Prepare for the life when you get old

[Uruhara]

In old age, you can count on your children or they will count on you. Here, how it goes.

This is an important point to consider, where we don't always have to think about our future to be responsible for our descendants. We don't always have to save for our future, but investing in education and providing a good school for our children is one of the best investments for our assurance in old age. When our children can earn more money than us, the legacy of mental and material wealth will continue to our grandchildren in the future. Who wouldn't be proud of this achievement?

It all depends on our perception in dealing with the existence of money. Hoarding it can be exhausting, but using money with the right purpose has the potential to bring greater benefits than our expectations.

Investing in educating our children so that they become people with high insight and have a bright future is certainly an important thing and must be done by every parent. because the best legacy for a child is not just about money. but the knowledge that he can use to achieve success and happiness in life includes knowledge in good financial management. because if we only leave money without giving proper education to our children then he might not use the money to develop his career and instead it will be spent by them. due to poor financial management and lack of knowledge in life sciences.

and of course we still have to think about and prepare ourselves for old age. and I even think about not wanting to bother my kids someday. because they also have their own family. so that I will prepare a retirement fund and also prepare my children to become independent individuals and be more successful than me.

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[RockBell]

In old age, you can count on your children or they will count on you. Here, how it goes.

This is an important point to consider, where we don't always have to think about our future to be responsible for our descendants. We don't always have to save for our future, but investing in education and providing a good school for our children is one of the best investments for our assurance in old age. When our children can earn more money than us, the legacy of mental and material wealth will continue to our grandchildren in the future. Who wouldn't be proud of this achievement?

It all depends on our perception in dealing with the existence of money. Hoarding it can be exhausting, but using money with the right purpose has the potential to bring greater benefits than our expectations.

Investing in educating our children so that they become people with high insight and have a bright future is certainly an important thing and must be done by every parent. because the best legacy for a child is not just about money. but the knowledge that he can use to achieve success and happiness in life includes knowledge in good financial management. because if we only leave money without giving proper education to our children then he might not use the money to develop his career and instead it will be spent by them. due to poor financial management and lack of knowledge in life sciences.

and of course we still have to think about and prepare ourselves for old age. and I even think about not wanting to bother my kids someday. because they also have their own family. so that I will prepare a retirement fund and also prepare my children to become independent individuals and be more successful than me.

My heart is always heavy when I see that education has actually lost its value. It's painful, but then I can remember that once you are educated, success is already at your doorstep. For a few years now, the number of graduates has increased and the rate of unemployment has also increased. However, despite education losing its value, it is still very important, as it is every parent's dream to make sure their child is educated to at least get a good job to be supported to the family and also to be able to fend for him/her self. In addition to education, I believe having a skill or running a small business is not a bad idea. We should also support young people in their endeavors. despite a child being educated, we should encourage them to have skills.

[Altryist]

We do have differences in terms of financial capabilities and it was given that there are people who live as wealthy since birth while others live poor and have no option but to survive, though chances to change our future always in our hands if we continue chasing for good opportunities maybe there's something out there that will give us the chance to succeed.

Preparing for the future should always be a part of your life. You never know what's waiting for you and being prepared will give you some good edge to continue surviving whatever the future may like.

Sometimes circumstances can be too difficult for us to start to change something, when the money earned is only enough to feed our family, it is difficult to think about anything else. Now, with rising inflation, the situation will only worsen. So there are quite a few who cannot prepare for a secure old age and simple advice, saving and investing will not help them, and such people cannot count on the help of the state or anyone else either.

[og kush420]

We do have differences in terms of financial capabilities and it was given that there are people who live as wealthy since birth while others live poor and have no option but to survive, though chances to change our future always in our hands if we continue chasing for good opportunities maybe there's something out there that will give us the chance to succeed.

Preparing for the future should always be a part of your life. You never know what's waiting for you and being prepared will give you some good edge to continue surviving whatever the future may like.

