be nothing to prepare.

I agree to prepare for our future by saving some of our income. We will not always be able to get easy money like what we are getting now because there will be difficult situations that make us have to survive. While we can still make money, we have to start saving and no matter how much money we save, it's still worth doing.

And we already have crypto that we can make our long-term investment to save bitcoins and sell them when the price reaches a peak. It will work well for us, especially if we can buy more bitcoins now.

There's nothing wrong with sending money to your beloved family every month. Because it depends on you in managing finances starting from salary. Don't get me wrong, we work to fulfill life, to please those we love but not to put aside preparing for the future. You just need to set it up in such a way and be smart about allocating your monthly salary.

Don't be too economical to talk about making your parents happy, because you can get this far thanks to those who work hard when you don't know how to make money. They fight to keep you alive no matter what way they will for the sake of the people they love. And after we grow up, have a family, have a job, get a salary and do we deserve to put our parents aside? leaving them with nothing for the rest of their lives?

We can't expect things to always keep going as it has been for long, things change gradually and we also changes with time into old age, how we get money also changes because change is the only constant thing in life, we live a life of none regrettable one base on our today's decision from the income of what we receives from various sources in our business or enterprise, old age cannot allow us to funct as expected because the strength would have diminished but what we save up is going to be our final support in the future when we need help financially.

I think it is important to remember that not having any money is not a shameful thing, and it happens to so many people in the world. Of course we should try to be richer, but at the same time we should look for peace in our life as well. Can I get richer? Can I be so much richer in 10 years that I would be going to New York and Paris and Milan for summer shopping?

I can, I really can, or at least I can try to, I can have a goal to do that. How? Simply just gather all my friends, and apply to all types of banks all together, and sell all the assets we have, buy a plot of land in a good place, build an apartment with 20-40 houses, sell them each, and be rich, and do this some more times and you are rich. Why not do it?

Because, a million things would go wrong and make us upset and have a worse life, richer but more angry and less happy. Sometimes money and lack of it, is not the end of the world.

This is the problem to most people who are in their peak of success, they forgot that one day it will all be gone for good since there is no permanent in this world. You can't expect to be working your whole life on the same company because somehow you will be replaced with a young ones or fresh graduates.

If you are one of them or at their peak of success at the moment, proceed to make a backup plans in case you won't be working with one of the company you are in. Invest your money or build a business that can sustain you for long or at least if it gets successful then most of the money you are earning from your work today will be put in your savings or on investment.

I’m not sure how he made his living travelling around the world but that was main concern here. It’s not costly considering you have to travel everywhere and have higher expenses in the local currency where work is been done. I’m not saying it was bad way to do it but worlds changing very fast and you can always acquire any sort of skills you want over the internet and educate yourself for better job. Age is never a barrier when it comes to doing new things if you want to come out of bad situation. They still have time if they are near fifty or something. Various courses can be joined, and they can work out for stable job in their own country and focus on family as well.

People for some reason assume they will remain young forever, or at least that is the way they carry themselves, I see them wasting their money on stuff they will throw away in a year or two and I cannot help but to shake my head at their reckless spending, when you are young and healthy you need to set up a foundation for the future, so you need to work as hard as possible, save all the money you can and invest it in good assets, if you do this consistently once you reach old age then you will not have the same problems as your uncle.

The best time to invest is when you're young because the money grows over time. Life expectancy is only going up and even countries that provide their seniors can't keep up with the costs so they're cutting benefits and leaving them on their own to live in destitute.

Bitcoin would be a prudent investment but I'd also diversify in other investments in case crypto doesn't give you the return you're expecting. Retirement age is anywhere from 60-70, plan for a minimum of 15-20 years. Anyone younger could need to up that range.

You should really be having that balanced thing on which we dont really know on what would happen into the future and thats why it would really be just that right that you should really be minding about saving up for the future.Yes, we do love our family on which it is really just that normal that you would be giving it all but come to think that our body isnt always that just fine like forever.There would be a time that it would really be asking out for some rest or on the time you do gets old, there no something that you had saved or invested on which means on the time that you had reached out this state
then you would be still struggling on how to support yourself since you dont really have any financial back up at all.

Nothing is guaranteed in life but it's up to you to take various precautions. The primary purpose of our investment is to lead a more comfortable life and to be prepared for future problems. As people on the Bitcoin forum, I think almost everyone is aware of this.
When investing it's best to spread it across various fields, not just crypto-currencies. Just as it's risky to store only Bitcoin, this is also true for other commodities. There's a good reason they say not to put all the eggs in one basket. Have baskets full of eggs in various places, and eggs outside the basket, and also have things other than eggs in your basket. :)

This is a good topic and can be an afterthought for all of us in this journey of life to face old age.
someone who always works hard every day and has the maximum income to cover the needs of the family will not guarantee a better old age if they don't save, or make good use of their money. In my opinion, to prepare for life in old age is by saving and having a valuable investment. with savings and investment, our old age will be very happy

Especially pandemics and wars. Well techically you can but it doesn't make much sense to only prepare for apocalypse scenarios if you want to make money. Even though i was doing just fine with my cryptos during pandemic, it was the war that rised the costs of everything and put my investments on thin ice. I lost nearly everything just for living as i hadn't stored any of it in fiat money. People got rekt in here just because their heating for the houses they owned suddenly cost more then ever. You can't really prepare for that. Even preppers had hard times when they needed to actually use their stash.

In my society, most people used to say, who knows the future like who knows when will death come, and why struggle to store piles of cash when you will not be there to get the benefit of that? That's the main reason for not preparing for life when they get old. As you mentioned, my uncle is in his fifties and my father is too, from the last 2 to 3 years I also trying to find work and do whatever job i can do in my part-time as I am a student too. As offspring, we should worry about our parents like even if we are able to meet our education expenses on our own then this will also support our parents. Because I have faced that.

On BTT I make money and meet my educational expenses on my own sometime I gave money to my parent too for home buying. The point is as a child we should depend on our parents and have to make efforts to face our expenses on our own. As your mentioned scenario about a dad sending his daughter to foreign studies always get good results when that daughter will succeed in the fields of life and will support their parents. That's the only hope, which keeps them supported and alive.

This is a common mistakes that human beings make, they enjoy their youthful age without planning for their future, you can see them going to all expensive places and traveling around the world wasting all the money they're making meanwhile they have no savings for the future or when they try investing for the future they go for scams because they're now under pressure.

It doesn't matter how much you're making today or how comfortable you're, what matters is will you be able to keep that lifestyle when you're old and can't do manual labours anymore. We should always plan for our future or we'll belike your uncle or millions of others that are now broke and unhappy.

lifestyle becomes our benchmark to see our old age. not a few people are devastated because they cannot lower their lifestyle when they reach retirement age, of course, with less income we also have to be able to adjust. or while we are young we must be able to work hard to earn lots of money and establish passive income, so that our old age can be guaranteed with passive income assets. that way we can enjoy our old age well, without worrying about running out of money

By saving money like banknotes, you will eventually be left with nothing; inflation is ruthless. Any money should work and not be a dead weight.
They say that for up to thirty years, a person works for a name, and after thirty, your name should work for you.
Worrying about the future begins with our childhood, education, and qualifications, and investing some of the money earned in real estate, gold, and now also in Bitcoin, which can be good insurance for the future. While you are young, spare no effort or time to build your reputation. Starting your own business and working for yourself, and not someone else's uncle, should be the goal of young people. This is the only way to become independent of employers and look boldly into your elderly future.

   Why should we wait for old age if we can prepare for the future there when we can do it now. It is not bad to prepare for
the future and it is good.

   And it's also good if this bitcointalk helps you and your parents, and I think that this platform has really helped a lot of people in different parts of the world during the 12 years of its emergence in this industry in honestly.

It's not everything that's well planned will end up working out exactly how you dreamt it, when we make something happen we always think it's by our capability and will, but we have forgotten that someone up there is the one that holds the key to every door, no one can question HIM if he says that your time is up, we all want the good times of life but heaven has it's the way with us, so OP does not blame anyone that's in a very bad situation, it doesn't mean they played with their time, it doesn't mean that they are lazy, it doesn't mean that they never had a good plan for their future.

No matter how big your plan is, if heaven says no, no one can say yes, this is why we need to be prayerful whenever we have a goal we are pursuing, pray that things go our way, if it things end up going your way, never feel it's your power that makes it happen, be thankful.

I disagree with the "It doesn't matter how much you're making today or how comfortable you're." Of course it matters. Enjoying and being comfortable in the present and preparing for the future are not mutually exclusive. Enjoying today does not necessarily mean that you'll disregard your future. What I learned in order to balance life is to set realistic goals that align with my long-term goals. I learned what to prioritize so I wont spend my effort to unnecessary things and I make sure to allocate funds for things that bring me joy such as my hobbies or travel. It is important to enjoy the process of working towards your goals and celebrate small milestones and accomplishments along the way.

But not all youth can do  this, so they learned to compromise. That's when your thought of "what matters is will you be able to keep that lifestyle when you're old and can't do manual labours anymore" enters. They are forced to live a life not enjoying their present because they have to prepare for a good future and make sure that their next generation wont suffer the same, that they'll be able to enjoy.

Don't blame the youth for enjoying life, they learn.

I think we had a discussion similar to what you just said in a thread yesterday, I can't remember the thread.
You have to try and invest instead of just saving. Money saved would be used for something else and it would be gone. While you're still working have an investment. It may not look like much because you earn small and therefore you'll invest small but it will give you confidence to be able to make bigger investment as you grow.
I know people who are retired today and are doing okay, despite how depressing the economy is, they're doing okay while their colleague are now poor.
Start investing from a young age so that by the time you begin to get old and you begin to make money it won't be a very difficult thing for you to do.

A fairly well known issue. Very often, when we set ourselves the goal of providing a high-quality financial environment, we go headlong into work. To the detriment of my life, family life, communication with parents, family, children, as well as health ... I also had such a period, but I realized in time that something needed to be changed, because. this process can become irreversible :)
Giving advice in this situation is probably not very effective, because. everyone's situations are different. But... You can't devote your whole life only to earning money, otherwise you simply won't be able to enjoy the results of your work. As the saying goes, "I looked back at the end - and there was nothing behind - no family, no children, no friends, no health ... Just a lot of money that can no longer be used." In a word, everything needs a balance, and the search for more effective solutions for making money than working 24x7 but not living a full life!

Preparing for old age from the start is important and decisive, it's time for us to think about living well in old age, many people become difficult and poor when they are old, this is because when they are young they don't want to invest, they are just busy making money and then it runs out In fact, starting an investment is very easy because you can start with a small value, but most people are easily tempted so they don't invest.

Agreed. Whatever we are going through, it'll all pass. Most people don't realize this and they are just using up all their luck and energy when they still have it. Ever since a little boy, I was taught to be planning on many things, which is so beneficial to me nowadays. As I am still active and yet to enter old stage of life, I am trying all my best to manage finances in all aspects. Yesterday I was taking a day off to drive my wife and kid to the local museum. We had a wonderful time. It cost me some money but was never a burden to my income. Apart from the daily expenses, I channel all the remainings into savings which will lead to a more fruitful and secure life when I am old.

I also went through something similar, and when I analyze this period of life now, I understand that perhaps it was necessary in order to achieve a good standard of living at the moment, but you are right that you need to be able to stop at some point and devote enough time to yourself and family, without this we cannot be happy.

Ultimately, with proper budgeting, our fortune will always increase, so it is very important to learn how to live in pleasure now and gradually move towards achieving our goals.

Health and body are the only things that must be prepared until getting old. Everything other is secondary. Money can always be earned. Saving can eventually turn into zero. I see a lot of people suggest to save. But what if it turns that you wont be able to use savings at all. Sudden death can cross out all retirement plans and turn saving, investing and economizing into waste of time. Nowadays, it is hard to predict what will happen in the world in few months. Today you are investor, have bank account, property, and tomorrow you are a refugee with nothing in pocket standing in line for free food.

we really have to prepare everything since we were young. I am also quite diligent in saving. but now I also become more diligent to invest. as in bitcoin accumulation. I believe if I hold it for more than 10 years then it can help my economy when I'm old. I also invest in other things for the long term. because I also learned from the experience of my own parents who have a little regret due to not preparing much financially for their old age. so at this time they had little regret. but fortunately my parents' children almost all became quite successful people. so that everyone works together to please our parents. and we try to make our parents can live comfortably and happily in their retirement. So that our parents are always grateful to have good children who are devoted to them. and we realize that our parents have actually invested in educating us to be successful people. but I want to have a more mature preparation for my own old age. and I want to have financial freedom before I'm 40 years old. I work hard and I keep putting money away to invest for the long term.

Not having money might not be a shameful thing but considering the economic crisis that we usually get into and the high rate of inflation, it almost gets impossible to survive without having enough money, and if we are talking about the preparations for the future or after retirement, it obviously isn't a good thing if you have nothing by that time.

It won't be your prime time and you cannot just do whatever you want at that age, so you need to do whatever is required to have a better future in present, and the goal should be to accumulate enough wealth to spend a peaceful life later on while you are still in good shape and health.

I like this, Saving paper money will only waste time in collecting it because in the future it will be worthless because it is eaten by the cruelty of inflation, money must work to help us if it is only piled up then it will become a pile of newspapers that you sell at low prices oan someday.
The concept of pursuing the future that you provide is indeed very good advice, but maybe aren't some people who have that understanding, especially in the old days when accessing information was very difficult and life only aimed to fill the stomach from day to day, maybe you didn't even understand how to do it. and what investments are like, I think they just run life like running water. unlike the days that we can get via cellphone and it only takes a few minutes to do it.

From the OP's story, it must be concluded that it is important for us to prepare for the future and plan finances well from a young age. Sometimes, people can hide their plight and not reveal it until the end of their career. Therefore, it is important to have a good financial plan and invest in youth so that we can face the future better.

It's not always easy to live within our means, but it's important to save money and consider our financial situation for the long term. By setting a budget, avoiding unnecessary debt, and investing wisely, we can better prepare for the future and avoid unwanted financial problems.

If we are given age then we will get old age, and that's when the provision becomes very important, do not just rely on income when old, immediately take real action and preparation from now so that when we are old then we no longer work and enjoy the current work results .

You have made a very good scene of the situation and that reflects the reality of life that it is not all rosy especially as the times whine down. However, sometimes young people have beautiful plans for themselves but government doesn't really provide environment for proper economic growth. To plan financial stability for the old age, it doesn't exclude having capital and government can go far in supporting the youth by providing access to interest free loan, at least that will help. As a fresh graduate from college, there should be some financial support to start with and it appears that those kind of support existed in the past because back in the past there were availability of social funds, scholarships, instant employment after school etc but those benefit don't exist these days giving rise to high level of unemployment. I think the young people then were better off than young people now because they can financially plan there old age because of access to support that was available then but not now. The young people at this time face tough challenges but they keep striving for good life. The government need to rejuvenate the support system for the people.

People are broke due to improper planning and investment, there are people today who made lots of money but have not think of investment because they thought life would remain the same without thinking otherwise, whenever you invest money in a lucrative business that would guarantee you for at least 20 year time to come then there's nothing to worry about because your investment allover will still make rich.

It is easy to say that we will work hard now so that we can save for our retirement and use it when we are already old, but the truth is that we are barely living, our salary is just enough for us, and we don't have spare money to save. My point of view before was that if you just work hard, for sure you'll earn enough money even if you have less time, but right now we are crying about it since no matter how hard we work, how little sleep we get, and how much we sacrifice, at the end of the day it isn't enough. We are not all given the same opportunity; others can earn a lot doing simple things, but with us it is very difficult.

To ensure a bright future, especially for our old ages, we must plan effectively.There are a lot of people who live conformable lives between the ages of 18years to 50years while they are still able to work and earn money, but they later begin living uncomfortable lives because they are unable to maintain their standard of living at their older age. like, they find it difficult to maintain their health standards and can't afford money to be taking proper hygiene which makes it difficult to maintain their standard of living. All of these problems are, in most cases, the result of their failure to plan for the future.Whoever doesn't plan, plans to fail, as the adage states rather clearly.

I don't think there are people who don't think about the future, but they just realize it too late. I am they are very lucky now, because I was able to figure that out earlier than most people who are the same age as me, or even older.
Planning something for the future is very important and that in my opinion is the main thing that must be in our minds for the future. But that doesn't mean we can just do it without careful planning, we have to really be able to plan it very well. As I have heard a lot, our future is in our hands, depending on where we will take our future.



A bright future is everyone's dream, but again how do we make it happen. I often imagine when I'm old I will have fun with my grandchildren without thinking about something that will make me lose my joy. In the morning I imagine sitting on the terrace of the house while enjoying a glass of tea or coffee.
While we are young and still have a lot of energy to move freely to do anything, then do something useful to ensure that our future will be bright. If we just keep quiet, then we won't be able to just rely on luck to make it happen.

By the story you told about your uncle he is a hardworking man, who accomplished with his obligations in life with excellency and never let his family be in need. On the other hand, even him working abroad and a lot, it wasn't enough to have a confortable life by now, as you said they still struggle financially sometimes, and that is the part which makes me a little annoyed, because someone who worked his entire life till the 50's should be already in a pretty solid position, living in confort and enjoying everything which has been built so far. Instead, he can't stop yet, otherwise the family will be in a bad financial condition.

