Read If you are between 18 and 68 years old!

[Moneyprism]

when it comes to long-term financial plans, maybe most of the young people now have difficulty managing their finances ... but luckily I know crypto and stocks, so from now on I start managing a little of my income to reinvest in crypto and stocks in long-term

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[Reid]

With what the pandemic did, I think they do know how to invest now for long term preparing when they lose their jobs or they get old.
Somehow, it made us learn some lessons. That's one of the good side of that widespread sickness and giving more time to families who now works from home.
The frightening part is where will you put it. With so many options out there and cryptocurrencies being in the front of it, victims of being scammed is a high possibility. This is why I appreciate those who make video lessons for free. The help we could offer for them is finish their ads and be shared.

[Mpamaegbu]

I don't think we need such research though because it is obvious that between this ages, you should at least be successful or have financial plans already.

There shouldn't be a time limit to when one finds fulfilment. Life happens, and you should remember that most people have big plans and they work towards that but nature and real life issues may not allow them achieve that. It doesn't mean most times that those who are successful do things exceptionally to get there. Yes, smart people excel more than hard working lot. I've seen and heard of people who made wealth when they're past their prime and above 60 years ago. There was a case like that with a Nigerian musician – Fatai Rolling Dollars. He was even past 70 when he hit the goldmine.

[bitzizzix]

The age of 18 years is still far from long-term thinking and is still very young where we will find a lot of experiences that we must learn, especially life and work experiences that will determine our next life goals.
maybe at the age of 25-30 we have to plan for the future especially marriage and the future of family and children later, and I have thought about this before when I was not married to prepare for needs such as marriage, and subsequent needs after having children and all costs and also my old age later.
and I only rely on income from real work and also profits from crypto especially bitcoin since the age of 25 and for my future with my family, and I believe if I am consistent with the plan and always disciplined to live it with crypto my future and my family will be good -fine, as long as bitcoin or crypto exists.
because so far from marriage capital until my wife got pregnant and gave birth to bitcoin the problem is petrified and besides being good for the future we can use bitcoin as a reserve fund and use it when we need it most. And if not, I won't use it.

so in my opinion bitcoin or crypto is the right choice for the future and also as a reserve fund, it all depends on patience and consistency in doing so.

[Hydrogen]

Everyone should read a few books on financial planning. The statistics and basic information they offer are mind blowing and vital for life. Schools should adopt courses on these topics as basic curriculum. Youth can definitely get a headstart by educating themselves on financial plans. Not venturing into those areas, is like running a race with a late start behind everyone else.

There are so many people I see who are older than 30 who don't understand what a credit score does, or how it can affect monthly payments on their real estate, car or education loans. Many never learn the basics about finance or money, its like playing a game without knowing the rules. Many set themselves back by not knowing the fundamentals.

Its great how bitcoin and crypto have opened peoples eyes to the opportunities that are available. It encouraged many to leave their comfort zone and venture out into areas of investment and finance they might never have bothered with, otherwise. There are many who believe stock markets and any investment aside from having a job is a scam designed to rob them. And its sad to see, as many opportunities are missed by having this type of mentality.

[carlfebz2]

Gilbert's Research shows people from 18 to 68 underestimate how much they will change in the future, because of that they miss long term financial plans! What do you Think? Do you have any long term financial plans?

Financial plans is actually depending on someone's particular goals in life because everything would vary and we know that each people does have different mindset.Some do consider out to be that early on making

out some plans and some do mind off too early basing up with their motives and perceptions in life.Some doesnt really care since they do have sufficient funds or money on where they are depending but on the time

on which they are already that minding on how to secure out themselves in terms of future then this is the time on where you do set goals.

[TheGreatPython]

Gilbert's Research shows people from 18 to 68 underestimate how much they will change in the future, because of that they miss long term financial plans! What do you Think? Do you have any long term financial plans?

I don't think there are still users here with age above 68 but there might be users here that are below 18. What about them, don't they have the chance to read this thread? With the exposure of digital currencies such as cryptos, it is now easier to build wealth and younger people are now more into financial stuff's.

Very different from the past times where young people that time only focus on video games and things that can make them happy without getting real benefits. People with age above 68 are I think old enough to worry about finance or how can they secure their future so it makes sense not including them. Most of us young and not so old people do have their financial plan but that often not followed.