Sometimes circumstances can be too difficult for us to start to change something, when the money earned is only enough to feed our family, it is difficult to think about anything else. Now, with rising inflation, the situation will only worsen. So there are quite a few who cannot prepare for a secure old age and simple advice, saving and investing will not help them, and such people cannot count on the help of the state or anyone else either.

some people would spend their whole life on a bicycle
they would help their kids grow but they would not make a saving for them -death is for sure but we should think of a better retired life then to think of our kids all the time

[virasog]

We do have differences in terms of financial capabilities and it was given that there are people who live as wealthy since birth while others live poor and have no option but to survive, though chances to change our future always in our hands if we continue chasing for good opportunities maybe there's something out there that will give us the chance to succeed.

Preparing for the future should always be a part of your life. You never know what's waiting for you and being prepared will give you some good edge to continue surviving whatever the future may like.

Sometimes circumstances can be too difficult for us to start to change something, when the money earned is only enough to feed our family, it is difficult to think about anything else. Now, with rising inflation, the situation will only worsen. So there are quite a few who cannot prepare for a secure old age and simple advice, saving and investing will not help them, and such people cannot count on the help of the state or anyone else either.

Some people just live hand to month for the whole period of their lives and it is not possible for them to prepare for their old age. The preparation for old age and this stuff is only for the rich who have a lot of money and they can invest that money in property or in bitcoin to get the benefit at a later stage of their lives when they are not capable to work.

Anyways, those who have extra money or savings should invest in something (it could be crypto or anything else), that could benefit them in the long run.

[marcous]

Some people just live hand to month for the whole period of their lives and it is not possible for them to prepare for their old age. The preparation for old age and this stuff is only for the rich who have a lot of money and they can invest that money in property or in bitcoin to get the benefit at a later stage of their lives when they are not capable to work.

Anyways, those who have extra money or savings should invest in something (it could be crypto or anything else), that could benefit them in the long run.

Investing is not only for the rich but anyone who is actively working to get a side job will have the opportunity to increase savings, so the maximum value of savings is not limited according to income and any amount can be allocated for savings every month, but it is better if the savings are converted to crypto or gold to get high profits for the long term.

[CryptocurencyKing]

Some people just live hand to month for the whole period of their lives and it is not possible for them to prepare for their old age. The preparation for old age and this stuff is only for the rich who have a lot of money and they can invest that money in property or in bitcoin to get the benefit at a later stage of their lives when they are not capable to work.

Anyways, those who have extra money or savings should invest in something (it could be crypto or anything else), that could benefit them in the long run.

Investing is not only for the rich but anyone who is actively working to get a side job will have the opportunity to increase savings, so the maximum value of savings is not limited according to income and any amount can be allocated for savings every month, but it is better if the savings are converted to crypto or gold to get high profits for the long term.

I greet with almost everything you said and though I'm very much into crypto more than I  can say for gold, I don't think converting all your life's end for a life after an active working age as a young man in gold or crypto. Maybe at the time it is but, do we think crypto or gold would continue ti grow forever?
Of course there is a volatility aspect to them both especially for cryptos which would definitely flip price, I wouldn't advice that a life after work be placed in cryptos or gold.

Taking active investment in other opportunities would be some ideas to give a thought.

[xSkylarx]

We do have differences in terms of financial capabilities and it was given that there are people who live as wealthy since birth while others live poor and have no option but to survive, though chances to change our future always in our hands if we continue chasing for good opportunities maybe there's something out there that will give us the chance to succeed.

Preparing for the future should always be a part of your life. You never know what's waiting for you and being prepared will give you some good edge to continue surviving whatever the future may like.

Sometimes circumstances can be too difficult for us to start to change something, when the money earned is only enough to feed our family, it is difficult to think about anything else. Now, with rising inflation, the situation will only worsen. So there are quite a few who cannot prepare for a secure old age and simple advice, saving and investing will not help them, and such people cannot count on the help of the state or anyone else either.

some people would spend their whole life on a bicycle
they would help their kids grow but they would not make a saving for them -death is for sure but we should think of a better retired life then to think of our kids all the time

Helping them grow savings is part of it, it doesn't all about money but also like lands, house or any expensive stuff that they can benefit. Though the problem is that not all has a privilege to have extra money for investment as they income are just enough that is why you should save your extra once you have a spare money

[smile1218]

Preparing for life in old age is important for many people so that we can live comfortably without asking for financial help from others. We need to save money for our retirement while we still can. If we can invest to a profitable investment like real estates, crypto currencies, gold etc would be better, because later on those investments can lead to a possible profit.  Also one thing living a healthy lifestyle could save us money for paying healthcare providers.