So I ask myself, are people really being rewarded as they should for so much effort and work done along the life? I think life standards for elders could be much higher than it currently is on most cases.

This should be the bare minimum for the youngsters out there; be futuristic and to prioritize securing your "life". Investments are necessary but that depends on your capabilities ofcourse. You are not required to push through that much or to be early with such field but atleast have some plans and idealization in order to prepare oneself once capability is available.It is because of that word already, comfortability. Mistof the younger generations are easily being comfy with what they have and not being realistic that someday they'd be old and no longer would be an employee to suffice their needs. So atleast they should plan for what would bring food in the table once that time comes. Support from your child would be fine but IMO, I would least consider that chance 'coz they will have their own lives, so I need to secure mine personally.

From the nature of your uncle's occupation I would assume you guys are from Asia or something (please don't take it any other way it's one of the most common jobs in the region), where familial solidarity is held at a high regard over money and social standing. In that case, I guess it wouldn't hurt if uou could help your Uncle get back up his feet by offering to teach him how to use crypto and profit from it, or any form of investment and saving method for that matter if he's a firm cryptohater.

That way, you're able to shed some glimmer of  hope for the old man considering this coold open profitable opportunities to uim despite his age and looming retirement.

Altpgether, this just solidifies the fact that if you fail to plan, you plan to fail. He's probably blindsided by the massive opportunities for profit that being a sailor provides disallowing him to see the bigger picture and better prepare for when he can't work anymore.

In life it's important to know if what our goals are. If your goal is to have a car, house or be rich, the only way to get it is by working hard but before that, we may need to go to school first to gain a knowledge and also a diploma to help us land a better career.

If you only want a simple life, then you should not try harder. It is still possible to happy even without those luxury things that we mentioned above. Having a 7 to 5 job is actually enough for one to live. This is better than not having any job at all. It's also not wrong to relax and play video games after the end of their shift but it must have a limitation because we still need to get up fresh with full of energy the next day and repeat the same routine again.

This should be a good lesson for every young man, and I think we are lucky to witness these bad days while we are still young and can afford additional work to pay for our expenses. The financial status of almost every person in this world has changed in the past years, so the difference will appear later between people who extract the lesson and change their minds about how to invest money, and people who continue their past living styles which make them waste a lot of money on unnecessary things. However, this situation won't last forever and we, as young men, can still witness prosperous times, but we should be with different minds though.
In fact, the capitalist system of the world is facilitating the movement of money from the poor to the rich people, as we can clearly see this case in every financial crisis in this world. Nonetheless, the opportunity is open for everyone to be rich when they understand how things are going.

The future is predictable to every man depending on how he plan for it.
When i see young people who use to say that the future is still far, i laugh at them because the future is just standing before us. The earlier we prepare for the old age the better for us.
Your uncle inlaw would have invested for the future knowing that his job may not really last forever or for too long. That is why it is important to have a side job or hustle just to secure a future for his family and for him self when he gets old.

This is what we say as Asset Investment, at least we have preparation even though it's not completely perfect in the future, and from here people will realize that Investment is much better to do, and choose the option to convert a little savings to invest in Bitcoin, gold or something like this is a wise decision to prepare everything in the future that will come later.

Luckily for those who have adopted this policy in their life, of course they will already know the realm of preparation for their life for the next, at least they have prepared even though not too optimally, which is now very good investment for the future, and use it in a place that already has quality and perfect quantity and at least not too risky.

The man had to source for his family which is why things are a little bit hard, you didn't talk about your aunt helping in any way other than being angry. Even if he is trying his best and is the only one helping with the family's upkeep he will need to get a steady well paid job.

One thing many people used to forget is that they are going to get old one day. They forget that time is just a numbers of hours for changes to occur.
We need to be make proper planning about our life especially planning about how to live a comfortable lifestyle when we can't work again. The amount of efforts we put in things to make us live a better lifestyle should be able to build and better lifestyle for us.
 When we get older many from 50 to 80 years, we should have made a better investment that will keep us comfortable even when we don't have the strength anymore to work again.

I'm sorry to hear about your uncle-in-law's struggles. It's a harsh reality that even hardworking and diligent individuals like him can face financial difficulties in today's economy. Your observation about the importance of preparing for our future is spot on. We never know what life may throw at us, and having financial stability and security is crucial, especially as we age. It's never too late to start saving and investing in our future selves. I hope your uncle-in-law can find a way to overcome his current challenges and that his situation serves as a reminder to all of us to plan ahead and be financially responsible.

Have seen few people around my community who have made series of money and touched million in our local currency but have refused take proper planning of their lives, today they are beggars, some of their children went into prostitution while some of the boys are all cultist who is now terrorizing our neighborhood by stealing and rapping your teenagers.
You see all this was the father's fault, whom have failed to plan and invested his money wisely. I know it's sucking to see such a person whom have touched millions still fall back to square 0 without anything to amount for is very bad and heart broken.

yeah right. that's why we have to plan and work hard to achieve financial freedom since we are young. so that if we are old then the income will still flow to us without us having to work. we can build more business and enlarge it over time. while investing and saving for old age. work optimally when we are young and should not waste money on things we don't need. maybe our young life will feel harder. but at least we will be comfortable in old age.

After certain age we don't know what will be the situation of us and we don't have much of opportunities available to lead our life. It is good to plan perfectly and do the rightful. After certain age whether we're into a job or not, we should get an earning through some source to lead our lives. It needs to be planned when we're able to earn good. Most of the people have suggested to invest on different things, according to me we should prioritise pension schemes from the governments as well as give importance to savings same way we consider investing. What we had invested could decline in value or appreciate in value, for our bad time if it isn't favour of us it is going to be a struggle. By the time the savings will give hands. Some sort of diversified finance management is good for the future.

Not a few hardworking people, lots of money when young, when old age comes financial difficulties. this is because when he was young he never thought carefully about what he would do in retirement.
therefore for young people, you have to plan everything carefully from now on. so that when you are old you can be more relaxed and peaceful in enjoying your old age.

Saving is something that is important in everyone's life, because it will make it easier when we need it later, when there are sudden expenses, and when we are unemployed. but if you want to grow, just saving is not enough, because if you only save, one day the savings will run out. so if we already have savings, it would be nice to invest, or open a business. because doing business or investing will rotate finances so that the amount is likely to increase more.

indeed opening a business and investing has risks, so here we have to be more careful and do research about the business that will be undertaken or about the investment assets.

because I've heard the words of a motivator, about the mindset of rich people "the rich don't save money, but the rich make the money make money for him".

Preparing for old age is something everyone realizes, and everyone wants to do it. But I agree with you, life is not so easy for everyone, and not everyone has the opportunity to realize their dreams or plans smoothly. Society is increasingly harsh, money is increasingly difficult to earn due to inflation. Many people do not even make enough money to cover their daily lives; how dare they think about saving money for retirement or investing? It is easy to say, anyone can make a plan, but when it comes to implementation, it is not easy.

That's something everyone should remember for the rest of their lives. Life can be a bummer, and it's a big reminder for all of us to think ahead. We have to make smart moves and decisions while we're young and able, save up as much as we can, and make sure to invest on anything that will give us some steady return and increase our wealth. Also, don't forget to keep our friends and family close, they will always have your back when things get very seriously bad. Always be sure to be ready for the future and not just live for the present.

After all, there is nothing more important than family. I think that many people, like me, cannot provide their parents with a carefree old age. But I would really like to. They raised us, and we ourselves will want our children to take care of us in the future.
Let it stimulate everyone of you are.
Also, let the desire to give the best future to your children stimulate you, if someone does not have them, think about it. We are not getting younger, and it is very scary to be alone in old age.
Therefore, now we need to work hard.

yeah it's true what you say. because we have to try our best since young. so that we don't have regrets in the future or when we are old. Maybe we also have to be a little bit harder on ourselves like living a disciplined life in everything, especially in managing our finances. when we are young normally we want more fun. but when we remember that we must have preparation in old age then we have to hold back a little. and more to save and invest. and continue to develop ourselves and our business. so that we can live comfortably in the future.

This is the reason why some times I think about I should invest on real estate property to prepare for my future. I can use this to make a rental property which I can use to survive on my old years since its to hard to rely on your son or relative since for sure they have their own struggles and better to have that to avoid losing money to use on daily expenses. While we are young its better to grind more opportunities so that we can secure our future.

While being young also it is good to take advantage of your productivity since you have a lot of energy to spare, unlike when you get older, you get tired too easily and some things aren't just the same as to when you have the energy to do it. It is a good mindset that you are planning to save for investment for the sake of your future. Even me myself up until now is still saving as long as I can since we do not know what will happen in the future, even if we say there is someone who's ready to help you at any given moment. Nobody also knows what battle they will be fighting in the future same as you do. Problems can occur, but it is much better if you have enough preparations so that even if something doesn't go according to your plan in terms of financial management, you won't be having a hard time or at the very least the burden will lessen.

Correct. even if we have several children and all of them become successful and wealthy people. then still we can not depend our life on them. because our children and our siblings also have their own lives. they have their own family in the future. so we only have to fight for ourselves in the future and prepare for it from now on. To be honest, I'm a person who doesn't want to bother other people much. and so also when I'm old I want to live in peace with a healthy body and without worrying about money because I have income that continues to flow as a result of investment when we were young.

investing in property, real estate and others is very good as long as we see good potential for the future.

I had this thought when my home back then became like a prone to flood especially that we were at low-lying areas at that time. It became a passive income for us afterwards after we move out. Knowing that this would be a great investment in the future just gave me a financial cushion to my old age at least.

There would be days that we cannot afford to just work anymore even if it is still an office job.

Sometimes time seems to go fast, I used to be a child but now I have children, preparing for old age is important and a priority so that we don't have to be difficult, in old age the needs are of course more and more, for example is health, I take old age and health insurance what I can and I hope with these 2 types of insurance can make my old age not difficult.

Maybe it can be very good for you in your old age, but I still think that for now I still have to work harder to have important assets that I can enjoy in my old age. Because everyone will have children and everyone will also inherit their wealth for their children to manage properly and continue to earn income that can be enjoyed together. And for now I also haven't thought about the insurance problem like you said because maybe I can get another solution that is just as good as that.

And this applies to everyone, they are of course required to be able to take advantage of their young age to be able to prepare at least provisions for old age which at that time will be difficult for them to change, if they don't start young, and this I think is very important and applies to every individual, maybe many of us have planned it either in investing or something like that that can provide at least preparation in the future.


All of this is a very good preparation to do now for the sake of preparing in the future, choosing the option of saving and investing is a wise decision in my opinion, because we will reap the results in our old age, therefore now we highly recommend it to us. everyone starts planning preparations to get good results in the future which is the rest period.

There are many stories that someone experiences difficulties or goes bankrupt in old age, they don't have anything and even have to live in a small rented house, from the many facts, it is time for us to think that our old age must be brilliant, use our youth for investment and work optimally then saved so that old age becomes a pleasant time.

I think when we are young we have to be diligent and invest for us in our old age, don't let it be when we are old we are still working, so when we are young, we have to work and invest so that in old age we can enjoy life because all the money we invest will work for us (make money work for us) so that when we are old we don't get dizzy about financial problems.

The way you dress your bed, that is the way you lay on it, let us be diligent and hard working in our young age,and know how to invest and save money, and do a small scale business that will bring income,the best thing is children,let us train our children in a good,train them to school make a good investment for our children,we are preparing a place to stay for our old age.and business investment,invest a lot when we are investing, make business and establish the business.Our children is our bed when we train them well,we will enjoy our old age or benefits from it. And always work hard and invest well when we young, so that when we get we enjoy from it.

What I and you write about has another problem. Lack of proper financial BASIC education, and gaps in basic education on how to organize your business, or generate passive income. The road through estrangement from the family and going to work, this is all due to the lack of experience and knowledge. This problem was experienced not only by you and me, but millions more people have experienced it, are experiencing it and will continue to experience it. Instead of "learning from the mistakes of others" by studying the problems of others, we go "our own way", which is almost guaranteed to lead us to the same problem that others experienced. There remains a very important point - the awareness of this problem and the adoption of cardinal decisions to change the situation. But this can already become an unsolvable task.
Therefore - before starting something, it is very useful to study the negative experience - it is he who is the most significant and important, and is guaranteed to reduce the risks, we ourselves will fall into a similar situation.

It is nice to have plans for the future and all, but same reason as how they initially plan their lives also, anything won't go according to your plan. This is also one thing you should consider, since who would ever want to be in that kind of position given that they have planned their whole lives as you've stated? Nobody right? For sure they have also regrets which is unimaginable for someone like us who's not been on that kind of position as they are. That is more likely the reason why we should be kinder to those people and learn from them as they are someone who is part of the history in which you could be the one repeating it one slight mistake. Most of the people would say "he chose the wrong options in life even if there are other options", Yes there is, but if they actually knew that from the beginning wouldn't they have chose it since it's more beneficial? I can say this because some of my elders and even my grandparents who have tried different methods to expand their business ultimately failed, and I know that for me although I can get enough knowledge to say that I am wise enough not to repeat the same mistake, I am somehow thinking that what if I am already repeating the same mistake they did? I am also unsure what the future holds and what I am gambling and risking right now is worth it or not.

Preparing for old age is important because we will no longer be able to do work like when we were young bravely and passionately, in my perspective it would be sad if I burdened myself with my children in old age even though that is what is natural as a child who is devoted to their parents, having assets that have potential for the long term is certainly a priority choice in solving this problem, maybe there are some that are potential so that old age can get passive income every month including maybe in the property sector, gold and even Bitcoin as an asset will be very valuable (besides the business or company that will be inherited) in old age as a support for a carefree life in old age. I also think I'm not paying too much attention to insurance this time, because I'm still relatively young and still looking for the best solution for that.

But we should to have rest as well. Not all the things we need for our future is all about money, we should focus in our health as well such as physically, mentally, spiritually. We cannot enjoy these things if we are having an illness or sick in the future. As much we will strive to get more money so that we can earn more we should also realize that all things must be balance, and taking care of our health is an investment too.

Good point, we have to work hard in our youth until we reach financial stability. And in my view,  it would be better if you invest in yourself at the beginning. Try to read some usefull books in your field and get effective courses, they really help to build your skills and improve your mindest  and believe me the more  your willingness to learn is high, the more  possiblity or chance to achieve success.

Furthermore, don't lose your time on unnecessary and useless stuff. the social media is full stupidity and regrettably lots are attracted to these trivial things.  it should be great if you Isolate yourself if needed, and work hard until you build your own empire. Plus, having a futuristic vision is very helpful nowadays , it is like expecting the future and getting fully prepared for sudden events. Otherwise, if you get old without reaching financial stability and achieving your goals, that's not the end of the world and it is never too late to change your life.  KFC's founder became wealthy at old age ( 60 yeas old  ).

You should be profiting even when you are buying in those type of investments. Real estate is a good investment only if you make a good purchase. For example, a friend of mine bought his house a year later than us, and paid %25 less than we did, however while ours went up a bit, his went up a ton. Because he bought it at a great place that would gain value and that is how he profited.

I personally want to get rid of our old house and buy a new one, basically trade our old one with a new one, and you can't do that straight up without paying, but if you go a little bit further away from the main part of the city, then you can do it. So I suggest making sure that you make a good decisions when buying, then selling becomes easier.

I think very important points explore by the OP how important for preparing when we got old, since over 60 years above difficult getting job with higher salary and we need prepare it before reach 60 years old have saving assets include as stock or save money in cryptocurrency and earn passive income every month.

However saving money in the bank will get inflation later when have been old and seems not effective, I think by holding cryptocurrency assets, invest on property or gold then having several percent of stock sure most profitable preparing when we got old than saving money in the bank. Just think which one most profitable assets without an inflation yet for our future when retiring from working.

The OP is correct, plan for the future and save money because from the OP's story, we see how vital it is to prepare for exigencies and unplanned expenses. Just like the OP's uncle-in-law, a lot of our uncles are in similar situations as they grow old therefore, we must take a leaf from this story- if we want to be live well and in abundance when old, financial planning are saving are important. For the young people reading this, if you have a family or when you have a family, do ensure that you strive for balance because in the long term, your job may not be there but your family would and if you didn't create time for them then, it will backfire in your old age.

We all know that we are not strong all the time, these are the people who are overseas workers who decided to be far from their loved ones just to provide for the needs of their children and spouse and dream of buying their own house and land.

It's just sad because OFWs spend more of their time working without being with their loved ones which is a sacrifice just to give the dream they want to their family. That's why you should be wise in saving money in addition to supporting the children so that the time you worked for a long time is not wasted.

His unnecessary expenses are responsible for this situation. After a certain age a person loses the ability to work and after a certain age people become physically weak.  Then he has no ability to work or earn. So from young age everyone should reduce his unnecessary expenses and save money for future otherwise everyone will be in this situation. And there may be another way out of this situation.  This problem can be solved if the government of the country gives a grant to everyone after a certain age and covers their daily expenses.  And everyone is entitled to this benefit from the government in his old age.  Because everyone pays 15-50% tax to the government from the income they earn at a young age

As a person cannot retain his source of income for all time and the one who job has a tenure of 30-35 years.  And after a certain age everyone becomes disabled.  So everyone must think about his future and reduce unnecessary expenses and save for the future. As if he can spend this savings in his misery

Many people are not ready when they enter old age, they are still renting a house, children are still in school, there is no passive income and so on, this makes old age a suffering thing, from now on we must actively look for sources of income, don't just rely on active income , focus is also looking for passive income income.

