“You don’t spend money now, you can’t spend after you died”

[BuNga_cute]

I don't agree that it's a good advice. People shouldn't just spend without saving money. If you don't save a good amount of money, your future could be under danger. One should always be aware of this possibility when spending their money. Of course, I don't say a thing like "You should spend a very little amount.". You just need to plan your actions not to regret after.

Our future depends on how we manage our finances, I agree without saving money, our future can be dangerous. Therefore, there is no prohibition
against spending money that comes from the results of our hard work. But we must be able to spend the money we have wisely, don't just focus
on happiness now by buying something we want. We have to get used to saving some money from our income for our future, if we don't do it now
then it will be too late.

[ziyaaa]

I know that we won't bring our money to our grave in the end. But it doesn't mean that we should spend continuously rather than accumulating a lot. We shouldn't only think about ourselves. We should think about our future kids too. Even if we die, we can bequeath our savings to our kids and help them have a better life.

[Kakmakr]

Totally agree. Hustle hard then enjoy. Do not deprive yourself. Instead, find time to reward yourself, whether it is something luxurious or travelling around the world. As long as your happy and with the company of your lovedones. Better be wise in saving and spending your money. Of course it is also important to save for retirement but we must also enjoy life. we cannot spend money after we die, so better live your life to the fullest. There must be a balance between enjoyment and saving. you must also share your blessings.

It is a mindset like this that are pushing the debt statistics in this world. A lot of people do not save for their old age and they become a problem to the tax payers for the future. I travel to Africa a lot and I see poverty all over these countries and most of them are being supported by their government. (Social grants)

The "what IF" always come to mind, when I look at scenarios like this.... What IF you survive Covid and you live to the age of 90? (The odds of that happening is bigger than you not surviving it)  

[kayiboyu]

I don't agree that it's a good advice. People shouldn't just spend without saving money. If you don't save a good amount of money, your future could be under danger. One should always be aware of this possibility when spending their money. Of course, I don't say a thing like "You should spend a very little amount.". You just need to plan your actions not to regret after.

Our future depends on how we manage our finances, I agree without saving money, our future can be dangerous. Therefore, there is no prohibition
against spending money that comes from the results of our hard work. But we must be able to spend the money we have wisely, don't just focus
on happiness now by buying something we want. We have to get used to saving some money from our income for our future, if we don't do it now
then it will be too late.

I agree. The most important thing here is to spend our money and manage our financial condition wisely. If we spend an amount much more than we can make up for, it may cause us to have serious financial problems in the future.

[Renampun]

It’s the best financial advice, covid is the marketing keyword to remind you, if you don’t spend every last penny in the wallet, you can never have a chance to spend that again. Spend until you drop you plebs!

what happens next to you, when you spend all your money during this pandemic? can you still live?

this pandemic period is a time where everyone should be able to use their money as much as possible and don't spend it on things that are not important. think about your family too because if you spend all your money then what will their life be like, I say this as a mother

[imstillthebest]

It's a good advice to avoid limiting your self when you have an urge to buy something but not the best because there are times where we need money more importantly like when we are hospitalized because of accidents or something that requires a higher fund .
The solution for this is saving money early .
we might not spend the money that is left when we leave but it can be used by the people that are close to us .

[shield132]

It’s the best financial advice, covid is the marketing keyword to remind you, if you don’t spend every last penny in the wallet, you can never have a chance to spend that again. Spend until you drop you plebs!

How it can be the best financial advice? If we follow that logic, then there shouldn't be a second for our wallet to be filled because no one knows what will happen in seconds, anytime... You can die anytime if something very bad or very unlucky happens around you. Instead, people shouldn't think about that and overall, people shouldn't think short-term. Always, long-term thinking is the best advice. Personally, I prefer tomorrow's chicken over today's egg.
I guess that kind of thoughts aren't considered mentally normal and healthy. You don't know when you'll be ill, when you'll have a need of money and I believe you aren't that selfish to only think about yourself in this world and just ignore the parents, friends, relatives, etc.

[Rruchi man]

It is better to say we should enjoy our money while we still plan for the future, not eating everything now and making the future difficult. If you spend all the money you have, you may even die from starvation or depression when you no longer have to spend, so everything should be done in moderation.

[geegaw]

I don't agree that it's a good advice. People shouldn't just spend without saving money. If you don't save a good amount of money, your future could be under danger. One should always be aware of this possibility when spending their money. Of course, I don't say a thing like "You should spend a very little amount.". You just need to plan your actions not to regret after.

Our future depends on how we manage our finances, I agree without saving money, our future can be dangerous. Therefore, there is no prohibition
against spending money that comes from the results of our hard work. But we must be able to spend the money we have wisely, don't just focus
on happiness now by buying something we want. We have to get used to saving some money from our income for our future, if we don't do it now
then it will be too late.

Agree, a few small restrictions on spending will help save a part of costs and contribute more to important jobs in the future but everything will need to be in a balanced circle, putting your own comfort first before offering savings, this theory is a simple algorithm for management but as a subconscious information most people have overuse criteria at a young age. They are thinking more about tomorrow's work and day satisfaction, instead of making more important plans for the future, they feel the need to spend more money

[Viscore]

It is better to say we should enjoy our money while we still plan for the future, not eating everything now and making the future difficult. If you spend all the money you have, you may even die from starvation or depression when you no longer have to spend, so everything should be done in moderation.

