Read If you are between 18 and 68 years old!

[laredo7mm]

Who doesn't have long-term financial plans op? However, only some people actually end up fulfilling them while the rest abandon them or change them as time passes for various reasons which vary from person to person basically.

Instead, I advise focusing on fulfilling short-term plans and the combination of some of these plans could form a long-term plan which would obviously get fulfilled too. Divide and conquer basically.

I adopted the above strategy successfully which is why I feel that this is an effective and efficient strategy overall.

It's a good strategy to divide a long-term plan into multiple milestones and then work them one by one. It reduces our stress and short-term achievement motivates us to work. We will be more motivated if after every achievement we give ourselves rewards for achieving our goal.

That's how I also like to do my hard work. Make it short make it easy. But time management is also important if you want to build a long-lasting habit about your progress.

[Kakmakr]

So how does a 68 year old person have a long-term financial future, if most people at that age are already on pension? I should say the age should be between 18 and 40 years of age, because you can still invest small amounts every month for a number of years.

I started when I was 18 and I invested in all the wrong things... those things made brokers rich and I was left with worthless long-term investments. I only changed to something that made more than 800% profit, when I was introduced to Crypto currencies. (The best investment I have ever made) 

[minairia3]

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'm a little difficult to understand the meaning and purpose of this topic, why should we believe what Gilbert said.

Of course, Professor Gilbert has many awards in research, credit for his popular book on human life, However, I don't get the point, for this topic on Professor Gilbert's research, can you explain at 18 and 68 years of age, what is meant by underestimating.

Point, if you talk about economics and finance in the long term, surely everyone has that plan, be it internally or externally.

When maturity comes, we each begin to plan for our future. We also have financial plans for what we want to be or at what stage we want to be. But is everything done according to plan?
Not at all.

There is nothing to predict the ""future"".  There are many ups and downs in life. And that ups and downs can make a big difference in the plans we make. I can't see the reality of the success I imagined myself in.

This is exactly what Daniel Gilbert's research has revealed.

Since I am still not much aged and dependent on my family for financial matters. So, I don't have any such planning yet but in time I will probably do long-term planning too. Because it is in the nature of every human being to plan for the future in his mind.

[Viscore]

Everyone has a different mindset regarding finances, some consider it important and have long-term plans, some are satisfied to work as employees for life and their salary is only able to support their family. This is of course influenced by their perspective, in terms of the education they get.

I would personally say necessary, we need to prepare long-term financial planning, because this will involve me and my family. This long-term planning will certainly be very beneficial for us for our children and wives.

Holding crypto such as Bitcoin, have a money in a bank, holding gold and owning a shop are my future plans.

One thing is certain, whether you are managing a business or an employee who is a low or a high wage earner, i believe we all have our own long term financial plans. Because we all dream to improve our present status in lives, and it will only be possible if we become successful in our financial plans. Some may have realized it at its early 30's, while others have succeeded in their late 40's.  But regardless of the age, having our own long term financial plans is very important because it will guide us and direct us to live the life we always dream to have. And to give our children a better future which they deserve to have.

[stomachgrowls]

Everyone has a different mindset regarding finances, some consider it important and have long-term plans, some are satisfied to work as employees for life and their salary is only able to support their family. This is of course influenced by their perspective, in terms of the education they get.

I would personally say necessary, we need to prepare long-term financial planning, because this will involve me and my family. This long-term planning will certainly be very beneficial for us for our children and wives.

Holding crypto such as Bitcoin, have a money in a bank, holding gold and owning a shop are my future plans.

One thing is certain, whether you are managing a business or an employee who is a low or a high wage earner, i believe we all have our own long term financial plans. Because we all dream to improve our present status in lives, and it will only be possible if we become successful in our financial plans. Some may have realized it at its early 30's, while others have succeeded in their late 40's.  But regardless of the age, having our own long term financial plans is very important because it will guide us and direct us to live the life we always dream to have. And to give our children a better future which they deserve to have.

All of us does have plans or wishes or goals in life, it is  really just a matter of perseverance and effort on attaining those things but of course not all situations or goals would really be reached out because

there would be factors would really be affecting on achieving it or attaining it but its not enough reason for us to stop and considered ourselves to be failure.Its good to start up when we are still young

where you should set your goals and invest and save while you are young and on the time you would really benefit out on what you had done all over the years.