It is something that everyone knows and dreams of, but life is not what we dream it to be. If you come from a 3rd world country, you will see how hard life really is. Many people have to work from 16 to 18 hours a day to support their families, it is also difficult to save, let alone invest to generate passive income. My parents are also over 60 this year, but they still have to work hard every day to earn an income, I know that at that age, it is the time to enjoy life, but because the economic situation is not as expected.

Anyone hopes that old age will be passed happily, you don't need to work hard but only do things you like such as culinary hobbies, traveling, traveling the world and so on, but not all of these hopes can come true because many things can get in the way, especially when we are young prepare well so that when we are old we will regret it.

Your uncle was very smart and diligent in making money when he was still strong and healthy, but he forgot how to save money safely as an investment to enjoy in his old age. Saving fiat money will run out when it is taken bit by bit, instead he should be saving money in other assets like real estate that can grow in value.

Neither party is to blame in your uncle's case, he is good at making money but he doesn't have a long term plan. He must teach his experience to his children so they don't make the same mistakes, it's important in life to have assets to enjoy in old age.

The fact is nobody wants to work his entries life   everyone eants retirement and rest to enjoy his life on old times and for that everyone should think about their old age when they are young and strong.
Work hard , earn money,  invest in profitable businesses,  think carefully before using all the money so that In later age they'll fave any financial problems and they don't get dependent on anyone for their needs.

It is quite obvious how extremely important financial planning is since it would be a best gift to yourself when you grow older or retire in the future. Life is very unpredictable, so we should at least be ready for the perceivable events that might happen. It is best to plan everything and start saving at a very young age that considers your financial situation. Also, invest on yourself to continually improve and make yourself be active and healthy since these would make a difference when you got older. Lastly, I personally believe that we should continually revamp our knowledge so that we could always catch up to the advancing world that we live in.

I have witness friends from less priviledge home and turn out to big boys that made money bag for their self but they are consumed by these latest luxurious life and the life impressing thing teenage do, instead of reinvesting that money into something big; when you want to advise them, they will tell you it is because you are yet to make one for yourself that is why you want to advise them, they will continue to flex that money until everything vanished and start struggling for another means. If I am lucky to have enough money at as I grow, I will save and invest them for rainy days.

We should go through old age with happiness, but there are still many parents who are busy making money and it seems that the burden of living is increasing, it's only natural that many parents sell assets because when they're old it's very difficult to make an income, but we must always remind you that when you're old you have to have good preparation by investing so you can get passive income.

I did read your long post, and I'm pretty sure that there are many here in our country who are experiencing the same as your uncle, or even worst.

You said that you uncle is doing okay though even with the economic downturn that we have face worldwide. I've seen some sailors (or in our term, seamen) here in our place that are now having a hard time because they didn't save any money when they are young. They've spent it on some things that they didn't need, and when they got old, they are now having a hard time. Just to share. My older brothers are sailors for decades as well, but the good thing for them is that, they know how to save money for their future. Unfortunately though, they are a bit hesitant, and a bit new when it comes to investing. I didn't follow them because I want to do something different from them.

If I will give some tips aside from what the OP has share which is "Always plan for the future", I think these are what I will say.

1. Invest. It's isn't that hard to invest right? If you are quite new, and you really wanted to invest, go invest into index funds. If you are more risky, go invest into stocks. Investing in assets, particularly those who are giving annual dividends (stock market) is the way to go. Imagine you build your base when you are young, and when you are old enough, and can't work anymore, you are getting annual dividends without doing anything. Imagine how much Warren Buffett is getting annually in his dividend stocks.

2. Save. The younger you start, the better it will be. Don't save for the sake of saving, but have a deep reason to save whether it will be for emergency funds, or you want to invest into something etc. Always save for the future.

Having a high income is useless if you don't know how to invest, and save. You will not work forever, so build a base when you are young. Invest. Save. These are the things that will help a person when got old.

That is something that people in this forum will definitely do because of course they read a lot of investment advice and get a lot of reference sources in preparing for old age, a wise decision if we do share what we get from active income to several assets that can be give us additional income or what we call diversification, some of the things we might be able to do is that if our income can be enough to diversify, if not it will be difficult if we force what we can't afford, I think if we are young it's more whether we invest in ourselves to increase and or increase our potential or abilities that we have so that careers become easier to earn income, and we can be more flexible to make assets that provide passive income for old age.

In my country we have life Assurance company as an income earner it is most appropriate to pay premium to prepare for life at old age, in my country all government workers are entitled to monthly pension after retirement though their salary earned isn't up to amount paid during active service, nevertheless the amount paid as pension is enough to feed and cater for themselves.however non government workers e.g company workers who are not entitled to pension are advice to utilize life Assurance, this had been a saving grace for a lot of elderly retirees, however due to economy hardship in my country it hard for non government workers to save and register with a Life insurance company.

Yes, it may be especially true. The idea of living old age happily is something we all strive for, but financial pressures can make it challenging. Many parents find themselves working hard to make ends meet, selling assets to support themselves in their old age. However, it is important to remember that proper preparation is the key to a comfortable retirement.

I think Investing in assets that generate passive income can help relieve financial stress and provide a steady stream of income during retirement. It's important to start preparing for retirement early, prioritize saving and investing, and seek advice from a financial professional when needed. With proper planning, we can all look forward to a happy and comfortable old age.

Parents who still experience difficulties in their old age are parents who did not educate their children better or they themselves never had a good education in their youth so that they still have to experience more bitter difficulties in their old age. That is why it is highly recommended for everyone to better educate their next generation and in this case I mention their own children so that they can help them in their old age.

Because when someone is in old age, the next generation like children will be very valuable for him to be able to run his business or manage his assets properly. So before moving into old age everyone always recommends continuing to have a more qualified education and more assets so that in old age you don't have to work harder, but only enjoy the results in a more relaxed manner.

In life, there will always be regrets because there are times that we can make a mistake no matter how prepared we are but we should not think about it heavily. Just move on and try to improve your self in hopes of avoiding those mistakes again. If we are too old already I guess we can't do much anything but to just stay calm and wait for our time to leave this world.

We might have our kids, we can only teach them or give them some tips on how can they improve their life. Some people enjoy hard while they are still young, there is nothing wrong with that and this was better than regret enjoying when you are old already. Sure you have a lot of savings but you are too weak to enjoy it all. It's still useless.

one should have a small home - because at the end all the children will go to other places and will be settled with spouse
One should have some funds - to have food on the table too pay the nursing staff. at the end we all are going to die and leave everything behind.

I heard an old phrase once about saving for retirement, it requires a worker to save at least 1 or more gold coins for every year they have worked.  This is in order that no matter the currency that might exist in 50 years times after you start work you will still have the gold which does not rust, degrade or devalue especially over decades.  If you do not have this minimum in addition to pension or other ideas of saving like a house for example then expect to struggle with issues like inflation which are not new and can be expected to always arrive in time for old age.

One of the best ways to save money before getting old is to start a business with some of your savings. As the family's head of household, giving your wife some of your savings to launch a business is beneficial and will also generate income that you can use to invest in bitcoin before getting old. Although no one can predict the future, taking action now to benefit yourself later on is crucial.
I've seen a lot of people who work a regular job and also managing a family business to ensure they never lack anything, and I'm confident that even if they retire from their jobs, they won't be in need because they established their goals in advance.

Although I just heard this old saying. but to be honest I'm a little interested in the contents of the old expression. and it is quite reasonable if we do. because the value of gold is indeed the strongest to survive and is not too affected by inflation. I was even quite surprised when I asked my parents about the price of an adult goat long ago if it was bought in gold when my parents were young (decades back). and my parents answered about 4.5 grams to 5 grams per goat.

And now I'm trying to try to convert the price of gold into my country's currency. and match it to the current price of an adult goat. and I was quite surprised because in fact the price was still the same if bought with gold then one goat could still be bought with 4.5 grams to 5 grams of gold in my country. so I can say that the value of gold is not too affected by inflation. and if it's about saving for old age then you are right that saving it in gold is the right move. but that is only for savings and not investment. which means the value will not increase at all. gold can only maintain its value.

Good advice, but I've never heard of it. Now bitcoin can be our gold coins, because it is called digital gold. In our time, you should not rely on the pension system, because it is not enough for a good life, so we ourselves should take care of our prosperity. If it is more convenient for someone to buy gold for this, then I think that this will also be an excellent plan, for such a long period, gold will protect your investments from inflation and crises, and will also rise in price well.

To make old age, we have to prepare from now on, in 30 years I will be old and of course I will have a lot of time to make my old age happy, I will do the best, especially land investment, I'm sure only land investment is the way to make old age we are happy, do not be extravagant and too often in debt because it will make us miserable.

I think hardworking labourers shouldn't be blamed that they are having hard time making in current dire financial situation. Most people, most workers in the world do not develop proper economy knowledge. They don't get chance to do it, they can't find time to do it (they are busy working). I think we are lucky kind, we met with Bitcointalk, at least learned how to read indicators or obvious economic weather. We all invested one of the greatest inventions in the world (Bitcoin).
Only suggestion to give old guy OP introduced us is to teach him how to protect his wealth. Through metals (gold/silver), investment (real estate, stocks, bonds) and Bitcoin.

If we have good intentions to save and are disciplined then we can be happy in old age, many things are often unexpected in old age, and the problem that often occurs is health, parents get sick easily so they need big medical expenses, apart from saving things most importantly from now on we have to follow a healthy lifestyle, leave junk food and eat lots of vegetables from the results we plant.

if we invest a lot then there is nothing to be afraid of. The investment that is meant is not only money but education, health which is taken care of from an early age and good treatment of those around us, so that our old age will be calm.
and it's true that we have to prepare for life in old age, and everyone will think about that when he grows up so that when someone has thought about his old age, he will save and invest more.

but everyone has a different way of living in their old age, and of course all of these people still want happiness, calm and also peace in their old age.

The people who are afraid to make investments are the people who will suffer in the future wherein they will have problems in terms of financially and mentally. Why do I say so? If they do not have an assets that will generate them cashflows, they will experience difficulties and a lot of adversity whenever they face worse case scenarios like paying hospital bills, necessities like food, rent and many more expenses. They are afraid to take risks without knowing that if they do not make investment is also a risk. The problem is their mental foundation and educational background wherein they do not have an idea how to start investing, the benefit of making investment and the freedom that they can get throught. Most of the people nowadays are seeking security rather than freedom, they just want a stable life that will help them to live paycheck to paycheck. Don't get me wrong idea, I'm just saying that truth that most of people want to be rich by they are so afraid to make an investment. If you want to be part of the top 5%, be confident and start taking risks. There are so many opportunities in this abundance world, it is up to you if you will take it or not. Remember that there are some people out there who are keep working because they want to become rich whenever they get old. Be part of the people who prioritize investments.

Indeed. People do not fall into the life that they want, they fall to the level of their standard. IF a person's standard is to do amazing things and work hard, they will do amazing things and work hard. You cannot take it away from them. That's how everyone is different from living another's life. It is a matter of what they are chasing. Happiness? Stability? Excellence? Hard work? Serenity on a farm or a bus workload on a business firm? This then leads to how people would take risks in their life. If one would aim higher, they would risk more and greater. If one wants to be stable in their forties, one would make good investments in their twenties.

Just be prepared for any kind of recession and difficulties. Protect your assets. Don't and never be a slave to money. Use it as a tool and as means of freedom that everyone was seeking. True happiness comes from adventure, not security. Good things comes from good risk taken.


It is either you take a good investment or you create a business that would start a good investment. Wealth is a creation. Not being a slave. Work hard, save as you much, learn on the side, establish a system, create, trust your system, invest, take risks, rinse, repeat. That's how you play the game. You leave a legacy for the people around you. Be willing to risks because that's where gains start and grow. Anyone can. One simply can. It is a matter of whether a person is willing to do things that are required for financial freedom or not.

Everyone should avoid spending money where it is not needed and in difficult financial conditions, money should really be used in the right way. Building a business or running an investment is one of the steps to prepare for old age, if when we are young we are not more active in developing business and investments, then when we enter old age we will experience more difficulties and opportunities, especially if there is no adequate financial support.

Being broke or experiencing the lowest point in life is a cycle that we cannot avoid, there are efforts that we must increase to prepare for old age, experience will teach us to try to be more active and have strategies to prepare for old age. Investing, building a business and saving are ways that can be done, as long as they are adjusted to the financial capabilities we have.

Yes you are absolutely right land appreciate more profit then any other type of property. There is almost no chance  to get profit from land but with land we can invest in more such things like Bitcoins, digital gold, NFTs, Stable coins and security tokens digital investment is good platform for our old age and yes making Jwellery and keeping money in saving is not worth now a days there is so many apps are there in online platform which we can connect with our phone and can invest in Mutual fund, stock market if we want then we can do insurance it is much better then to make ornaments or keeping in saving account for old age.

Yes there is no doubt that will we be alive in old age or not but thinking about life is not a bad thing. There is no guarantee of life for a second and sometimes a person thinks so deep and do every possible thing to achieve the life's goals but he can't. It is not a bad thing to keep eye on financial status and work hard to improve it so lots of people are in desire of investment of some money but they should make their family aware of such investment and in my opinion investing money in real estate is also a good idea.

A person cannot leave the investment which he started at adult age because once a person get involved in something beneficial he cannot get rid of it. Hard work in adult age have more benefits in old age because the way people make investment and save money in some other business is more benefited in old age so thinking about future is full of advantages but if unfortunately he doesn't achieve so he will be disappointed.

Yes, I agree with you in this matter that investment is not just money and property, but a comprehensive investment like some of what you said, for example health. Maintaining a healthy lifestyle is also an investment that sometimes not everyone is aware of. They only focus on money and possessions even though if we talk as a whole, things like health are also very important for old age.
Now we will find many young people affected by many diseases due to unhealthy lifestyles.

Collecting as much money as possible while still strong and managing the money well is one way to prepare finances for old age, so that we can enjoy old age safely and calmly, it's better to fight hard now for a quiet old age, not expecting money from their children and grandchildren, if managed properly, even if we are old, we can still provide for our children and grandchildren in the future

I also have high hopes in investing in land. because the price of land has never decreased. the price tends to increase from time to time. because the human population continues to increase and of course all of them will need a place to live (house) built on the ground. and because of that the price of land will increase as the human population increases. well planning for old age must be done since we are young. although not many young people think about this. but those of us who prepare from now certainly have higher hopes for the future, namely a happy life in old age. and investing more is the way to achieve that goal.

I think accumulating as much money as possible is not a good solution to prepare for life in old age, no matter how much money you have, it will run out, but it is better to invest or start a business at a young age so that you can continue to run it until you are old.
building a running asset that can continue to provide income for us, even though it's small, I think it's better than saving as much money as possible.
but everyone certainly thinks about different things for the way they prepare for life in their old age and what is certain is that whatever it is, we have to try harder and think carefully about all plans so that they can go as expected.

A wise man said we should learn lessons from the ants, that as small as they are, they know it well to use the dry season to store up food in their holes, in preparation for the rainy season when they won't be able to leave their holes.
It is an important lesson for us to learn, it explains how important it is for us to chase the dark colored goat while it's day, for darkness comes when we won't be able to see the dark colored goat due to it been covered by the darkness..

Best time to hustle, invest and save up is while we are young, for in old age, doing those things will become very difficult, so it is indeed a good advice for us to prepare for the old version of ourselves now that we are young, for it is surely coming.

We must be productive in utilizing savings for capital that can increase profits for the future, converting gold investments or into business capital, the risk of accumulating as much money as possible in savings will have an impact on inflation which will reduce the value of the currency. It is recommended that you use your savings for job opportunities according to your skills.

Everyone has prepared finances for their old age and each of them has a different strategy of saving for a better old age, we have an age limit for productive thinking of up to 50 years so don't waste your young age to work hard because we have an economic responsibility for families and providing education to our children, the point is to prepare from now on is the best strategy.

this topic should make many think. It is very important in youth to think about what to live on in old age and start saving as early as possible or create passive income that will constantly bring profit. In youth, we spend a lot on ourselves and often buy things we don’t need and the understanding of this comes much later.I have just opened a savings account for myself which I send money to whenever I can and I hope this will become a habit in the future.

I see clearly that your uncle is just a diligent saver, his mistake is that he doesn't invest or has a side job so when he's old, the boss will definitely prefer the younger ones. From what I see it seems that your uncle can only expect his child to feed him someday.

still, under discussion, prepare yourself for the long-term plan, that's what I really remember from my lecturer. people who have fun and are lazy when they are young will definitely regret their life when they are old, the wheel of life keeps turning, therefore everyone is actually required to be able to live financially free when they retire so they can enjoy life with their family.

No one knows what our old age will be like.  so it's very good if we organize it from now on for old age later it's not too difficult if it's prepared early on, I always think even though I already have a permanent job I always want to have a side job outside of that the goal is many one of them so that if one day I leave work  there is still other preparation work

Always have that Plan B whenever your Plan A doesnt work but of course we should really be doing our best for making those initial plans and goals to be achieved in the first place.
My plan when i do get old is that i do really make my best on creating or making investment which it would really be beneficial for long term. Your kids would really be leaving you
when they get older or when they do raise their own family which is normal which means that you and your wife are the ones who would really be left in the end.
When you do get old you wont really be making yourself a burden with your children in terms of needs and maintainances considering that you could provide it on your own.

a very simple story but will give a very valuable lesson in life. i guess, everyone knows such story, however, not all of us is taking that seriously and live with it.
each one of us has our own way of attacking this situation as we have different financial capabilities. but it all boils down to the fact that no matter how small we can keep for our future will always be worthwhile in the future.