[carlisle1]

Some people just live hand to month for the whole period of their lives and it is not possible for them to prepare for their old age. The preparation for old age and this stuff is only for the rich who have a lot of money and they can invest that money in property or in bitcoin to get the benefit at a later stage of their lives when they are not capable to work.

Anyways, those who have extra money or savings should invest in something (it could be crypto or anything else), that could benefit them in the long run.

Investing is not only for the rich but anyone who is actively working to get a side job will have the opportunity to increase savings, so the maximum value of savings is not limited according to income and any amount can be allocated for savings every month, but it is better if the savings are converted to crypto or gold to get high profits for the long term.

You can assume that way if you fully know the venue of investment that you are taking, gold and crypto both are good venue
to invest if you will take time to study how the market works.

For some, they are aiming for properties, knowing that in the long run, the value will increase. Preparing for your life is always a good solution if you don't want to become a burden to others in the future.

Always do your homework in terms of picking the right venue for investment while saving portions of your salary.

[chrisculanag]

It is true, it is very important to plan our future so that when we grow old there are things that we can use for important matters. But if you start a family at a young age like me, it's very difficult to save up because almost everything I earn from working in construction is enough to feed my family every day. But even so, my partner is able to save through his own work which is for our son's future. Even so, I still earn some money online then save for my family. For me diligence and determination are the only important things to save, because if we don't have it, we won't get the goal we want.

[CryptoHeadlineNews]

As he ages, the window for him is closing. I never saw him encounter any financial problem because he has been diligient and frugal. This meet-up has completely changed my mind. Even people like him are struggling financially and we'd better prepare a comfortable life for the old version of ourselves. This uncle is still doing okay although with some struggles but I am sure there are millions who are broke and wish they could have made and saved more money when they were young. Always plan for the future. What do you think ?

I guess your Uncle might not be the only one who is facing financial challenges at old age simply because they neglected the concept of investing at early age of their lives, which currently there are variety of options to invest, such as business, real estate and our own Bitcoin, and this should be a lesson to each and every one of us this day that as we enjoy our funds, also strive to save some funds for the rainy days/future.
However, having a good knowledge about financial freedom will be of advantage to helping you make the right choice at every moments, which is why we all should at least some strive to create time to read books about making money & financial freedom, and never be afraid to work hard today so we could enjoy the fruit of your labour tomorrow.

[GigaBit]

I think here the concept is getting clearer, we have to put our money in something that makes its value increase, because if you just save your money it won't increase.
so I think investment is the right choice for our old age.
If indeed your uncle is diligent in saving and investing his money, I think now he will not be upset and have financial difficulties.

A long period of time Inflation has reached such a level that people are suffering from money crisis. If he earns $300 a month, he has to use the entire amount to cover his expenses, and some are borrowing extra money to meet the expenses. As hard as it is to save in such conditions, after a long time the saved money may also be worthless. Moreover, banks now offer very little money against deposits which will not be much when that is needed. So to avoid this kind of situation one should invest.

Investing is always risky. But a well-researched investment will make you financially free. Those investments will be well suited to spend the old age of life comfortably. Every person needs financial freedom for secure their life.

[imamusma]

Preparing for life in old age is important for many people so that we can live comfortably without asking for financial help from others. We need to save money for our retirement while we still can. If we can invest to a profitable investment like real estates, crypto currencies, gold etc would be better, because later on those investments can lead to a possible profit.  Also one thing living a healthy lifestyle could save us money for paying healthcare providers.

Everyone certainly hopes to enjoy their old age with good financial stability. But not all of us will have it due to lack of preparation or lack of economic ability that we have. Saving is of course supposed to keep them financially fit for the day, but they should prepare well in advance as long as they are still productive enough to make money.

