How is financial stability defined for you?

[Furious 7]

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

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[harapan]

What's your take on this?

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

[Oilacris]

What's your take on this?

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

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

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

[Peanutswar]

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

[Pierre 2]

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.

[sesterceshop]

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

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

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

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

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

[xSkylarx]

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.

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

[Accardo]

I think that money is a means to an end, not an end in itself. Money can provide security, freedom, and opportunities, but it can also bring stress, greed, and envy. 

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

[KaizenJujustsu]

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

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

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

[Gladitorcomeback]

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

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

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

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

[summonerrk]

My version of financial stability is when I'm able to go through economic turmoil and not be too bothered by it because I can ...
 take advantage of several opportunities that exist so that when one of my businesses or jobs is disrupted then I still have others and do not feel deprived.

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

[Furious 7]

My version of financial stability is when I'm able to go through economic turmoil and not be too bothered by it because I can ...
 take advantage of several opportunities that exist so that when one of my businesses or jobs is disrupted then I still have others and do not feel deprived.

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

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

[CryptoHeadlineNews]

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.

[Maslate]

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

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

[pawel7777]

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?

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

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

[Oasisman]

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.

[Vishnu.Reang]

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

[bayu7adi]

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

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

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

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

[YUriy1991]

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

[uswa56]

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

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