How is financial stability defined for you?

[Sanitough]

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

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

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

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[Ayers]

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

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

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

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

[AnonBitCoiner]

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

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

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

[alastantiger]

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

[Fredomago]

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

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

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

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

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

[Quidat]

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

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

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

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

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

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

[pawel7777]

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

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

[serjent05]

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

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

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

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

[JeffBrad12]

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

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

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

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

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

[lienfaye]

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

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

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

[icalical]

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

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

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

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

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

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

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

[dothebeats]

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

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

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

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

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

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

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

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

[serjent05]

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

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

[romero121]

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

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

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

[Jatiluhung]

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

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

[adiksau0414]

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

[marcous]

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

[Wong Gendheng]

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

[Adams0001]

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

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

[Kadal Ijo]

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