This system does not work, which has already been proven many times. It can work at a short distance, but each loss must be increased by x2 and the balance will most likely end before luck smiles. I tried to work out this scheme on the dice repeatedly and made sure that this is a useless exercise, the casino will always be 1 step ahead of any tricky scheme ;)

Honestly no body want to get old because this youthful stage is a very most interesting thing to remain in because we have that strength to achieve every of our desired aims before going too old that we begin to lose strength over time, old stage is the last phase in life that we go through after we would have gotten ourselves empty in giving the best we could to humanity by making positive impact.

Well as a financial advisor I would of course agree with you.  Save early.  Save as much as you can.  There's three things that I recommend to my clients on a daily basis.  Three things everyone should be doing once a year at minimum.. 1)Run a budget once a year, find out how much you spend each month (and how to lower that..perhaps you have cable tv and pay $90 a month, consider using an online TV service like YouTube TV and you could save as much as $20-30..that adds up) and how much you take home.  Subtract the two and that gives you what you could, or more likely SHOULD be saving.  2)Increase the amount your saving each month for retirement at least once a year. Typically people get a yearly raise, when this happens..increase your contributions right with your pay raise. 3) Review your investments at least once a year.  Ask yourself.. Am I on track for retirement? What's my time horizon? What's my risk tolerance?  Do my investments match those needs/timelines?

If you aren't good with finances, feel free to PM me, I'm willing to help out if you truly need it.  This is what I do for a living and I like to help for free where I can.

And do you know that Bitcoin has made it even more easier to save our future when we are old? All we need is to keep on accumulating bitcoin for the time when we are old and can no longer work and earn money. The investment in bitcoin will grow automatically as the price of bitcoin always increases over a long period of time.

Unlike people who gather fiat money and its value keeps on depreciating over time because of inflation and excessive note printing, the value of bitcoin always increases with limited fixed supply and no chance of inflation.

The problem is now we are enjoying or lulled in our comfortable moments, sometimes we don't think about our old age.  it's true, don't let us become a burden for children, therefore we have to start and be able to manage finances. The most difficult thing is managing finances and time to carry out plans A and B. but it must be prepared

Getting old is inevitable but you can prepare yourself before it happened. While we're still young, have a plan for your retirement to secure yourself and your family. We can't work when our body is not physically fit already so don't wait for it and plan ahead.

While you're still young, has a job and able to earn a stable income, start your journey of saving for the future. Think of what's best to have a passive income. Invest on crypto or real estate properties so you can secure yourself in times you're not capable to work already. Regrets are always in the end hence don't let this youthful stage passed without preparation for what lies ahead.

The problem is that we keep saying that we have a lot of time until we get old but we never think that it will take more time before we can have money that will last us until weve gone. Also there are instances that we do want to save for life in the future but because of priorities like family and children we have no choice to prioritise them so still after they graduated or our responsibility is done with them that is the time we can save.

Saving money for future is very important to any human, because if old age come you can fall back to your savings to improve yourself and to make food available for your family too at the moment. I have seen many governments workers who are seriously busy to ensure they save enough money by investing in Bitcoin so that after their retirement they will have hope of a better future. I think, many will learn from this your uncle life history so that they will end up well in the future because anyone that fail to plan well for his or her generation should be ready to see shame in future.

There are people who want to get old, getting old isn't bad when you have planned for your old age. Been old has lots of advantages. You get senior privileges and just seat around all day discussing and playing games. You have weekends with your grandchildren and you become their favorite person in the world, they bring gifts for you when they're visiting etc.

What's there to not want to be old, you just have to plan for it very well so you don't regret your old age. Now that you're a youth and still very strong, us this age to invest, take the risk now. Buy Bitcoin and other assets like real estate, stocks etc. Invest in your youthful ages and you'll enjoy relaxing and been old.

The most important thing is that we have the thought that one day we will not always be in the 20 to 30 years of age which is still considered young, but we will go to the age above 30 years.
If the age is still at the stage of just finishing college, then it is very good if there is a thought that I will be old and what should I prepare.

Money is a means or tool that supports our every plan in organizing and preparing for a good future.
The wrong use of it can also be a tool that can ruin our future plans.
And I'm very ready to welcome that old age, my friend.

That's what's going on, it's easy for us to plan every detail, but not everyone is going to follow through with the plan as they planned it, not everyone will get it done. Those who are married and have young children will understand how difficult it is to save for old age. Because even making money to take care of daily life is extremely difficult, let alone saving or preparing for old age. If anyone has children, they will understand that their children's future is more important or our old age is more important. It's easy to say but give it a try, it's not as simple as you're saying.

We need to keep this in mind that global and domestic scenarios may change at any time. In my country we were living quite normal a year back and its just a matter of year things have changed altogether. The inflation has gone up by 50%, local currency has devalued to its peak and much more. This gave a lesson that we also need to be ready of such changes that have huge impact on our lives. A dollar year back was 180 Pakistan Rupee and within year dollar is now equal to almost 300 Pak Rupee.

If there is something that I have discovered over the years, it is to take advantage of youth and time while you are young.

If you have any spare cash on hand, invest it on different mechanisms for you to reap in the future. For example, investing in blue chip stocks can actually be profitable in the long-run especially if you just let its value mature over time. While you still have your resources on hand, invest it on different platforms for you to enjoy in the future.

Most people invest in cryptocurrency with the aim of short/long-term investment depending on their goal. Personally, I would prefer to invest in both timeframes there are instances where investing whether in short or long-term is profitable.

While not everyone of us wants to get old or shall we say beyond the age of 60, but you're right, we should getting old is not bad and inevitable because all of us will eventually gets old if not dead at a young age of course.
Being financially ready will save you from depressions when time comes that you and your wife needs to live alone because all your children were married and needs to live home. Nobody will take care of you, so you need to take care of yourself. Not much you can do when you're old though, but money will make things work for you and yeah all you need to do is just relax for the remaining years of your life.

Your opinion is right, Everyone suffers from insecurities in old age. They cannot meet their needs properly. In that case, it is better to prepare for life in old age. It is possible to deal with every problem if you are financially sound. Food and clothes are easy to solve all problems. For this, you need to save in advance which will provide security in old age. And in old age, you may feel useless, you may feel lonely if your children are away, and you may suffer from depersonalization. You can be disappointed due to various reasons. If you have financial benefits, you can enjoy everything as your wish.

Saving for old ages is very necessary especially in this It is very important especially in today's times Because everyone has become selfish and greed of luxury life is more than before. I will add one more thing which I think is more essential for those whom God blessed with the blessing of a sons. If we train our children well and tell them the rights of their parents. So if we become old, these children will help us in financial need when we become old.

Our religion taught us to serve our deen, especially when they get old, take special care of them completely. And every need of the parents should be taken care of and they should not even say a word to them. This why our most of parents did not save more for old age because they know their children, neighbors are taking care but people are changing with time and now or later every body will forced to save for future.

We don't have a choice in this situation, like it or not, we will still age over time, so try to take advantage while we are healthy and prepare everything for the future. Our life must be associated with birth, old age, illness, and death. We will face it in stages, and if we can prepare better when we are young, then when we are old, we will have no regrets.

But I think it's too difficult to do that, I know I need to prepare for old age, but with a life full of hustle and bustle, maintaining life has been extremely difficult. Therefore, preparing for old age is not what everyone will do it.

His dedication to providing for his family is admirable, and for his future financial security, working for the government is a preferable alternative because it offers a stable income after retirement. And if a person is not employed by the government, they must start a business that will be better for generating revenue when they are unable to work.

Investment will be useful in these circumstances, allowing you to benefit from both real estate and cryptocurrency investments. Since your success in the cryptocurrency sector depends on the coin you choose, the growth of the money you invested in it will always be prioritized by bitcoin.

Having a long-term financial plan is very important, especially when we enter retirement. In addition, having assets that have the potential to grow in value such as real estate and bitcoin are a wise investment choice to help ensure financial security in the future.

I suggest that your uncle talk to a financial expert or financial advisor to help develop a long-term investment plan that fits the needs and purpose. They can help choose the right investment and regulate diverse investment portfolios so that risk can be managed and investment returns can be optimized.

In addition, it is very important to teach our children about the importance of planning long-term finances and how to manage money wisely. By learning about investment and financial management as early as possible, they will get used to and able to take intelligent financial decisions in the future. I salute your uncle who is enthusiastic and hard worker in his youth.

life is so unpredictable - and you never know what is coming a head.
During this situation - I don't think we will get old - war, diseases and other calamities are taking the life of people so much
One should always ask God for the health and blessing

This serves as yet another reminder that regardless of how much money you make, you should never grow comfortable with it and neglect to plan for your later years all because you believe that the money will always be there.

This is exactly how your uncle felt when he was young and active in duty. He thinks that since he was able to support his family, and nothing would ever change that's why he keeps feeling bittered each time he remembered his past life missed opportunities he would have utilize on when on service to prepare for old age

We all wish to live a comfortable retirement period free from complications, especially financial difficulties. On this basis, many of us spend our lives saving money for that period, which caused some of them to enter into a sick condition that made them not enjoy their daily life (and some of them died before they reached retirement). Others did not care about that stage and suffered difficult periods. In my opinion the wisdom is to reconcile life in the present today with insurance for a term in the future, like OP's uncle.
Everyday life forces us to work hard to live happy days. For those who are not wealthy to insure their retirement, I think it is important to secure part of the income in the Retirement Insurance Fund (a government institution present in all countries) because this will help secure a monthly pension during the retirement period. In general, all countries impose retirement insurance for all employees, whether in the public or private sectors.

Are you sure you are posting in the correct topic?

We do have to take heed of the story the OP told about his uncle having few regrets at this point. as a result he did not prepare himself for old age since he was young. We all certainly want to have a comfortable life when we are old. but preparing since young is also not as easy as said. but yeah we have to try as much as possible to always be able to set aside our money to save or invest for the long term.

Maybe a few years back when the Covid-19 pandemic attacked us all. then we all end up spending more than we make. even my savings at that time were almost gone. but the current economic conditions have gradually recovered. even the inflation rate in America has also decreased in recent months. and this is an opportunity for us to restart our financial planning for old age.

I see quite a few people giving great claims and advice to others about preparing for old age. But I wonder if people like us, who are making every penny per comment, who have to work more than 10 hours a day, can save and prepare for their old age? It sounds easy to say, but I think with the current economic situation, not everyone can do it.

Life is all about planning if you don't plan about your old age during your youth when you have energy and stamina to achieve anything than you'll end up having a hard time in your later ages .
If you plan good and productive you'll have many comforts in your old age and you'll enjoy it thoroughly.

Indeed, planning for your future is the best way to achieve goals and be a financial stable when the time that you are already
retired takes place, with the money you save or invest, you can live a life without regrets.

Maybe there are different opinions and approaches to how you should take care of your future, but you need to consider that the money you are earning now can be a good way to save for investment.

Learn from it and avoid doing the same mistake as you still have time to change your insight in terms of future financial needs.

When we were young, we worked not only for ourselves but also for our family, children, and parents…a hundred things to take care of in this tumultuous life. It can be said that getting some old age savings is not an easy thing.
I also admit that starting building for old age according to plan is difficult, but we should not give up because when we get old, we will suffer a hundred times more than now. Life is very difficult these days, but we have health and time, and if we try our best, there is still a chance for us. When we get old, we will not regret it because sometimes in life, trying is not necessarily successful, but not trying is even more regretful.

This is why either you or your partner in life knows how to budget the income that's coming in the family, because if neither of you doesn't know about financial management, then no matter how big you earn in your job, you're gonna end up with almost nothing. Savings is very important since that's the usual way of saving the money you earned for emergency purposes, though investing is much more better especially in Bitcoin or real state properties, etc.

You  only live once, so enjoy life. I'm 81 in June, and I've moved into a converted van. I have no money worries, and I can eat steak and salmon when I want to. I talk to people living in houses who sit under blankets because they can't afford heating, and complain because the cost of bread has gone up. Just make sure you are healthy, and can enjoy good food and sunshine in a stress free environment. Don't get into debt. If you can't afford it, don't buy it.

i have ADHD - and I have trouble focusing - I am not sure what my life will be in the old age if I really survived.
Life is so unpredictable and as you grow older - you realize it better.

No matter how much you try to prepare for future somethings will be left missing so just focus on today , enjoy your life  work hard and avoid stress , focus on your health .
When you'll get old you'll sort out everything if you are in good health so never compromise on that.

it's a good idea to enjoy life to the fullest - but we must also not admit the fact that we all have to die sooner or later.
One of my very good doctor friend couple died in a road accident. And I couldn't sleep for past few days. I have lost all the interest in life.

Don't lose your interest in life just because your good friend died. There's more to life and you can have sorrow temporarily but don't let that stop your interest in life. As we grow older, we want to keep things simple, when we're younger what we do is to have fun so we're all done with that but that doesn't mean old folks can't also have fun. We're all working with the best that we can so that we can have a good life and enjoy things that we wanna enjoy. But don't settle for less when we get older because the battle of life gets tougher, too many things are changing and we can't depend on the younger ones in our family as we get older. It's like enjoying the things that we've got now and then not to forget that we've got bigger things that we're preparing in the future.

I feel sorry for your loss of doctor friends. Losing sleep and being down is quite normal for a big loss in life and I wouldn't say anything against that. The thing that you have lost all the interest in life is temporary. I have been there when my dear cousin (the son of my father's older brother) died in a car accident. He was five years older than me and we got along well. He always told me to study hard and behave, although he was a naughty and un-disciplined boy over two decades ago. I cried for many days after he died and even to this day, I always cry when I think of him. But sooner or later, you'll get together and cherish the life you have now. Those who have gone will remind us of the valuable moments we still have on earth. Cheer up.

The last part of your statement is where some people actually feel like they are struggling in life, simply because they can't afford to buy what they WANT. Take note, the WANTS not the Necessities. I was once like this when I was still starting to build up myself and the career that I wanted to take the path of. I was forcing to buy things which were out of my financial ability and owed a lot of debt, then eventually struggle to pay them back. I have to work overtime just to catch up with my bills and necessities and at the same time avoid penalties for not paying the debts in due time. So, from there I've realized If I haven't had that kind of debt, I could have enjoyed my life by not spending too much time at work and not worrying much about paying for the things that I needed. The things that you want can always wait, so - a little financial sacrifices will bring you closer to the things you want to purchase without owning someone and paying for the interest.

by reading what you have written, I am reminded of a saying that I have heard since I was in school, "Save from Rich". the proverb is almost similar to what the OP said, saving in youth will be a solution for old age. apart from the savings we have, if there is extra money since now then it's okay for us to put our money in something that can provide more value, or in other words is investing. with investment and savings I think old age will be happier

When there is a steady flow of income everything becomes easy to afford but when we fail to invest life becomes difficult for us this is something we all have known and we believe that it is something we should practice many downfall today is as a result of nothe saving and this has lead to inability to take care of your own family as a man our resources or our income may be low but keeping financial records and minimizing our expenditure is important and it helps to assist in times of wants

I think I will not grow old. The medical condition I am going through is making me realize that I might die early
So it's good to have some emergency funds - and live a good life in the present time and be thankful to God.

Investing is the best way to grow your savings, if you have time to participate in any types of investment and you succeed then
you will be able to enjoy financial freedom when you go old.

It's always a good way to think of your future while you are still young, many opportunities are open you just need to pick the right investment.

Be ready while you are still young, if possible, to think ahead and save the best for last.

I think it's not only for men but also for women to be aware of the situation and conditions in the future that we will grow old and die maybe sooner than what can be imagined, the situation in the family is cooperation between men and women to live it's better and longer if it's focused on men, I think it will be difficult to arrange, especially if you're already married if you don't understand from your wife, preparing for days when it's likely that we will have difficulty getting money in the future is a wise step to anticipate bad things happening in the field economy, while today is still healthy and strong to do work and stable income is the best opportunity to invest for old age.
Saving, setting up emergency funds, and investing must be part of our financial management for the current situation, especially those who do not have long-term assets such as land or property.

The long term assets caught my attention and that is why I always tell people to buy landed properties at the slightest opportunity that they get because investing in landed properties has always proven to be a generational wealth builder.

People die and most times I don't see any reasons to save when we gonna die at the end.
But whatever the case might be, people ought to save and invest for their old age.

I just remember hearing on the news that someone saw huge amounts of money hidden in the house, which were the savings of their father before he died. The family found out after a few years of his death, but by that time the money had no value as it was old paper money, which they also couldn't exchange to the banks as it had already been demonetized by the banks. This is really the problem if we just save and no one knows, and if you die, your family can't take it, unlike if you had bought land and a close family member or relative would have the land if you died.