Spending money is not a mistake unless you do it wisely. You won't enjoy your life fully even if you spend all your money today. You will not just live for today so better prepare your life for tomorrow and for the future.

Investing is a good start to start living your life in a more valuable way. You will not just earn money but you are making your future financially secured and that will be the best feeling you will ever experience when retirement days come.

[Slow death]

I myself have asked this question over and over again:

Are these people who make hodl aware that life is short and that money is for buying things and living life?

what's the point of just doing hodl and in the end dying without using the money?

[Dread Pirate Roberts]

I know that we won't bring our money to our grave in the end. But it doesn't mean that we should spend continuously rather than accumulating a lot. We shouldn't only think about ourselves. We should think about our future kids too. Even if we die, we can bequeath our savings to our kids and help them have a better life.

you had good point here . when people are young they had highly motivated to become successful and rich, and when become older and maturity he wants provides happiness for his family and children . Rich or poor people always have a desire to provide the best for their families. wealth is not for yourself, share with family and others in need. thats why some rich people are not scared for doing big charity, they know money its not real happiness in this life.

[Kiley33]

"If you don't spend money now, you won't be able to spend it after you die." This sentence seems right, but if you spend all your money now, what will you do in the future? What will the family do in the future? It's better to have fun in time. You can spend money to buy whatever you like, don't spend money just to spend money. Wouldn’t it be nice to spend money to buy something you like and become happy?

[Vishnu.Reang]

I myself have asked this question over and over again:

Are these people who make hodl aware that life is short and that money is for buying things and living life?

what's the point of just doing hodl and in the end dying without using the money?

Average human expectancy is around 80 years as of now. So there is no issue in waiting for a few years, in order to get good returns. And especially with cryptocurrency, all of us know that it is currently underpriced and in the future there is a great chance that the prices may go up by 10x or even 25x. Those who want to enjoy their life can sell their holdings for fiat even now. But remember what happened to those who sold their coins previously. Without any exception, all of them are regretting about their decision. Want to join them? Personally I don't have any issue with that, since it is your money.

[Obito]

Why do you worry that you are going to die, remember that it's inevitable and worrying about only holds you back in living your best life. Don't go spending lackadaisically your money just because time marches on and death will arrive at your doorstep, be smart about spending and try to save so you can have your wants that are pretty expensive be bough because you have save money and you spend wisely.

[Rajamuda]

Be smarter, this kind of thinking is like showing despair towards situations and conditions without effort, even though there are still many good opportunities to continue living with the various profits. It's true that we can't spend money when we die, but it would be nice while living.. we use money as well as possible without having to think shortly.

Just enjoy our lives with various things that are still being done to earn money, and spend it according to the necessities of life without wasting it.

[Porfirii]

Not only after you died: the money you don't spend now will be worth less and less because of the inflation.

If my parents didn't buy their home for $40.000 more or less, three decades ago, now they would have just a parking space for that price. I don't know whether the real estate has gone x10 or the value of money /10, I guess it is a mix of both.

You spend: you lose; you save: you lose. You invest: who knows?

[Yamifoud]

You spend: you lose; you save: you lose. You invest: who knows?

That is a selfish idea. We save not just for our own but it is also for our family, you have brothers, sisters, parents...you can save them, not just yourself alone especially when crisis just arrive. The same thing we do why we have to invest.
The problem to most individuals is just to think of today, they don't think about it by tomorrow. That is why many got broke after losing their job because they don't save any, they don't invest, they are relying fully on their salary and spend it all like no tomorrow.

[Porfirii]

I don't see how my post is selfish. I am just stating an objective situation where the system is prepared to drain the savings from the people who wants to save for their retirement or their kids.

If my parents only saved the money instead of investing it in our household, or spent it in rental, now they would have almost nothing both ways.

Inflation is the tax for savers, I can see no selfishness in saying that

[dezoel]

You spend: you lose; you save: you lose. You invest: who knows?

That is a selfish idea. We save not just for our own but it is also for our family, you have brothers, sisters, parents...you can save them, not just yourself alone especially when crisis just arrive. The same thing we do why we have to invest.
The problem to most individuals is just to think of today, they don't think about it by tomorrow. That is why many got broke after losing their job because they don't save any, they don't invest, they are relying fully on their salary and spend it all like no tomorrow.

That is the case for me, I do not care about the money for myself because I know that I will not be rich quick enough to have a great life of my own, I accepted long time ago that I will not be able to make a living out of doing things I want to because I will not be able to afford them. So now I just save money, invest and try to get richer and richer before I die, doesn't matter if I die at 98 years old, as long as I can save money I will do it for my kid and if I ever have grandchildren then I want them to be happy as well.

At this point if I can leave behind a great life for all of them, that means I have achieved something that means that it will be awesome for them and I will be happy to die at that point. Which is why I am working right now, I am old fashioned guy so I think real estate is the best thing I can leave for my children, and for that I am working to get my first, it will be maybe another 10 years before I can even think about buying one, but I will not stop working until I get one.