[andriarto]

Everyone has a different mindset regarding finances, some consider it important and have long-term plans, some are satisfied to work as employees for life and their salary is only able to support their family. This is of course influenced by their perspective, in terms of the education they get.

I would personally say necessary, we need to prepare long-term financial planning, because this will involve me and my family. This long-term planning will certainly be very beneficial for us for our children and wives.

Holding crypto such as Bitcoin, have a money in a bank, holding gold and owning a shop are my future plans.

One thing is certain, whether you are managing a business or an employee who is a low or a high wage earner, i believe we all have our own long term financial plans. Because we all dream to improve our present status in lives, and it will only be possible if we become successful in our financial plans. Some may have realized it at its early 30's, while others have succeeded in their late 40's.  But regardless of the age, having our own long term financial plans is very important because it will guide us and direct us to live the life we always dream to have. And to give our children a better future which they deserve to have.

I think age is not an obstacle, the most important thing is that we will keep the spirit to plan our finances so that later we will succeed in building a business empire, or have financial freedom. there are many people who are successful in their old age, like the boss of KFC, and if it is said to be a failure, I don't think so, because there is a hand of God here that gives us success at what age. On the other hand, many people at a young age have been successful, of course, everyone has a different time dimension, and our job is to try and pray and apply the basic principles of management and clear planning.

[DanWalker]

If I am between 18 to 68 years old. When I was 18 years old I don't know anything about life or even have plan for the future, during the time I always think that future will be Bright, but at long run and I reach the age of 30 I noticed it has changed that I  have to stand for my self. Than I began to think of making plans for my old age. Someone need to plan for is future since when he/she is very strong.

At the age of 18, we are still very young and only have passion for fun, entertainment and a little extravagance in life. Very few young people have long-term plans for their lives at that age.  Only when we turn 30 or have a small family do we really think about our future in old age and dive headfirst into our goals.

[Xal0lex]

When one is young, one rarely thinks about such things as financial well-being. As a rule, young people want to spend their youth in carelessness, entertainment and not to think about anything. I do not want to work, I want to have more fun, and many people have no particular desire to learn financial literacy, the money is always spent on all sorts of entertainment, beautiful things and so on.

Indeed. It seems like being youth is permanent and we're just living to make ourselves happy. We do not care of other things and not thinking ahead about the future. Its a typical mindset of the youth because they dont experience yet the real hardship in life. But as we grow old and facing the reality, thats how people became mature especially if we already experience the real situation that we must face.

Probably the pandemic that happened gave people a lesson about the importance of having a savings. In my case a reliable insurance for our family will serves as our retirement plan incase we're not able to work anymore. Thats why we made sure to get ourselves an insurance. Its a must to plan for the future since we're not getting any younger.

Another good catalyst to quickly start taking an interest in your financial future, including additional income, which can be represented by the same cryptocurrency, is the obligations you have.

When you have a family, children, some business, your mindset is rearranged, and now your primary concern is not entertainment, but earning money to provide for your family, children, or to support your business. In such a situation people become interested in investments, exchanges and other financial instruments, which can be used to make money. And this is just a good chance to get to know bitcoin and start investing for your future and the future of your children.

[Gozie51]

At the age of 18, we are still very young and only have passion for fun, entertainment and a little extravagance in life. Very few young people have long-term plans for their lives at that age.  Only when we turn 30 or have a small family do we really think about our future in old age and dive headfirst into our goals.

Sometimes the way people's live turn out depends on the family that they come from. Some people at age 18 are already planning themselves into financial freedom while it is not like that for some people. There is an adage that "when a goat is chewing, the kids watches" and takes up from there. This is how it is with financial Independence. If you train a child on that earlier then the child carries on from there.

[Jawhead999]

At the age of 18, we are still very young and only have passion for fun, entertainment and a little extravagance in life. Very few young people have long-term plans for their lives at that age.  Only when we turn 30 or have a small family do we really think about our future in old age and dive headfirst into our goals.