Your lifestyle may not seem appropriate to most of us at our current age, but I am sure that we all wish to reach that stage of serenity where you can dispense with most of the luxuries of life and suffice with a little good health and some friends in the neighborhood. I still believe that living with a family that provides part of its efforts to help the elderly members is the best that anyone can get, but unfortunately this depends on fate, since we do not all live in families. It does not matter whether you are sick or healthy, as much as it is important that there are people near you.
As for debt, I do not think it is a good guarantee of a comfortable old age. On the contrary, it may be the reason for its destruction. It is best to avoid using this method in general.

By the way, it's been a long time since I last read one of your comments Jet Cash. It is good to see that you are still active on the forum and able to provide valuable input as you always do.

Not everyone who invests will be successful and happy in their old age. there are also investments that make their old age worse if the investment they choose is not successful or fraud occurs in their investment, even unwanted things will happen. of course the risk is always there, and choose an investment that has full trust and the right investment. there is a bright side if saving is the last solution that makes old age better even though there is no increase in the value of the savings we have, at least we have savings and whenever we can have them.

Preparation in time is a major factor we need to consider as human investing is also important to us so as to meet up our needs tomorrow
Be in touch with the online trade which has been helping many people today as a result of there investment
People no longer think if today but only think of tomorrow because it is a major priority of every human
So long as you alive

Well that's right. And I think that the current generation also seems to be a pretty good generation when it comes to financial management. I see many young people who have prepared themselves to get a comfortable life in the future. they invest and save for the long term. one of which they do in bitcoin. I am also included as a person who has planned preparations for the future. and that's why I always keep my money aside for me to put in long-term investments.

From what I usually see around me, old people will definitely choose investments that they think are very valuable and are in great demand by many people because old people usually think that something they invest can be more easily sold and easier to get a profit. when he is sold in a moment of sudden need for money or when he wants to share his inheritance with his children.

So it's not uncommon now that I often see parents who buy gold and land as assets that they think are good and that are also considered good investments for them even though for the younger generation now Bitcoin is also not so bad to choose as a long-term investment.

Yes, that's right, if the investment you are referring to is in the form of land and gold then it is very possible for someone to easily sell it when they need money suddenly or urgently.
but if the investment is in bitcoin then it may not be as easy as investing in gold and land even though investing in crypto can get a lot of profit if market conditions are favorable

There are many open opportunities and one of them is investing into Bitcoin, if you have a good insight to what will be the future of this asset then better to invest as early as now, you need to prepare for your future as you don't know what will happen and what are you missing, when you realize things, it's already too late.

Better to make a good investment and start saving your money to prepare yourself when you get old. You are financially stable.

It is not a bad idea, the purchase of properties, but times change and holding a property plus taxes is a liability that entails expenses, and depending on the country, it is not the best long-term vision.

 Times change, investing in other types of assets is more profitable, in fact things like writing a book, creating content allow many to live peacefully in their old age.

 Before, these things belonged to a few, but nowadays you can live peacefully with some views, for example.  :)

With today's technological advances and coupled with the conditions where young people are today, of course, this is very good because they can take advantage of the times and not reject various aspects of knowledge. Even though not all of them are prepared, at least there are a lot of young people who are quite successful and can be used as a reference for things like this.

They realize that self-preparation is quite important so they don't delay things like this.

Now there are a lot of supporting factors that can be utilized to make a good life and now it depends on our willingness whether it will only be stuck in place or move and want to live better.

In the end, everything will depend on our own will. If we as the younger generation have high motivation to move forward, then at this time opportunities in all fields are very open for us to enter as long as we are willing to learn. Because now it's easy to access information to add insight and various skills for ourselves, it's also quite easy to get. Even with just a smartphone and an internet connection, we can learn a lot from the internet.

In the past, people had difficulty getting insight because there was no internet world. In the past, if we wanted to gain insight, we had to go to school or to a library to read more books. but now we can access various kinds of books that contain insights from around the world via the internet. so that the current obstacle for the younger generation is only in growing motivation. because sometimes the result of the convenience of technology can actually make the younger generation lazy to learn. their motivation is low in learning because they think that there is no need to learn because if they need information and insight then they only need to look for it on internet search engines to find information.

I completely agree with your point of view. It is important to plan for the future and save money while we are young, so that we can have a comfortable life when we are older. Your uncle-in-law's story is a reminder that even the most diligent and hardworking people can face financial struggles, especially in today's economic conditions. It is important to be prepared for unexpected situations and have a financial plan in place.

 We should not take our financial stability for granted and always strive to save and invest for the future. Your uncle-in-law's story is a lesson for all of us to be mindful of our finances and plan for the future.

I remember the sentence "When you are rich then think if destiny changes you will be poor", I have changed the pattern of economic management in the last few years to save for old age because we will not get the same income every month and we can even lose our jobs at any time and there is no income, for example during the last pandemic many people lost their jobs due to economic difficulties companies, people without savings would find it difficult to buy food needs and some hoped for assistance from the government. In conclusion, we must set aside money for savings from each income/salary, savings are also useful for mandatory emergency needs in personal or family financial management.

It's the opposite that I know of from the community that I'm living in. They think that we only live once and that's why they enjoy the things that they can enjoy today through pleasures and never think of what's about to happen by tomorrow. They never think about their future and that's why the most important thing to them is present which is actually true but their approach and way of demonstrating it is in the wrong ways.
Yeah, we only live once and that's why we need to prepare and be better with the future that's heading to once because we'll never know if the same ways of living will still be in the future or we can still enjoy by that time or we'll face a lot of troubles and problems because of our ignorance today in saving, investing and preparation.

The word you are trying to say is save the money before get into old ages.It’s essential topic to most of lazy people,they have to analysis their income and expenditure.Because they save money at the younger ages,So they live the old ages in happy one.It’s like an happy retirement by their savings,it doesn’t mean they need to retire from their regular jobs.Crypto currency will be the best option to save their money for longer period.The money their are going to save for old ages was not dependent by them.So they inverse in bitcoin for longer period of time.Then when bitcoin price pump to ATH,you can cash out to fiat.

Agreed and sad to see so many people misinterpret or try to distort the real meaning of it. I have no idea if there is any correlation between being rich and planning for the future but most rich people in my big family are very frugal and they always plan for the future. They don't complain about "live in the present", "enjoy the moment"  because they all have clear goal of what kind of life they are envisioning and how to get it. On the contrary, the less fortunate people who barely make ends meet tend to spend most spare money on leisure and keep saying "we only live once". I used to explain the meaning to them but not any more. It's just impossible. We only live the way we choose.

The steps you are taking are very precise. Because we have to prepare everything for our future from now on. we mustn't procrastinate. because we don't know what will happen in the future. Having savings for old age, emergency savings and investing for a better future are 3 things we must do immediately and regularly/disciplined/consistently.

Yes, it is true that an example of an unexpected event is the arrival of the Covid-19 pandemic. Everyone who didn't have preparation and savings before the pandemic started, surely when the pandemic took place many experienced financial difficulties. because even many who have lost their jobs or who have businesses also have to be forced to close their businesses due to quarantine.
but for those who already have an emergency fund and future savings then I don't think they have too much trouble. In fact, I see many people buying property at low prices during the pandemic. because the initial property owner sold his property cheap due to economic pressure. And in the end, those who have the preparation are the lucky ones.

Poor mindset will never think about their future because what they are just being rich today and enjoying life while still alive while minding out what will happen when they are not capable enough to work. It is contrary to the rich mindset, they are preferred to sacrifice their happiness today but later part when they become financially stable, that was the time they travel around the world enjoying life worrying nothing as they have money to come into their pocket even if they don't work.

Investing now should not guarantee us of living a better life when we grow older. We need to take a look on our environment and people we mingle with to confirm if our investment would be meaningful when we hope on them. There are a lot o investments that had yielded to be in vain probably not get what you have suffered for or invested in due to crash or bankruptcy. We should always make our investment to be solid and put in different sources os in case the other do not give us what we expected, the rest would make us smile.

 ;)
Exactly mate and in other words, we shouldn't put all our eggs in on basket and this has been one of my greatest agenda while preaching the gospel of saving.
Most times put all their hopes and efforts in just one channel and at the end of the day get so disappointed even to the point of commiting suicide and I've seen a case when a lady was seriously preaching against savings, not just because saving is bad but we should also know that everything in life has both good and it's bad  area and after some questioning, it was discovered that her husband died commiting suicide after he lost everything had after investing in cryptocurrency, Bitcoin precisely, hence people should know how to diversify their savings and also do a proper research before doing any research.

This thread reminds me a situation which has become very common here in my country, unfortunately.
Nowadays, most elderly here basically depend on their family to continue to live, since the situation with our economy and the national currency destroyed their income and their social security which they accumulated during their whole life.

Their adult children are those in charge or provide them food, medicine and pay for their medical expenses, otherwise, they would starve to death or die from some completely treatable illness, like high blood sugar or high blood pressure.

Unfortunately, there are elderly who were not so lucky to have a family that cared about them enough to pay for them to continue to live in a proper manner. Those choose to commit suicide or just wait for their deaths quietly. It is a cruel destiny for several people here.

Here there is an article about the situation, if anyone feel curious: https://www.thenewhumanitarian.org/news-feature/2020/02/25/Venezuela-elderly-hunger-crisis

This is the point.
Because now the resources are adequate, it depends on how we deal with it. Information is easy to obtain, sophisticated technology is widely available now, it's just a matter of how we generate interest in ourselves whether we want to move or not because of course what happens now is that the biggest problem is laziness and I think almost everyone has felt something like this.
Many people are indeed quite lazy to be literate on information and keep up with technology which makes us seem to be left behind with increasingly sophisticated technology.

What you did was actually very suitable and not wrong at all because from several facts what you said it really happened and indeed there were difficulties for those who had lost their jobs due to the pandemic. So that saving in life has actually become a foundation that must be done as long as we are still alive by setting aside a little of the income that we can still get. Because besides that it can be very useful in old age, it can also be very useful when someone experiences unexpected difficulties in their life.

almost everyone wants to do this, but not everyone can do this, only people who have more income than what is needed can prepare them to live in old age.
the preparations made are indeed not just money but whether it is a form of business for the future or investment.
Instead of saving, I agree to invest or build a business with a long-term plan. In my opinion, this can not only be enjoyed in old age, but from an early age we can feel the results, even though it is a difficult and long process.

Life will always spin, there will be times when someone is at the highest or even lowest point in his life. I hope one day I will reach the highest point in my life, as you said, if we save or have savings, at least it will be very useful when we face difficult times in life, and my parents have taught me to always save. Apart from saving, I also set aside a little of my money for Bitcoin investment in the long term with the hope of enjoying the results in my old age.

That's how they interpret the meaning of living once but doing the wrong things. Someday, they'll come to realize the true meaning of it when they'll get to remember those things that they've done and will start to have that thought that regret that they should have done better instead of those activities that haven't been productive to them. Although they can also justify it that the memories that they've made with those activities and people that they've been with can be treasured, yeah, we're there but dealing with the reality sucks and will make them realize everything is just passing by as a memory and I agree with you that we get to choose the type of living we want and the memories we want to treasure.

Most times people tend to complicate life with alot of expectations to meet and at some point, I get to tell people to accept life the way it comes and try to live the life to the fullest and also live everyday like it's the last and  basically there are cases of people who seem there isn't any future for them but at the end, we see them doing very well in the future and there are those who look very promising with bright futures but end up living a worthless life.
For those who are christians, you'll agree with me that there is a saying in the Holy book that "I KNOW THE END FROM THE BEGINNING. and there is also another saying in the Bible "I KNOW YOU EVEN BEFORE YOU WERE FORMED IN YOUR MOTHERS WOMB.
going with this saying, you'll understand that everything has been predestined and there are people who no matter how hard they try to make it in life, nothing seems to be fruitful not because they're not hard working but because they're destined not to be fruitful.
There are people that also live very reckless and careless live but still end up doing very well in future.
No one wants to be poor but even with planning, there are people who still can't have a satisfying life.

Yes, things and situations might be predestined for us but everyone has been given free will and that's the power that's given to us to change the situation that we're in whether it's good or bad. I know people that have lived miserably in the past and living good today and that's because of their decision but not everyone ends with that situation. There are those that are already happy and contented with what they have thus, they chose to continue living the hard way because even if they've got good plans, they lack of execution and following what they've planned for.

Always having a plan for the future is something that we should really be thinking about because you and your wife would really be living until the very end.No matter how many children you do have, it wouldnt assure you
that they would be taking care of you both when you do get old.This is why you should set back up plans and savings which is really that intended for future use or on the time you do get old.Speaking about economic difficulties then you would definitely be feeling off these things on the time you would lose your job or would really be somewhat affected.This is why having back up plans and investment
will really be that suggested and recommendable.

Yeah you're right mate but have you also thought about the essence of opportunity?
There are alot of persons who are physically, mentally, educationally and also emotionally prepared to change their life stories but unfortunately haven't gotten an opportunity to do so and you also think those persons lack executional plans? NO
Let's take for instance, everyone wants to own a house, possibly a big and very comfortable house, what should be the executional plan for someone who has sincerely tried everything humanly possibly but failed ?
There are people who are spiritually under a spell and no matter the perfect execution approach they have, they will never succeed,.
Do you now think those sort of persons don't want to improve their lives ?
I guess no because at the end I just believe success shines on those they choose to shine on even without most of them working quarter of what those struggling out their must have suffered.

this is usually the bank that offers by cutting wages that have collaborated between the company and the bank so that this savings is very useful in old age, my father did this before but because of the introduction of this new system so my father's old age savings are not optimal but not bad for small business capital when old

Agreed. Opportunity is probably the most important element in success. No matter how well you are prepared, if you don't meet any opportunity, things will end up in failure inevitably. I usually correlate opportunity with luck because they are like twin brothers that can always turn things into magic. I like to take chances to find opportunities but it's like something that is predestined, you only have it if you life had it in the first place. Harsh truth.

What kind of investment do you like?Maintaining the value of your assets or increasing your assets?

If the first question is for you then there is no reason to invest in precious metals. In my opinion, precious metals are the best alternative to reduce the purchasing power created by inflation.

If the second question is for you then I would recommend getting into the crypto world. But the most important point here is whether your knowledge is sufficient for crypto investment. If you have knowledge about crypto and want to double your investment, of course invest in crypto.

It is better to have something rather than having nothing. Future plans are always a good thing to have in order to have a good life. Without ambition, life is useless. Enjoy the life as much as you can, and in order to maintain that also have a plan to support yourself in the time of emergencies.
It's a good idea to make a savings for some reason. Without reason, people find it hard to keep that money in their savings. Having a reason will prevent anyone to use that money for other reasons. It makes saving easy until the reason is fulfilled.

I completely agree with your point of view. It's never too early to start planning for our future, especially when it comes to our financial well-being. We never know what challenges life will throw our way, and it's essential to have a safety net to fall back on in case of unexpected circumstances. Saving money and making sound financial decisions are important habits to cultivate throughout our lives, and it's never too late to start. We should also consider diversifying our sources of income, investing in our education and skill development, and creating a retirement plan to ensure that we have enough money to support ourselves when we are no longer able to work. It's also important to enjoy the present moment, but not at the expense of our future. By being proactive and planning ahead, we can have peace of mind and a comfortable life when we get older.

Yup, if you know how to pick the right opportunity that opened and manage to work it well, chances of success are high,
I'm pretty sure that every person has it in life.

It's a matter of how well you recognize it and how you take every openings, it's always up to you on how you grab and take all the advantages.

with good opportunity and an influence of luck sure deal, you will find great success.

Financial security is important in old age, so it's essential to plan for retirement. This involves saving money, investing wisely, and planning for the unexpected, such as health emergencies or changes in living situations.

saving and investing are decisions we usually make for the future we have, and that includes old age. we need to save the money we have, not just for emergencies but for the old age we have. it is very true that the value of the money we save is always reduced due to inflation and other economic problems. however, it is a decision that has proven long ago to be a lifesaver in old age. besides that, looking for investments that can give us profit every month is a must. in old age, we need to consider that we can no longer work, so we need that type of investment.

I also understand that. Not everyone is given the same opportunity but I've been there and experienced that, still, those who don't give up will still end up with a better opportunity even if the current situation isn't giving them the best opportunities that they can have.
I know that it's a kind of discouragement to them and that's not giving them the motivation to change their lives and have some preparation for the future. As said, we all have the free will to change our lives and take every step and action that we think shall make our lives better. In the end, the real winners of life are those who don't give up even if they've experienced tremendous loses.

I'm still lost in what you really mean by "we have the free will to change our lives and take every step and action that we think shall make our lives better"
Mate you should consider the wheelbarrow pushers or maybe the petty beggars, do you think same opportunity presented to you might be the same presented to them ?
Absolutely no, and there are people who were born with Golden spoons and life in general has been smooth and fair to them and there are others who figure life out all by themselves.
Mate life isn't bed of roses and no matter how hopeless one might seem to be, they in one way or the other, still desire to make it.
There are cases of physically challenged persons who are doing very financially well far more than those who are physically complete.
Hence life is predetermined.

In my country we have a huge retirement system run by the government which is going to fail eventually and nobody of the younger generations can rely on it. The problem is that our system is not capital funded and relies upon a larger number of tax payers than elderly people. But with the changing demographics there is no way that in 10-15 years the workforce can maintain the payments for the elderly people. The only solution we have today is private retirement insurance or build an investment portfolio on our own and keep it until we retire. Retirement funds usually have very strict investment regulations and will not invest in risky crypto currencies. That's why it's probably better to save money on our own. With time frames of 30 years until retirement there can be huge returns with the right investments. It's all about making long term decisions at a young age and let the money grow over time.