[Ahli38]

I always have a long term financial plan. but the reality is sometimes not as smooth as planned. there are times when I have to sell assets that I have saved for the long term because there is an urgent need.

so I am one of those people who is not too strong to hold it for long even though I have planned carefully. because sometimes conditions are not possible.

people who are aged around 60 years and over I think they are no longer for long-term plans but rather enjoy the long-term savings that have been collected since they were young

[ChiBitCTy]

Gilbert's Research shows people from 18 to 68 underestimate how much they will change in the future, because of that they miss long term financial plans! What do you Think? Do you have any long term financial plans?

lol so this age range is literally the entire work force population.  18 is the normal age the average person enters the workforce full-time and 68 is the age that many people retire.  68 is the new Social Security age as well for those in the United States, so this is the age when a good majority will finally hang it up for good, or for full-time working ( many take part-time jobs around this age).  I know this as a financial advisor who helps people build their financial plans every single day.  I would agree that most people absolutely underestimate how much is needed for retirement and on average most people retire with less money than they need without a sound financial plan/portfolio.  

Be very careful who you get your financial advice from, and do your homework or find someone who you know has done theirs if you're seeking help. If anyone here has any questions on how they could improve their retirement plans, I'm happy to help out ( not asking for anything in return).

[bittraffic]

18 still is young and will just keep enjoying friends in bars for now. Wait til they get to have kids and they will plan for life.

If you are poor like me and wouldn't want to pass down the poverty to your kids, you also make use of your time today to make money.
I have no plans as well when I got that chance but after my kid was born, I end up thinking of what he will be in the future. I don't want to deprive him of opportunities like my parents did so I'm already investing for long term. Hold some BTC and altcoins I know I can pass down as birth right. It may not be much today but I think after 5-10 years from now, it will be worth it. Also planing to buy more properties for rentals to make income. I think it will be enough that my kid will not blame me.

[Strongkored]

Gilbert's Research shows people from 18 to 68 underestimate how much they will change in the future, because of that they miss long term financial plans! What do you Think? Do you have any long term financial plans?

18-68 is the time when humans work from start to retirement, if this research is true then everyone in the world who has income actually underestimates financial plans, isn't this strange? because I believe that when you start planning for finances, you do it when you already have income, so I doubt the research you mention.
I have a financial plan but it doesn't always go smoothly, because prices keep going up so needs re-planning.

[BuNga_cute]

18 still is young and will just keep enjoying friends in bars for now. Wait til they get to have kids and they will plan for life.

If you are poor like me and wouldn't want to pass down the poverty to your kids, you also make use of your time today to make money.
I have no plans as well when I got that chance but after my kid was born, I end up thinking of what he will be in the future. I don't want to deprive him of opportunities like my parents did so I'm already investing for long term. Hold some BTC and altcoins I know I can pass down as birth right. It may not be much today but I think after 5-10 years from now, it will be worth it. Also planing to buy more properties for rentals to make income. I think it will be enough that my kid will not blame me.

It is true that when we are not married or have children, most people usually do not plan their finances well. But after getting married and
having children everything will be different, we will be more mature when we think. Our life is like leveling up, so am I after having children,
not only I work hard to make a lot of money. However, I started to think about investing, so that I could have an inheritance for my children
in the future.

Don't forget, I also started to think that through investing I could do a retirement plan too, because it's impossible for me to work forever.
I try to study all types of investments, then I will try to collect some assets that I think are profitable. In the end I found investing in crypto is
the best way for the legacy that I will pass on to my children in the future. Especially Bitcoin has proven to be profitable if it is an investment
for the long term. That's why I started buying Bitcoins every month from the income I have, maybe only about 10% of my income which I bought
Bitcoin. But I am optimistic that by collecting Bitcoin, it can generate large profits in the future. So it is my financial planning in the future.
Which I can provide a decent life for my child in the future.

[poonam8288]

See this is a very important point. Because the importance of long-term investment is something that young people have to learn. Because nowadays every teenager is lying in line to make money fast and short way. Finding a way to make money quickly is not a good idea. That's why if nine young people are taught about long-term investments, not everyone knows, they will know the importance of long-term investment. So that's the best of them all. So if you fall into this age limit and you haven't done any such planning then think about it and do some research on it and jump into it so that you can have a better future with security.