I don't think 18 years old is very young, at that times you need to choose your path either continue to school or work. If you take a job, you'll understand working isn't easy and you're more carefully to spend your money for. However if you continue to school, yep you wouldn't learn that... perhaps after you completed your school. Though depends on your parents financial, poor people have to learn money management when he's still in elementary school.

I also don't know where you live, but when someone already hit 18 years old... he supposedly can live alone without his parents.

[traderethereum]

If people from 18 to 68 years old underestimate their future, they will regret it in the future.
It must be because they never think about preparing for their future and they don't imagine what kind of future they want.
Maybe they haven't thought about long-term financial plans because they are still trying to meet their primary needs.
But I'm sure they will prepare it slowly.
And luckily, we are more familiar with crypto than people out there because at least we already have a tool that can help us prepare for our future.

[Wong Gendheng]

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?

My current long term plan is to continue to invest in several places, and crypto is an investment that I make my third priority after property and stocks, I think the future will be full of inflation and the cost of living will continue to rise so we must overcome it by continuing to invest.

[barbara44]

Right, I have a long term financial plan. Investing in Bitcoin is one of those long-term financial plans that I have. Whenever I invest in Bitcoin I always make sure to go for a long time because it mostly benefits me.

But, bitcoin and other crypto investment is not the only thing that I am into, I also have two businesses that I am handling , and they are going really fine and I believe that they will be more than the level that they currently are in the future. And I’m also putting in more effort into having different sources of income , because I believe that is really going to help me in the future when the time comes.

[Silberman]

It's a good strategy to divide a long-term plan into multiple milestones and then work them one by one. It reduces our stress and short-term achievement motivates us to work. We will be more motivated if after every achievement we give ourselves rewards for achieving our goal.

That's how I also like to do my hard work. Make it short make it easy. But time management is also important if you want to build a long-lasting habit about your progress.

That is a very basic tactic and yet it is one that is incredibly effective, and not only it works when it comes to complex and difficult tasks, it works on everything, for example many newbies coming to the market today have dreams of getting one bitcoin but they do not have the money to get one immediately, if instead of concentrating in that fact they took small steps like buying 100 dollars worth of bitcoin every month, maybe they will not reach their goal but they will get in the right path which will lead them to one day reach financial independence.

[Oilacris]

It's a good strategy to divide a long-term plan into multiple milestones and then work them one by one. It reduces our stress and short-term achievement motivates us to work. We will be more motivated if after every achievement we give ourselves rewards for achieving our goal.

That's how I also like to do my hard work. Make it short make it easy. But time management is also important if you want to build a long-lasting habit about your progress.

That is a very basic tactic and yet it is one that is incredibly effective, and not only it works when it comes to complex and difficult tasks, it works on everything, for example many newbies coming to the market today have dreams of getting one bitcoin but they do not have the money to get one immediately, if instead of concentrating in that fact they took small steps like buying 100 dollars worth of bitcoin every month, maybe they will not reach their goal but they will get in the right path which will lead them to one day reach financial independence.

All matters with someones mindset and goal in mind or in life because you wont really able to reach that line if you wont persevere and wont sustain yourself into different challenges.

We are all hoping to have a better life in terms of finances and those results would really be depending on how hard you do work for it thats why it would vary on several factors.
Save and invest on different sectors or industries as much as you could and it would be better as young as you could as long you do able to do so.

[South Park]

So how does a 68 year old person have a long-term financial future, if most people at that age are already on pension? I should say the age should be between 18 and 40 years of age, because you can still invest small amounts every month for a number of years.

I started when I was 18 and I invested in all the wrong things... those things made brokers rich and I was left with worthless long-term investments. I only changed to something that made more than 800% profit, when I was introduced to Crypto currencies. (The best investment I have ever made) 

I think the same, money managers have different plans depending on your age, when you are young and you have on average a lot of time left to live money managers will take more risks with your money as even if they happened to make a mistake or two you have a lot of time to recover from those losses, but once you reach a certain age then your portfolio needs to be adjusted to reflect this, and less risky assets will be included while the more risky ones will be sold creating a more solid portfolio, it would not give as much profits as before but in the case there are some losses those losses will be small and you can recover from them in the limited time you have available as an investor.