To meet their daily needs, there is no money left to save, therefore some people have side jobs to meet their needs as well as to prepare themselves in case of an emergency. side jobs will be very helpful if you want to have money saved for the future

Getting old doesn't mean you won't work anymore.  I think I will do something when I retire, a job that I love.  If I don't do anything I will quickly get older.  This I learned from the old people in the village.

Family finance is difficult to describe.  It depends on our own spending.  If possible, create food by growing your own vegetables and raising animals like chickens, ducks and pigs.

Always have some money in the bank is the best way to deal with the unexpected.

agree, after retiring does not mean not doing activities anymore because by continuing to want to not quickly become forgetful (old) then we have to continue to train our minds with usual activities and what we like, then we will stay fit and well maintained.
finances can continue to decrease if you don't do odd jobs which can at least reduce expenses, because relying on interest from the bank from existing savings certainly cannot be sufficient, or as you do by creating jobs by growing vegetables and animals it will at least reduce the costs incurred might be issued.

with time we all grow wiser and mature. And that is the real reality of the life.

that is so true - some people are wise and smart to save moeny at the early age - they would not waste money on unnecessary stuff. Which is the best apprach in life - I am not the one who would save money which is worse thing I must mention in my personality

correct - but we are living in the age where life is so unpredictable - wars, diseases, natural disasters in such a normal thing these days. 

Yes , it's great decision on making our lives better in the future so we could do everything even were old , saving mindset it's not stingy but it's a thrifty things.

I would love to do this kind of stuff when I go old, not really after with huge amount of savings but having a small property where I can grow vegetables and fruits together with animals where I can survive my daily needs, it's doable if you have a decent job where you can save some of your salary and start investing with small land property.

along the way, it's your way of thinking about your future and how you would like to live it after you retired.

Money may be the most important thing, but it's not everything.  We need to prepare our attitude, health, psychology, relationships and other things in our heads.  Better preparation will help us anticipate risks.  When we are young, we have health, parents and friends will help us, but when we are old, we will only be able to rely on ourselves.

It takes planning and healthy habits so that old age is not a dead end.

haha.  Preparation is a good thing.  It seems that we here all want to live a peaceful life in old age.  Sometimes the kids will make us nervous.  Where I live, my parents will help the children raise their grandchildren.  It can be a burden, but it's also a joy to watch your baby grow up.

Money should not be treated as an end in itself. Money is a financial tool (which I have repeatedly repeated) that can and should be used to improve your life, both at the present moment and when old age comes. But keeping them until old age is an unreasonable decision, because by that time it will depreciate significantly. It would be interesting to know if it makes sense to keep bitcoin until old age.

In old age, you can count on your children or they will count on you. Here, how it goes.

A carefree and wasteful life in youth will surely punish in old age, and therefore, one can't do without strategic planning and some restrictions.

It's true that we never know what will happen, so for me a side job is important and must be considered,
it will be much better for sure if you have more than one source of income,
we have to learn new skills because it will help.

Whats best now a days is that if you have skills and are lucky, you can find a side hustle online, like if you have full-time work and then after your work you can have like 5 hours for your side hustles online with your own comfort, unlike before when you would go physically, which is more exhausting because you need to go there physically. If ever we get a chance to have a side hustle, try to grab it, even if it is exhausting, as you need money financially for your future.

I want to achieve financial freedom before I get old, in fact I am extremely strict with my time.  Everyone wants to have a comfortable life, like to travel, to be at ease with their family after their children have settled down... That means I will have to focus on working, trying to make money, and investing properly for my family.  My goal when I get old, I will build a small farm to grow clean vegetables and I like them to be located in the suburbs.  Enjoying fresh air is a good thing.  There is nothing more precious in old age than good health and mental well-being.

Becoming a parent to provide for the needs of their children is now more costly, especially with more than one child and the only source of income is from work and no other sources of income, yes if this problem occurs in developed and developing countries as well. Working and saving for the future is a good thing, but there is a negative value, because saving large amounts of money to use in the future will be very regrettable because the value will be different for future needs, except investing in gold, for example. the selling price is fixed and adapts to the current world situation so the value is increasing not decreasing. But we have to be selective and know which cold money will not interfere with the necessities of life, from there we can start setting it aside.

Even if you think about the last life, you should definitely save some wealth for yourself. Because you can be a burden to your family when you get older and cross the working age. In this situation, if you save or invest some wealth for yourself thinking about your future, then that saved wealth or investment will be useful in your last age. 

Everyone should do this. Because people's minds are not always the same, maybe you are earning money now so you are a very valuable person to your family but when your source of income stops the family will consider you a burden.  So it is wise to think about your future without being a burden to anyone.

The real main enemy for everyone comes from themselves, namely Laziness. And this feeling of laziness arises because of a lack of motivation in their life. Because nowadays even without a higher education diploma we can still get a pretty good job. as long as we have expertise that we can highlight. and skills and expertise are also easy to learn nowadays via the internet.

Technological advances have brought convenience to everyone who is open minded and not lazy. but for people who are lazy then they have wasted the opportunity they get every second they miss to relax.

So to prepare for a comfortable old age can also be started by developing ourselves. we have to be a multi-talented person who has many skills so that we can work and make money from various jobs.

Even after AI I think things got pretty easy. we can even ask AI to create an analysis indicator script for trading activities on the crypto market. My friend has tried it and quite effective. even if we don't have expertise in creating a blog or something like that then we can learn self-taught and assisted by AI.

I know that everyone can't live the same as other people out there, some people could have just easily get anything because they are rich, some people have to really work hard just for their daily needs and foods. This is why I can sort of understand why such things could happen, because that's how life works. It's also important to prepare for the future since today because who knows things are not going as you expect and more preparation means you can avoid such things in the future including economy purpose.

Excellent point on that money is a financial tool that can and should be used to improve your life, both at the present moment and when old age comes. Most people go extreme ways to both sides or simply we make mistakes about financial management. I am also thinking about this issue lately and hope to find a better way to make the use of money and live a better life. So glad to read your comment today. Thanks.

We do have differences in terms of financial capabilities and it was given that there are people who live as wealthy since birth while others live poor and have no option but to survive, though chances to change our future always in our hands if we continue chasing for good opportunities maybe there's something out there that will give us the chance to succeed.

Preparing for the future should always be a part of your life. You never know what's waiting for you and being prepared will give you some good edge to continue surviving whatever the future may like.

This is an important point to consider, where we don't always have to think about our future to be responsible for our descendants. We don't always have to save for our future, but investing in education and providing a good school for our children is one of the best investments for our assurance in old age. When our children can earn more money than us, the legacy of mental and material wealth will continue to our grandchildren in the future. Who wouldn't be proud of this achievement?

It all depends on our perception in dealing with the existence of money. Hoarding it can be exhausting, but using money with the right purpose has the potential to bring greater benefits than our expectations.

Investing in educating our children so that they become people with high insight and have a bright future is certainly an important thing and must be done by every parent. because the best legacy for a child is not just about money. but the knowledge that he can use to achieve success and happiness in life includes knowledge in good financial management. because if we only leave money without giving proper education to our children then he might not use the money to develop his career and instead it will be spent by them. due to poor financial management and lack of knowledge in life sciences.

and of course we still have to think about and prepare ourselves for old age. and I even think about not wanting to bother my kids someday. because they also have their own family. so that I will prepare a retirement fund and also prepare my children to become independent individuals and be more successful than me.

My heart is always heavy when I see that education has actually lost its value. It's painful, but then I can remember that once you are educated, success is already at your doorstep. For a few years now, the number of graduates has increased and the rate of unemployment has also increased. However, despite education losing its value, it is still very important, as it is every parent's dream to make sure their child is educated to at least get a good job to be supported to the family and also to be able to fend for him/her self. In addition to education, I believe having a skill or running a small business is not a bad idea. We should also support young people in their endeavors. despite a child being educated, we should encourage them to have skills.

Sometimes circumstances can be too difficult for us to start to change something, when the money earned is only enough to feed our family, it is difficult to think about anything else. Now, with rising inflation, the situation will only worsen. So there are quite a few who cannot prepare for a secure old age and simple advice, saving and investing will not help them, and such people cannot count on the help of the state or anyone else either.

some people would spend their whole life on a bicycle
they would help their kids grow but they would not make a saving for them -death is for sure but we should think of a better retired life then to think of our kids all the time

Some people just live hand to month for the whole period of their lives and it is not possible for them to prepare for their old age. The preparation for old age and this stuff is only for the rich who have a lot of money and they can invest that money in property or in bitcoin to get the benefit at a later stage of their lives when they are not capable to work.

Anyways, those who have extra money or savings should invest in something (it could be crypto or anything else), that could benefit them in the long run.

Investing is not only for the rich but anyone who is actively working to get a side job will have the opportunity to increase savings, so the maximum value of savings is not limited according to income and any amount can be allocated for savings every month, but it is better if the savings are converted to crypto or gold to get high profits for the long term.

I greet with almost everything you said and though I'm very much into crypto more than I  can say for gold, I don't think converting all your life's end for a life after an active working age as a young man in gold or crypto. Maybe at the time it is but, do we think crypto or gold would continue ti grow forever?
Of course there is a volatility aspect to them both especially for cryptos which would definitely flip price, I wouldn't advice that a life after work be placed in cryptos or gold.

Taking active investment in other opportunities would be some ideas to give a thought.

Helping them grow savings is part of it, it doesn't all about money but also like lands, house or any expensive stuff that they can benefit. Though the problem is that not all has a privilege to have extra money for investment as they income are just enough that is why you should save your extra once you have a spare money

Preparing for life in old age is important for many people so that we can live comfortably without asking for financial help from others. We need to save money for our retirement while we still can. If we can invest to a profitable investment like real estates, crypto currencies, gold etc would be better, because later on those investments can lead to a possible profit.  Also one thing living a healthy lifestyle could save us money for paying healthcare providers.

You can assume that way if you fully know the venue of investment that you are taking, gold and crypto both are good venue
to invest if you will take time to study how the market works.

For some, they are aiming for properties, knowing that in the long run, the value will increase. Preparing for your life is always a good solution if you don't want to become a burden to others in the future.

Always do your homework in terms of picking the right venue for investment while saving portions of your salary.

It is true, it is very important to plan our future so that when we grow old there are things that we can use for important matters. But if you start a family at a young age like me, it's very difficult to save up because almost everything I earn from working in construction is enough to feed my family every day. But even so, my partner is able to save through his own work which is for our son's future. Even so, I still earn some money online then save for my family. For me diligence and determination are the only important things to save, because if we don't have it, we won't get the goal we want.

I guess your Uncle might not be the only one who is facing financial challenges at old age simply because they neglected the concept of investing at early age of their lives, which currently there are variety of options to invest, such as business, real estate and our own Bitcoin, and this should be a lesson to each and every one of us this day that as we enjoy our funds, also strive to save some funds for the rainy days/future.
However, having a good knowledge about financial freedom will be of advantage to helping you make the right choice at every moments, which is why we all should at least some strive to create time to read books about making money & financial freedom, and never be afraid to work hard today so we could enjoy the fruit of your labour tomorrow.

A long period of time Inflation has reached such a level that people are suffering from money crisis. If he earns $300 a month, he has to use the entire amount to cover his expenses, and some are borrowing extra money to meet the expenses. As hard as it is to save in such conditions, after a long time the saved money may also be worthless. Moreover, banks now offer very little money against deposits which will not be much when that is needed. So to avoid this kind of situation one should invest.

Investing is always risky. But a well-researched investment will make you financially free. Those investments will be well suited to spend the old age of life comfortably. Every person needs financial freedom for secure their life.

Everyone certainly hopes to enjoy their old age with good financial stability. But not all of us will have it due to lack of preparation or lack of economic ability that we have. Saving is of course supposed to keep them financially fit for the day, but they should prepare well in advance as long as they are still productive enough to make money.

Planning for a financially secure old age must have clear actions. That is, we must have assets that can provide us with long-term returns if they are investments, and also have good store-of-value assets. Fiat is not a good store of value even though many people believe it is safe, but gold and some other assets like bitcoin or others are also recommended to support this plan.

To be kindid it pains me when seing an elderly man begging around for survival, that's too ridiculous and bad for them to do at old age,but sometimes i ask if some of them where with children or not and sometimes also, some thoughts came into my mind if they had spent their youthful days in waste, but the real fact we must get here is that we will all get to such stage in life and our today is a function of how it will look like in the future for us when we are old, let's save, invest and secure a better future.
We need to save money for our retirement while we still can. If we can invest to a profitable investment like real estates, crypto currencies, gold etc would be better, because later on those investments can lead to a possible profit.  Also one thing living a healthy lifestyle could save us money for paying healthcare providers.
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Now there are plenty of insurances that offers good plans in a lower premiums that can help for retirement, the earlier we start in paying the lower the premium we need to pay but be sure to only engaged in reputable insurance companies. It is good to have savings but once uncertainties happens it will be better to have some back up or insurance that can help us not to drain our savings and investment Incase there is a need to pay a big amount of money.

Once already in this situation it is good to have sidelines, there is always a chance to save as long as we find ways and dedicated to do it for our own and families benefits.

One should have a small roof over ones head during the old age and some finances to get their medicines and take care of their grandsons and daughter that is the old retired life.

Discipline, consistency, determination, perseverance and hard work are indeed important factors that must be possessed by everyone to plan and create a brighter future. It's just that sometimes it takes great motivation to do it. and also we need an insight in managing our finances in order to maximize effectiveness in the use of finances and the allocation of finances. so it's easier for us to save for old age.

I'm doing everything that can be a sidelines just to save money and support my family. Even if the body hurts, it's okay because all the hard work has a good destination.
I agree that we should completely do all of that ourselves. Because that will help to realize savings for the future. But you are right that without financial discipline it will not work either.

Now I'm over 30 years old and I have to try my best to have passive income, cryptocurrencies are a way that I think can lead me to get big profits, I'm patient and save a lot of altcoins assets because I'm sure there are at least 3 altcoins that I save can go up 100x or more in the next 3 years, besides crypto of course I have bought a rice field which I use to grow vegetables so I can get an income every 2 months.

A good way to have a passive income, if you can buy an asset in crypto and you have additional income from other sources, either
a stable job or a good investment.

There's always a good success when you keep holding and waiting for the value to rise, as long as you are holding a good quality project and you and not minding the cycle of pump and dump.

Preparing for a good future so when you get old, you have all the resources to finance whatever luxurious life you wanted to have.

Yeah right. without discipline in managing finances then everything will not work. Because the important point is when we have made a plan, and then we carry out the plan with high discipline.

And actually if we are married, the role of our partner in supporting us in financial management is also an important thing that can be relied on. But that applies if our partner also has the same thoughts about planning for old age. But if our partner is not good at saving then sometimes it can be a problem for us. because when we save with all our might but our partner doesn't do it. it will also be difficult for us to be disciplined and successful. The point is to start by trying to align our intentions and goals with our partner so that they are the same. or we have to teach them how important it is to prepare early on financial matters for our old age.

I agree with your points about preparing for financial stability in old age. Investing in commodities like Bitcoin, gold, and real estate can provide long-term benefits, while having an autopilot business and teaching your children about responsible spending habits can also help secure your financial future. It's important to plan ahead and not rely solely on working until old age, as the job market can be challenging for seniors.


It's great to see you actively looking for ways to secure your future. Investing in cryptocurrencies can be a good option too although it is high risk and has a high value return process. like in a bank the term savings deposits. I like this point "I have bought a rice field" you already have tangible assets such as rice fields which can provide a steady income from the investment. at least in a year there are 2 to 3x harvest. That right decision i think, A classic blend in modern life.

Discipline, discipline, discipline... the financial mantra, right? But come on, who truly relishes penny-pinching? Yeah, future planning is vital, but what about the here and now? Can't we indulge without remorse? Partners and finances? A different beast. A money-wise partner? Fantastic. But what if they're not? Do we dump our ambitions, surrender to their spending?

Navigating relationship finances is like solving a cryptic puzzle. Compromise, dialogue, and boatloads of patience are needed. But remember, your financial aims matter as much as your partner's. Find that equilibrium, folks. Believe me

Hehe, nice plan mate, I am also over 30 and I cultivate my lands for cocoa farming, that's where I get most of my money from and I have invested a lot into Bitcoin, I still sold a land to get 1 Bitcoin at 17,000$ months ago and if such opportunity comes up I will sell more, it's good to work very hard when we still can before we get older.

I am living a comfortable life now because of my parents, they trained me since the age of 10 I know a lot about farming and planting seeds, I have banana and plantain farm aside from my cocoa farm, it's a shame that many farms at the same age range like me don't want to have anything to do with Bitcoin, I mean I teach them but the interest is not there at all and since I can't force them I decided to stop lecturing them, ignorance is indeed a big disease.

All of a sudden he has reason enough to be silent and upset.  Because at this late age he has to think about how to manage the family. It is normal for such times to come in people's lives.  Maybe currently you are earning a lot of money and you are spending all your earned money to get by but there is a future. 

We should always plan for the future. Because no one but the Creator knows when life turns in which direction. Maybe you have a good job now but how will you manage your family when you may not have that job in the future for some reason. 
Or you are a healthy person now but when you fall ill in the future who will take care of your medical expenses and family management. 