[e-lite.io]

I think it makes sense if you based on the stages of life according to age. I mean, when you are young (maybe between 18-35) it's probable that you put your focus on work and not really planning for longevity until you reach certain age (perhaps past 40).
And it depends on the culture under which you are governed; some educate you to make financial plans for the long term, others concentrate on surviving just now.

[rby]

Having a long term investment is fine but the things associated with it is what is making it look very difficult.
For one to invest in the future or for a long term, you must first need to find a reliable investment platform which will not fail on the long run, this is the reason people run away from the long term investment. Even some that goes in will end up losing everything in the future. So it is so discouraging.

Secondly, many people struggles to get what to eat and settle life challenges presently, so they find it so to invest in the future when they don't have abundance in the presence. That is why the rich remains the rich and the poor continues to struggle. Investment is not for a struggling fellow, but for a balanced person.

[NeuroticFish]

Gilbert's Research shows people from 18 to 68 underestimate how much they will change in the future, because of that they miss long term financial plans! What do you Think? Do you have any long term financial plans?

This is a Bitcoin forum. This means that a big number of users here probably hold some satoshi (probably some hold even bitcoins) and try to increase their stash.
I think that this is the best long term financial plan one can have now: acquire bitcoin and hodl.
And yeah, we're mostly between 18 and 68.

So what are you asking about? Other financial plans? That would be a nonsense...

[kryptqnick]

Gilbert's Research shows people from 18 to 68 underestimate how much they will change in the future, because of that they miss long term financial plans! What do you Think? Do you have any long term financial plans?

I think this is out of context, and this way it's hard to understand what exactly is meant. I found an article about this study, dated 2013 (so I'm not sure why you're bringing it to discussion now), and 'financial' is mentioned only once there, so I'm not even sure that it's the finding of this research that people underestimate how much they'll change because of financial plans. Needless to say, it also seems to have nothing to do with cryptos, and the overall thing is quite vague. I had long-term plans for my future, and I was going quite well in that direction, and then a full-scale war started in my country, so now I have to make short-term plans for things which were never supposed to happen, and now I'm not sure if long-term plans matter at all.

[BITCOIN4X]

~Snip
I had long-term plans for my future, and I was going quite well in that direction, and then a full-scale war started in my country, so now I have to make short-term plans for things which were never supposed to happen, and now I'm not sure if long-term plans matter at all.

That mess shouldn't make you pessimistic about the possibilities for both your life and your long-term plans, my friend. I continue to hope that you and everyone affected by the disaster can live and find your happiness back to the way it was. The chaos had to end, one day.

I've also worked out a long term plan well so far and I'm working on it at the moment. I don't want to have silly desires without effort and I can't let all those hopes be crushed without a plan and maximum effort. We know long term plans are important, related to that so I believe investing is a good start to think about.

[Hamphser]

Gilbert's Research shows people from 18 to 68 underestimate how much they will change in the future, because of that they miss long term financial plans! What do you Think? Do you have any long term financial plans?

This is a Bitcoin forum. This means that a big number of users here probably hold some satoshi (probably some hold even bitcoins) and try to increase their stash.
I think that this is the best long term financial plan one can have now: acquire bitcoin and hodl.
And yeah, we're mostly between 18 and 68.

So what are you asking about? Other financial plans? That would be a nonsense...

When we do speak on people or the community on whose been involving with crypto then it would be a default thing that we are really aiming on accumulating bitcoin no matter what but speaking with other financial

plans then he might pertain about those traditional kind of financial plans like diversifying on saving up some fiat into their own banks or would be investing into those traditional investments like stocks and something
in similar.

We are indeed doing our best on saving up for our future and accumulating as much as we could.

[adzino]

Gilbert's Research shows people from 18 to 68 underestimate how much they will change in the future, because of that they miss long term financial plans! What do you Think? Do you have any long term financial plans?

Don't even know who this guy is and not even sure what this thread is talking about. But I am guessing you are saying people from age 18 to 68 fails to plan financially because things changed a lot that they have expected? You should probably give us the source of the research so we could understand what he is saying.
I do have a long term financial plans but sadly I am within 18 to 68, so probably have underestimated by long term financial plans like most of the people according to the research...