[nur rochid]

So how does a 68 year old person have a long-term financial future, if most people at that age are already on pension? I should say the age should be between 18 and 40 years of age, because you can still invest small amounts every month for a number of years.

I started when I was 18 and I invested in all the wrong things... those things made brokers rich and I was left with worthless long-term investments. I only changed to something that made more than 800% profit, when I was introduced to Crypto currencies. (The best investment I have ever made) 

I think the same, money managers have different plans depending on your age, when you are young and you have on average a lot of time left to live money managers will take more risks with your money as even if they happened to make a mistake or two you have a lot of time to recover from those losses, but once you reach a certain age then your portfolio needs to be adjusted to reflect this, and less risky assets will be included while the more risky ones will be sold creating a more solid portfolio, it would not give as much profits as before but in the case there are some losses those losses will be small and you can recover from them in the limited time you have available as an investor.

at a young age like 18 years, indeed many people are looking for their identity, they will try as much as they can, and among them will indeed fail a lot. from that failure that makes young people grow into adults and begin to take into account all risks, so they begin to be careful to take action, so that at the age of maturity, people will find it easier to become successful, because they move using more mature calculations. it if judged logically. but in this world many things do not make sense, and that is the power of god. Many of the successful entrepreneurs are in their old age, and if you think about it they may be too late to enjoy it, but that's God's secret that we don't know. The most important thing is that we must always try and never give up

[southerngentuk]

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?

What is the basis for the above arguments? I don't get it because I'm not one of those things you're talking about. A clear financial plan Everyone laughs when not everyone can access or afford to create a possibility. You should be able to support yourself financially.While poverty, evils, social problems, etc. still exist, what the OP is looking at is just a perspective on a small part of it.

[Minecache]

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?

It depends on the person but this is very subjective.
1. The current lifestyle of people may affect their long term plans. Because they are only working from paycheck to paycheck, some are just forgetting long term goals and just think of them being healthy and can eat trice a day.
2. The current financial literacy of people can affect it as well. We know that people that don't have any financial literacy will not think of long term financial plans.

I've seen many people around me who are experiencing the 2 that I said above. That 2 can change the way people think of their long term financial plans. As for me, I consider myself lucky because there is the internet that helped me at least how to be financially literate and know how to think of long term financial plans. I just hope that many people will also think like that because it will help them as soon as they grow older.

Daniel Gilbert, in his study of human predictions and future plans, came up with the idea of ​​how much people change between the ages of 18 and 6. His thinking changes as well as his financial planning.

@LogitechMouse, your two points are very reasonable. I want to talk lightly about these two points.
About 80% of the people in our society are employed and if they can get into their dream job then they think their life is set in many ways. Then, under the pressure of work, the plan that was in their head with the future financial plan faded away gradually. Then their main focus shifts to daily properly eating and staying well.

Gilbert pointed to the age between 18-and 68. 18 the journey begins on our way to maturity. And at this age, we have countless plans for our future. But in the last age, it has been seen that very little has been implemented.

Let's talk a little bit about your point number two.

Your point two is also reasonable. Because we have not yet made progress in educating all the people in our society. Yet a large part of the people is uneducated. It is rather normal that they do not have financial planning.
And without proper knowledge of financial literacy, they have no account in savings and investing, so they have to travel.


I don't have any future financial plans yet though. But as you said this is the age of the internet and we are lucky for that. As time goes on, I too will gradually learn the things I need for myself with the help of the internet which will help in my planning

[Fatunad]

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?

What is the basis for the above arguments? I don't get it because I'm not one of those things you're talking about. A clear financial plan Everyone laughs when not everyone can access or afford to create a possibility. You should be able to support yourself financially.While poverty, evils, social problems, etc. still exist, what the OP is looking at is just a perspective on a small part of it.

You would need to be able to survive those hindrances or possible problems that would be faced up later on and this might be simple to look for someone to achieve about on how to make a better future then you would
find it for yourself that it wont really be that easy.When you are young or already into your own will on how to handle up yourself and make your future then you would normally be finding ways.
Its up to someones perspective on how he would really be planning his/her life to become.