Thinking about these issues, some part of the income should be regularly saved or invested in a site so that the saved money or invested money can be useful later in times of danger.

We need to be always prepared, because we will surely going old and if we don't have savings we will be in a big problem going old is very expensive you will suffer a lot of sickness because of our age we need a lot of money for the medicine and vitamins, we always need savings even now because we don't know when emergency comes.

Head's up sir, remember you said the below 👇 quote.

I am not totally against anyone who decides to invest in altcoins, though; as long as they know what they are doing, there is no problem. You should also at least have some backup plans so that in case your dream altcoin doesn't really do 100x like you expect, you could still have some other plans working out perfectly for you. Gradually accumulating Bitcoin on a DCA would also not be a bad idea (note: not an investment idea). I have seen and also had experience with some altcoins that, after 3 years, are not worth anything again; they are just shitcoins. Sometimes we can't really tell which altcoins have the possibility of getting pumped or not.

if you happen to hodl a lot of alts, make sure that you really keep up with them, in terms of developments and other things. because that's true, even if it is in the top 10 today, it can go bad for them in the future. which means, they can be abandoned by their respective devs making them go down in crypto's history. so yeah, there's no problem holding a lot of alts but you should not wait for years before you check them out again. because that would be a disaster in your portfolio. also better invest in some tangible assets that you can afford. don't go all in in crypto.

It is very good for us to plan now that we might be young or a little bit older to prepare for when we finally get old when we might not have the power or energy to explore and do things in our own way just like the way we used to do it.
 We need to make us of our youthful age for those that are still coming up so that the end life shall be meaningful and it will not be the time we will be struggling for what to earn or how to make life stable a little bit for us.
Bad things are really happening to old people especially those ones that do not plan there live when they are still strong to make things work for them.

You see, this was why I said, "I don't really bother myself about those who already know what they are doing or how to go about their Altcoin investment," but there are some people, crypto beginners, who just spread their funds to Altcoin, where they sometimes cannot keep up with checking updates about the project or not, and some times they don't buy at least some tokens or coins that are likely to be worthful in the future, they end up with some shitcoins.

like I said earlier @AmoreJaz, i have also had my experience with altcoins, and I can't really say I made a hell of a profit with them. Either it has done the x50 or x100 before I bought them, or after I have sold them before you can see some pumping. I have some crypto friends, and most of them are altcoin lovers, but for a long time now, they have not really invested in a token that has earned them 100x. So, I just got the orientation that dealing with altcoins will just turn me into a big dreamer, and who knows how long I will keep living in such dreams that one day I will get lucky and one altcoin may blow me where as it's just some high hope that is unlikely to happen.

Many people understand that they will grow old but do not have good preparation for welcoming old age, they are busy with hobbies or pleasures that make money easy to lose, for example someone who likes to replace new cars then you can be sure that old age will be full of regrets, it's better to buy things of continuing value such as land, or property.

You cant go wrong on holding top 10 coins in the current market as of today, 3 or 4 might be replaced or dethroned but at least you do still have 6 or even half which it would really be still that worth on holding for long term but of course when you are still on young age or lets say 30+ and dont have family or even earlier which it would be ideal on saving up as much as you could and holding out for long term.
If you are that something plays around 40+ then its still not that too late because 10 years run in crypto space might really be giving out the chance for you to have a financially free kind of living or status.

On the time that you do gets old, then you wont really be making yourself that getting worried if ever your children would be taking care of you or not.In some countries then if you do have that retirement then you could make yourself placed on a shelter but in some 3rd world countries on which it is most likely you would really be that definitely just ignored and rejected.
If you do live up on these places then its better to have advanced plans on the time you do get old.

This kind of people are at an early age. I am not old enough, but this is really what I've done in my early age. I do like parties, drinking hard, and not thinking of the future, but right now I do regret it because imagine if I spent it to build a house, for sure I would have a house right now, or buy appliances, then I wouldn't need to buy one right now. When you are really old enough, you are now always thinking about what will happen to you when you are old, so it makes you wonder, and now you are going to work hard just to save for your future and that of your family as well.

I like that idea where you hold numbers of assets especially those top assets from the market, yeah it's true that there are chances that some of those assets will be dethrone and might forget in the long run but most of them might bring huge profits knowing that the strong bull run most of the time bring the hype to max and provide a huge amount of profits

It's more on how you project your investment and how you trust your understanding of how the market will move forward,
keep it in mind that future is not ours to conclude but we can always prepare while we are still young and very capable of saving and invest.

Do we only talk about altcoins and forget about mentioning that Bitcoin is the first coin to be in one's portfolio even before thinking of adding any of the top 10 altcoins, of which a lot might turn out to be shitcoins in the long run?

Some of these top 10 coins we talk about just managed to get there after some promotion or paying to be added there. Let me explain this: I had a friend who worked as a moderator for one altcoin project in the past. Although the project is about two years old now, I cannot say that it is doing fine because the price now is $0.04 per token, but when it got listed, it was trading for about $2. So, this friend was working with the project as a moderator and was receiving a lot of DM from some promoters. They were saying they could help him promote his token to be on the top 10 coin in Coingecko and some other platforms like CMC, and they said they would show him they were capable of doing it, so they made a coin to go on the top 10 coin within 24 hours, and it was my friend that asked them to promote the coin and prove to him they could do it.

So what I am trying to say is that most of these top 10 coins only got there by chance, not really because they are cool to buy, but I am not saying that all may be so.

this is more than just a spell for me. Even I have managed to build a house for my family. Because I hold the principle of discipline in managing finances consistently.
and come on guys being disciplined doesn't mean we take away the fun. even I still actively bet in games and buy things that I like. I even occasionally go on vacation with my family to the beach and places I want to visit. it's just that everything is well organized and managed. so there is a limit in spending adjusted between for pleasure and for savings and for investment.

this is the importance of managing finances well. so that we can keep having fun and also keep building a better future at the same time.

Traveling jobs offer plenty of fun for bachelors, but if you're married and have one of these jobs, your wife and children won't really feel your love because you're never there, Considering that it will be fairly expensive, and if we only want the best for our children, why not send his daughter to another good school instead in that same region. And it might  sound difficult  to save but it helps just that in an economy  like this is not really  easy. Additionally, saving may seem challenging, but it actually helps because it's challenging in this economy. I used to know people who used their funds to build houses and buy vehicles, but now days it's getting harder to make that type of journey. But even at that always have some savings no matter how little.

Like it or not we will go through old age, many people are not ready to face old age, they are carried away with income when they are still productive, so when old age and income are not like when they are productive they start to think and regret, many parents have to work hard become market laborers, or construction workers, so we have to be prepared from now.

Your uncle's situation is unfortunately not uncommon, and it highlights the importance of being prepared for unexpected financial challenges and economic downturns. While diligence and frugality can certainly help in building a solid financial foundation, it is also important to diversify one's income streams, invest in a diverse portfolio, and seek out opportunities to increase earning potential.

I face so many temptation everyday, so it is really hard for me to get prepared for getting old/retirement really hard. I find it possible to make a money pillow for unforeseen situations, but I find it hard to create so huge pillow, that I can be ready for unforeseen situations for many ages. In my country, people are retired when they are 65+. Starting from 60+, it is hard for them to find a well paid job. So their life saving, probably bigger part, are spent during that period during 60+ to start of retirement. It is really hard to prepare for old life financially and morally.

yeah, I also experienced the same thing. however, like it or not we need to force ourselves to find additional work for our old age, especially when the salary we have is not that big. Personally, I currently have the goal of preparing assets for old age. it might be like a house investment that can be rented out per room, like an apartment. yeah, but for now I'm still saving and working in a few places, I even put my digital assets on hold for that.

when we are young, there are many preparations that we have to make so that later we can live in peace when old age approaches us, but we also have to know that God has arranged our lives well, and we cannot change this, but we must also try to later we can get everything we want, when we are young we have to be active in doing every job and when we are old, we just have to enjoy it without the slightest complaint.

Investment is by far better than ordinary savings just like you have said but it's not everyone that have the potential to invest. Some are always scared of losing their money and due to that they fail to invest. To be financially free at old age, one need good investment that can yield on daily basis.

After certain age people turn to be dependent on their kids or the close ones for their financial needs as well as for their mental support. In my country there is a saying aged people turn to be kids after specific age and they should also be cared same as one cares a child. Another thing is the health condition, earlier even the aged ones stay healthy and now scenario is different.

For many other reasons aged people need to have some pension fund or retirement fund kept aside to meet all the future needs. Atleast going through OP users will think of it start working on it. Beyond certain age the opportunities shrinks. So, when we have got possibilities we need to make use of it and keep everything organised for the future.

Investing and saving are two things that any man should build if he wants to have a secure future because life is unpredictable. Don't stop looking and don't pass up any opportunity if we find it. Don't be too fanatical or conservative, just focus on one thing and ignore the golden opportunities.

If we are 30 years old then it's time to stop useless habits such as shopping for important things, tours, traveling, culinary and so on, it's time for us to use all the money for investments such as buying land, gold and so on, if we don't do it now then we will regret in the old days.

Investment should also not be in any place if you want the amount of money to increase, because every investor will definitely see which asset has experienced the most increase in value and also an increase in demand so that it will be used as the main goal for investment. But in this case I will not make a comparison between investing and saving because the two are fundamentally very different things, the very basic difference between the two lies in the risk section.

Someone can save slowly to make more money, while an investor who uses his money to invest will automatically have a risk when he has made an investment even though it is in a place where the security level is much greater, meaning that every investor must be very aware of this because they must not forget about risk just for the purpose of gaining profit. Well, this is of course very different from saving, which basically aims to collect money every month, because if you only save once a month, that's called saving money for a while, not saving like what many people do in general.

To run an investment initially also requires capital and that of course can only be carried out by those who already have savings. So in general saving is also a very important thing even though it is very different from investing, besides there is nothing wrong for someone who wants to save every month to reach a better old age while investing in more valuable real assets and also cryptocurrency assets which is much better. That is, savings are the basic order that everyone must have if they want to make an investment to organize a better old age.

The point is that there must be a plan from the start for where the savings we have will be taken and of course investment is a very appropriate way to prepare for life when we are old.
maybe everyone knows about the benefits of investing, but not everyone has the courage to do that because of the many haunting fears, because at this time there are many investments that are actually detrimental. things that need to be known in the investment that will be made.

and for savings, I think there must be regardless of investment or not but savings must be available for many unexpected things because in life there will be emergency costs that need money as quickly as possible, and therefore there must be savings.
In my opinion, savings and investment must be separated into different, both are very important for the future.

The point is we have to maximize every opportunity we get when we are young. We have to work hard, save money and invest from the time we are young. because when we are young we still have a strong and healthy body to work very hard. but we have to remember when we get old our body is not strong enough to work and of course we want to relax more in old age.

Allah SWT has indeed determined the destiny for every creature. but Allah SWT has also given strength and choice to each of us so that we try harder to achieve what we want in the future. In essence everything will depend on what choices we take. Be lazy or be a hard worker. to be extravagant or to be diligent in saving. all depends on our choice. because God has given us the power to be free to choose.

When I get the pinnacle of success because I have done true financial discipline I will definitely be as successful as you guys. I can also do what the financially successful do. But right now, I have to fight the obstacles in order for me to fully achieve that discipline. It's also right that my partner and I should talk properly about things and things to do in order to have good results in the future. It's really hard to be the only one exercising discipline especially when it comes to finances.

Talking with your partner and discussing everything is very important. Because we really have to manage finances well together with our partners. So that everything will be lighter if done together. But talking to your partner is sometimes not an easy matter. Sometimes we and our partners have different opinions. so that was where the obstacle that I had previously gone through and needed patience until finally my partner understood and started managing finances well together.

Many people are preparing well and even for their children and grandchildren, with business and investment, of course we can make old age happy, but if we are still working with a monthly salary that is only enough to live a month then immediately do big things to prepare for the future, If we continue to fall asleep with a monthly salary then old age will be difficult because it does not have income.

Sometimes my partner and I have a misunderstanding, especially about finances, because we haven't learned enough about how to budget money. There were times when we bought things that destroyed our financial budget, but because of this experience we had more unity on how to save for our future. We are also able to save little money, but it will be a big help if we continue. So I can really say that what you are planning will not work if your goals are different, it is really right that each one has need understanding and patience.

The older indeed job vacancies for us will be more limited because currently every agency that needs their employees will definitely determine the maximum age age for the participants, so while we are still young use our lives well for massh work so that later in old age we just enjoy the results of the assets we saved when we were young, For us crypto users, investing in Bitcoin now is the right time because when old people disappear, Bitcoin will be higher and we are old, just enjoy the results without having to work hard like now.

Well, life happens, no single person on earth plans to be poor

Everyone is trying to live a good life, maybe some are not trying enough but certainly, no one is comfortable being broke or not having enough to eat

Some people work so hard only to end up making just a little money, not even enough for present consumption, talk more of saving for the future

So, I think we shouldn’t blame anyone at his old who still struggles to feed, only if he/she had the opportunity to be better while still young and he messed it up

Your uncle's case is a prime illustration of this. Despite his effort and frugality, he is experiencing financial difficulties owing to factors beyond his control. It is critical to remember that our financial condition may change suddenly, and we must be prepared for the unexpected.

Making and sticking to a budget is one of the finest methods to plan for the future. We may develop a financial safety net to assist us weather unanticipated problems by living within our means and conserving money on a regular basis. Additionally, long-term financial planning, such as saving for retirement and investing in assets that will increase over time, should be considered.

at this time when this are so unpredictable we are not sure whether we will get old or not die young
one should have a good life and have some savings for a better old life.

So it is better to start saving while still alive because we will come to that point. It is important that we leave something to our loved ones that they will definitely benefit  like a house and lot, a small businesses and ofcourse money. But if they learn the importance of crypto in finance it will be even better. Because they are the ones I can leave my assets to if I ever disappear from the world.

but you should make sure that they knew how to access it or where because it is still useless if you are only the one knew it and they can still access it . We cant really predict death that is why you should be prepared to tell  your love ones that you own it. Having a house and land is really the traditional way and it is very useful to our family or children if they inherit it that is why most people right now are really working hard to buy those so that they can give it to their future childs.

Talking to your partner is easy but persuading her to be disciplined is almost impossible, especially when it comes to finances. I have experienced that phase and have to admit that sometimes giving up persuasion is much easier and more effective than changing her mindset to be disciplined on finances or anything. Saving enough for the old age is a privilege that one can strive to have no matter how lowly he or she might start. I am not going to details into managing finances in this thread but the most important factor here is discipline and consistency.

The biggest problem that can await us in old age is mental and physical weakness.
In the absence of these problems, we will always be able to provide ourselves with an acceptable necessary income.
Yes, and the most important thing is that you need to get used to old age from youth - by forming diversified financial savings, passive income systems, investments, etc. Otherwise, the road to old age awaits us, where on the threshold of old age we will be with "empty pockets", and this will already be a real problem.

Old age is of course different, in my place people who are 65 years old are still actively working in the fields or are fishermen at sea, but we must always think that old age is a happy time and it's time to enjoy passive income, and the best thing we can do right now do is invest in bitcoin.

I always find stories like these strange but very real to many people around the world. This person sounds like they had or have a big income, so should definitely have been able to build up a pension over their long career. What on earth were they spending all their money on in that time or have they got ownership of a large expensive house in lieu of any other assets? Some people have a large property which they can then downsize on when retiring, to unlock a lot of wealth. Most jobs these days have some sort of pension scheme, so maybe he has that in the background and it will cover at least a base amount each month so they can live frugally if not the same opulent lifestyle as before.

Older people who are still working in the fields and fishing in the sea at the age you say are those who do not have passive income and also have never made investments in the past which may be hindered by their own abilities. And now they still have to continue working to fulfill their own needs without thinking about investing and enjoying their old age with their children, so don't equate these people with young people who still have time to make investments they like now.

And I think you are also one of the young people who still have time to think about investing from now on as long as you haven't reached the age of 65. Especially if you already know so many places for investment as well as the best products and assets that are suitable for your own future investment.

Yes, that time will come in everyone's life. But the point is how much role we can play in thinking about that position. I am now able to work due to which I am not facing any financial problem in my life. But when i won't active due to older age I will become helpless. At that time we will need financial support. Many may talk about the pension advantages of the job. But not everyone gets pension advantages after his working life. I have seen many private jobs with no benefits. You get nothing out of it if you lose your job. Apart from the monthly salary there is nothing extra available. Changing that situation requires long-term planning.

Somehow he already knows how to use my online wallets. Because most of my wallets already have biometrics and their fingerprints are also registered. They asked me before what the apps were for and I explained that I would store assets or a wallet. They are just surprised why there are values ​​and how to make money. I said just follow what I'm doing and you'll learn more.

Let's be different, right now I haven't built a house but I have land to build on. I plan to build a small business first so that if we're lucky, we can build the house we're planning. Just save while you're still strong, work in the morning work in the evening. They say that only perseverance and hard work can achieve what you want to achieve.

I admit that it is not really easy to persuade our partner sometimes it even causes trouble. But if you can calmly explain the benefits it will bring, it will definitely make him think about whether or not he should start being financially disciplined. But right now because our son is growing up, we are really focused on saving money, especially since we don't know how far our travels in the world will take us. So it's really important to be the same and have discipline, these are the things that need to be learned and the result is the desired success.

All the people present at the forum are divided into two types, these are those who are officially arranged and will receive pension payments.
And those who are not officially organized, or even full-time engaged in cryptocurrencies. It would seem that it is quieter to live first, but in fact it is beneficial to the state that you live a minimum time in retirement.
Therefore, you need to take care of yourself. To do this, we can only do one thing - now we are working hard to increase the deposit.

The majority of women are more thrifty than men so you just have to wait for the right moment to talk calmly to discuss finances in old age, I think he would suggest it is better because the soul of a mother will think about the future of her child and the future with her partner to live happily when old age Even if you are some type of woman who likes shopping but there is no more money for monthly savings, so you have to think of ways to persuade her to reduce excessive spending and invite them to communicate about how their next life will be if their income decreases, and what things are prepared for financial management for life which is better in old age.

I do ask myself some questions now that I am still young in how my old age will be. Government work had looked like it has a future but to me I don't see a future in that because of the way we are getting enslaved by working and nit getting paid in the right manner we need to be paid and giving us the assurance that we are going to earn well when we retire and about to die.

The system is very corrupt in government aspect so I don't think that government can give you insurance or give you a cross so whatever thing that is happening in government right now is fake none of them is legit or none of them is relative any government official is looking for work in order to enrich it pocket not to make another person to be rich so that is one of the things that is supposed to understand in government

Preparing for life as we get age we need to take care of our physical health by doing exercise regularly, eating a balanced diet, getting enough sleep, and staying up to date with medical check-ups. We need to do as well financial planning because it is important to plan for our retirement and ensure that we have enough savings to support ourselves in our later years. Maintaining social connection for our mental and emotional health. We need to stay connected with friends and family to have an active social life as we aged.

but for sure those old fisherman wants to already rest but they cant because they dont have money if they will not do it. That is really the problem if our source of income in just small and just enough for our daily needs and i am worried about my self too that i am getting older and i dont have an investment for my old life that is why there are like insurance program that was backed by the government that you need to do monthly payments so that in the future it can help you.

Not all women are good financially because they need more cosmetics and many hygiene products for herself , I agree more with our men because we can still save but for them it's a bit difficult. But there are women who are simple but financially rich. Most of them are businesswomen who are thinking of growing their finances. My partner is not like this, but he has financial discipline and he can limit his needs so that something can be added to the budget. Now  me and my partner have savings that can somehow be used when needed and will grow even more while we are still strong  for our old age there is something to use and leave to our loved ones.

One factor to take care of yourself is to maintain your physical activities and maintain the right diet to balance both mental and physical
aspect of your life. As we are getting older those factors are needed to address to allow you to possibly extend your life existency.

Indeed, financial planning will also covered your expenses, expect that when you are aging there are lots of things that you needed
to maintain most of it will be for your vitamins and all those supplements and foods that you need.

Very important to keep yourself active, maintaining the connection and grow old with your friends and family also increase your hypes
to stay a healthy living.

I too am thinking the same thing right now about preparing for old age. And especially now I'm thinking about taking more care of my health so that I can stay fit until I'm old. because these past few days I have seen my co-workers sick and that makes me think that financial planning cannot be carried out if we are not healthy. so that health seems to be prioritized or a priority in our lives. Because if you have a lot of money but you are not healthy, you certainly won't be able to enjoy that money for pleasure.

Todays era or years on which adults become elderly have does that lessen life duration or age on something with the current lifestyle then people should be thankful on reaching out 70+ but of course there would
really be some other places on the world which its citizens does have different life style and culture which does affect life longevity which is something that differs or even on personal aspects.
It is really just that right for you both husband and wife to be mindful about your life when you do gets old.

We know that our children would be having their own families and would be leaving you behind which it is already that anticipate or really that expected. When it comes to finances then you should
really be that get prepared for that condition because not all the time we do really have those back up plans on the time we do get old or simply being that neglected because we do
give out all on the priority of our children. Well it isnt bad because we do live for supporting and make them live but we should allocate some time and finances because we arent
all the time having that stable or conditioned body as the years passing.

It seems to me that an adult man, no matter who he is, if his hands and feet are intact, can and should raise his family, there is a lot of work online and offline, it is also diverse and you can choose any sphere, and with such experience as he has, everything should work out.

A kind of decision that needed to address while you are still young and very capable of budgeting yourself. If you want to have a better life, both physical and financial, it's about time to make things possible. With good credit capabilities, you can achieve your dream life. After 
working in a 8-hours daily life saving enough percentage of your monthly salary can help you to establish your financial capabilities either to just save your money or make a good investment that will grow and give you a decent life ahead after your retirement.

opportunity might not come twice if it's age related. And I don't want any regrets in old age. That's why it's important for us to work harder and prepare financially and physically healthy since we were young. So that when we are old we have financial stability or maybe financial freedom and also I hope to stay healthy until old age.

My investments are now divided into two, namely health investments (exercise diligently, eat nutritious food and maintain adequate sleep patterns) and also financial investments that I spread across several fields.

Unfortunately, we can't anticipate what path life may take us.  Excessive thinking about things that may happen in the future can be an obstacle to living our daily lives now in a normal way.  Perhaps it is better that our interest in this advanced period of our life is not exaggerated, because it is often not possible to predict what might turn out without us having an account of that.

that's why it's always essential investing from the very early phase of our life, having so much money when old age is just better than having none after all, we all know that everything needs money nowadays.
that's also the reason pension fund is really important, it could quite literally give us assurance that in our old age we will have money for ourselves as to not burden the other but here's the thing are you sure you gonna live until you reached more than 60s because honestly there are many that died at their early phase of their life so beside saving for your retirement age you should also enjoy your life while you can, spending leisurely so long it's still make sense is not wrong. after all, life need to be enjoyed.

Many people are afraid of facing old age not because they don't believe they will grow old, but they are afraid because in old age there are many things that cannot be done because of a weakened body, reduced memory and susceptibility to illness or illness, if we have unhealthy eating habits then immediately consult a nutritionist so that in old age you don't often get sick, besides that preparing finances by seeking passive income is very important.

Life is very strange. From birth to death, each of our lives is a battle. The name of this war is competition. We have ups and downs in life. We spend money on the children of our own family thinking about their future. But we do not teach them how to save money, not to spend unnecessarily. I only care about their studies. And not to mention their religious values. We need financial success for ourselves before we grow old. People are always changing. There is no guarantee that those we work hard for throughout our lives will look after us in our later years. So each of us should think about ourselves and keep a good financial arrangement for ourselves so that even if we can't work at the last age, we can pass the life fairly. And if anyone is thinking that he will work in his late age, I think it is totally wrong idea. This world is competitive only strong people can survive here. So we should think for ourselves and keep ourselves financially sound before we die.

That is what most people don't get. You work for your retirement, not only your salary. Delayed gratification is hard, but it pays off.

When we are productive then we have to force ourselves to be able to save and prepare for retirement, calculate the needs if when we retire with our wife then we have to do it right away, the other most important thing of course is preparing an investment or business that will be a source of income when we are old.

I would not count on only one pension because anything can happen to the fund over a long period of time. I am working on a strategy for myself and additional income that can help me in the future and I do not have to have only one source. The earlier many people understand this, the more likely they are to have at least some savings in old age.

It is better to save for old age security because at that time a person becomes unemployed. If you save for the future, you don't have to be dependent on someone in old age. You can use everything as you wish. Usually parents are dependent on their children in old age. Parents are affected by various complex diseases in old age. If the policy makers are not alerted in advance to change this situation, there will be adverse reactions in their lives in the future.

If you can afford then its good since the more the better but mostly I've known like in government they only have paying one insurance for their pension in the future as it is already enough for them because for sure you'll already settle that time , your children is hoping helping you so it is better to like invest it into something like business or land or properties so that you can give it to you children and they can use it in all of your generations.

we can only try to do it in making money and then saving. whatever happens in the future may not necessarily be according to our expectations. learn from your experience it looks like money and family, it's good that family is prioritized especially if you already have a child. if we think of traveling far but only looking for money that is not even suitable to be carried into the future it seems very tiring. why not look for a small income but always see your baby grow up at least maybe he will pay for us in our old age.

Better understanding will let those people to start thinking about what will going to happen in the nearest future, preparing yourself
when you get old should always have that space from your finances.

It will help you to achieve good and stable lifestyle even you are no longer working, aside from your pensions early investments or savings will help.

Good thing to think about it while you can still find sources of finances to save up or to invest, so you don't need to worry
if what you need to do when you are already old.

it is a must, but not everyone succeeds in preparing for their old age, at least they have the younger generation to support their lives, namely their children. because I have heard that some people work hard for old age also does not guarantee they will be comfortable because money continues to inflate. I don't know how they actually prepared it. do they just think about piling up without thinking it will be eroded every time. i advise to save in gold.

Well I can't deny it because overthinking it might also be a kind of hindrance. because it will grow excessive fear of the future. and will disturb our thoughts and concentration at this time. You shouldn't think about it too much, but think simply and don't overdo it. prepare flexibly without feeling pressured. It means do as much as you can without forcing yourself. And sometimes not all of them can do it. And sometimes enjoying life in a flowing way isn't bad either. But it would be better if we have preparations.

Agree, everyone's degree is different. because the situation that cannot exceed this limit becomes an obstacle. and of course this is a good lesson from the people around us to anticipate more that does not match our expectations in the future. many parents who want a happy old age are different. I always try hard to manage my savings, old age savings, daily money, different budgets, sometimes I can't maximize it because something outside of a sudden

Because some of them did not have the same privileges that we do now, we can't hold the older generation responsible for continuing to labor into old age. They lack the advancements in technology that we do, thus they are unable to take advantage of the same opportunities.
We should draw lessons from them since we have witnessed their struggles. We no longer have an excuse not to start preparing for the future because we have the required knowledge, abilities, and access to cutting-edge technology. Savings should always be our top priority as long as we have the means to invest. In order to ensure that we won't depend on anybody else as we age, we must make this commitment as early as possible.

Making commitment plans at an early age is indeed very good, rather than having nothing in old age will be a regret. in because of the conditions that do not support. but today's youth rarely have the creativity to prevent something that is not wanted in the future. a situation from a lower family like mine has experienced desperate things because I have to work full time to make changes and there are many obstacles during the process

Imo, the best solution that can provide a kind of guarantee for the future is to rely on the social insurance funds that all countries provide to their citizens. In my country, for example, every person pays insurance expenses at least once a year, or deductions are made from the wages of employees once every three months, so that they get a fixed wage upon reaching the retirement age, which ranges on average between 60 and 65 years. The good thing about this plan is that you can pay as much as you want, and according to those payments, the retirement age wage will be determined; I mean, if your current circumstances are good, you can pay a large amount, and if the circumstances do not allow, then the little amount available can be satisfied.

obviously everyone wants to work as well as possible with the aim of being able to make money to meet the needs that are always needed in everyday life. I agree with you my friend, that trying to work and earn money must also prepare you to continue saving for old age when you may no longer have the ability to work but still have savings to be able to make ends meet.

but not a few workers have to leave their families to be able to support their lives. but I really agree if you can not leave your family, so that you can continue to raise children together, because the development of children must always receive more attention so that their growth and development can go according to what we want, but we can still work to make money.

Undoubtedly, it is necessary to save for old age, and if there is an opportunity to work, even purely as a side job in adulthood, it is good. It will be completely boring without work, plus you can provide for your grandchildren, give gifts.

The best part of our life is our old age or twilight years this is the part where we have accumulated a lot of great memories of our struggles, celebration, and pictures of our loved ones and younger selves but we cannot enjoy this if we are not prepared in our old age, we cannot retire from our works and struggle to work, if we have not allocated money for our old self.
We have to look forward once we reached the age of 30, by the age of 30 we have a good job and family and possibly good earning

I am in living in a third-world country and I have a lot of old people still working even if they are having a hard time working not because they love their job, but because they have to, for lack of basic needs.

Preparing for old age is something that must be thought about and must be done. But as you said not everyone can do that successfully. Sometimes what happens is not in accordance with the expectations we want because of things that are not planned.
But that should not make us give up, and try to live life without any purpose. We have to do hard work in order to realize the old age we want. Because we don't only think about ourselves, but of course we will have a small family that must also be happy and we guarantee its welfare.

We need to prepare now so that when we get old there's no need to worry about anything and everything. If you will see it is too early to prepare for things but then life is full of uncertainty. Having a good plan will also benefit those people around us and also our family. We should also need to learn to rest of course, as much as we work now we need to rest as well.

It's easy to say but not easy to do, our lives are not only about ourselves but also our families, parents, and children…a lot of things for you to worry about rather than thinking about the future when you're old. You can only save for the future when you have completed the above tasks, and that is not easy for anyone. I believe all adults know it's important to prepare for old age, but how to do that, that's the question.

in this times - life is so unpredictable - do you agree to it?
We should save only for the recent present and have a good recent life. Life changes in a jiffy.
In a minute it is turned upside down.
In a minute a poor become millionaire.

Well, just as you have said, savings and investment are two different things that one have to consider together for ones life and development. Some have to save some out of the little they earn before they can invest.

I would say - I am not sure if I will get old.
The health conditions most of us are going through I am not sure that I will be able to reach to the old age baracket

You never get old.
You just need to eat the right stuff, jump frequently per week, walk and do weight training. Climb and take Vitamins.
So far I'm in my 6th Decade.

live you life to fullest and earn as much as you could.
Have a good emergency fund and live in the present moment

Is preparing for life when you get old like preparing for death while you are young ??? ;D

8)

LOL this already made my day.
I think this is similar to "many people die at 25 and aren't buried until 75".
I feel those quotes and the word that you've used because it is somehow true for most of us.

Yes, I do believe it is very important to prepare for life when I get older. I do not want to be a burden to anybody and be able to still move around, have a healthy life, and be financially stable without the need of asking for money from my friends or family.

That is also why I am purchasing a life insurance policy so that my family is not stuck with my funeral expenses or any other bill. If I do not take these necessary decisions to prepare me for my later years, I will be miserable, not happy, stuck in a senior apartment studio bitter with my family because I am not happy inside.

I could not imagine myself being old stuck at a job where I will not be happy. So, my goal is not to let them down or have them worry because their father has a plan to also leave them financially stable.

Getting used to a healthy lifestyle and exercising diligently can indeed keep our bodies healthy even though old age will still approach us. Isn't the real dream of elderly people that they want to keep a fit body? And Financial is also important. but health and fitness is what it takes to enjoy life. I personally also started to make exercise routines on the sidelines of my busy work. Because I want to have good health until old age.

Absolutely #ThisIsTheWay :)
Jumping up and down is good for our grey matter ;)

According to the analysis of financial experts, it is necessary to save 70-80% of the annual salary to be able to enjoy a comfortable retirement.

Actually i haven’t thought about that till now.but it is very important thing  thing for old age

We all age. I have a nephew whose mindset would be older than my grand dad, (RIP)
It'll arrive sooner rather than later. The gen of 1980 already have a worse deck of cards dealt to them.  

I respect your uncle-in-law for his commitment and effort to support his family. I also understand his current situation and the difficulties he faces. I think you are right that we should always plan for the future and save for the unexpected.

However, I also want to motivate you and your uncle-in-law to have optimism and confidence. You have the ability and the potential to overcome any challenge and achieve any goal. You have the opportunity and the responsibility to make the best of your life. You have the power and the choice to shape your destiny and your fate.

Therefore, you should always believe in yourself and rely on your skills and talents. You should always remember that tomorrow is not guaranteed, and that every day is a chance to learn and grow. You should always be thankful for what you have, and not worry about what you don’t have. You should always seek advice and help from others, and not isolate yourself or give up.

You should also always strive to do good and avoid evil, as this is the meaning of your life. You have free will to choose between right and wrong, and you have values and principles to guide you. You should follow your conscience and your intuition, as this is the way to happiness and fulfillment in this world and beyond.

A most difficult trial is the one who takes the first lead because there lies every tendencies to fail as no lessons thought, no experiences and no references to heed on.

We should appreciate those facts that we have point of contacts about where we could have chances to reshuffle with every tendencies of making it right in our times because we would had learnt from those affected at the past.

Your believe that there is still enough time to waste or spend unproductively before setting the pace on the right tracks would always yield you a biased where you will see yourself at no enough time to getting to the heel as earlier or anymore as thought.

The importance side of being financially stable at a young age is to pave you enough muscles and an insight to view and structure your ending (old age) where by you have to create yourself a medium of incoming finance for a lifetime that would require you stress less ness at you aged time to handle.

Zeals and considerations to aim in order to have an aging financial structural designs are>>>
1) How long would your savings serve you
2) Your youthful hustling momentum depreciate so you considers alternative survival you can handle in your aging.
3) Considering to remain responsible to your family
4) Means to lessing your financial demands from your up grown children as they would or have got their own family taking care of.
5) Your need to save more and spend less at your aged time to pin down something to be inherited my children or the family

Above all, you need a relaxation while the finance flows on whatever values as an income while time counts.

I have a cousin that also a sailor in which related to what you are talking here but He had invested for his own while in the ocean , not all of His money goes directly to His family instead 30-40% of all his earning are in His pocket(invested in different places like crypto and stocks)
so now that he turns 50 and need to stop being a sailor? he has his own money to start a living with His wife since all his children are already having their own life now.