Planning for a financially secure old age must have clear actions. That is, we must have assets that can provide us with long-term returns if they are investments, and also have good store-of-value assets. Fiat is not a good store of value even though many people believe it is safe, but gold and some other assets like bitcoin or others are also recommended to support this plan.

[Aanuoluwatofunmi]

Preparing for life in old age is important for many people so that we can live comfortably without asking for financial help from others.

To be kindid it pains me when seing an elderly man begging around for survival, that's too ridiculous and bad for them to do at old age,but sometimes i ask if some of them where with children or not and sometimes also, some thoughts came into my mind if they had spent their youthful days in waste, but the real fact we must get here is that we will all get to such stage in life and our today is a function of how it will look like in the future for us when we are old, let's save, invest and secure a better future.
We need to save money for our retirement while we still can. If we can invest to a profitable investment like real estates, crypto currencies, gold etc would be better, because later on those investments can lead to a possible profit.  Also one thing living a healthy lifestyle could save us money for paying healthcare providers.
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[AbuBhakar]

Planning for a financially secure old age must have clear actions. That is, we must have assets that can provide us with long-term returns if they are investments, and also have good store-of-value assets. Fiat is not a good store of value even though many people believe it is safe, but gold and some other assets like bitcoin or others are also recommended to support this plan.

Now there are plenty of insurances that offers good plans in a lower premiums that can help for retirement, the earlier we start in paying the lower the premium we need to pay but be sure to only engaged in reputable insurance companies. It is good to have savings but once uncertainties happens it will be better to have some back up or insurance that can help us not to drain our savings and investment Incase there is a need to pay a big amount of money.

It is true, it is very important to plan our future so that when we grow old there are things that we can use for important matters. But if you start a family at a young age like me, it's very difficult to save up.

Once already in this situation it is good to have sidelines, there is always a chance to save as long as we find ways and dedicated to do it for our own and families benefits.

[og kush420]

Planning for a financially secure old age must have clear actions. That is, we must have assets that can provide us with long-term returns if they are investments, and also have good store-of-value assets. Fiat is not a good store of value even though many people believe it is safe, but gold and some other assets like bitcoin or others are also recommended to support this plan.

Now there are plenty of insurances that offers good plans in a lower premiums that can help for retirement, the earlier we start in paying the lower the premium we need to pay but be sure to only engaged in reputable insurance companies. It is good to have savings but once uncertainties happens it will be better to have some back up or insurance that can help us not to drain our savings and investment Incase there is a need to pay a big amount of money.

It is true, it is very important to plan our future so that when we grow old there are things that we can use for important matters. But if you start a family at a young age like me, it's very difficult to save up.

Once already in this situation it is good to have sidelines, there is always a chance to save as long as we find ways and dedicated to do it for our own and families benefits.

One should have a small roof over ones head during the old age and some finances to get their medicines and take care of their grandsons and daughter that is the old retired life.

[Uruhara]

It is true, it is very important to plan our future so that when we grow old there are things that we can use for important matters. But if you start a family at a young age like me, it's very difficult to save up because almost everything I earn from working in construction is enough to feed my family every day. But even so, my partner is able to save through his own work which is for our son's future. Even so, I still earn some money online then save for my family. For me diligence and determination are the only important things to save, because if we don't have it, we won't get the goal we want.

Discipline, consistency, determination, perseverance and hard work are indeed important factors that must be possessed by everyone to plan and create a brighter future. It's just that sometimes it takes great motivation to do it. and also we need an insight in managing our finances in order to maximize effectiveness in the use of finances and the allocation of finances. so it's easier for us to save for old age.

[chrisculanag]

Once already in this situation it is good to have sidelines, there is always a chance to save as long as we find ways and dedicated to do it for our own and families benefits.

I'm doing everything that can be a sidelines just to save money and support my family. Even if the body hurts, it's okay because all the hard work has a good destination.

It is true, it is very important to plan our future so that when we grow old there are things that we can use for important matters. But if you start a family at a young age like me, it's very difficult to save up because almost everything I earn from working in construction is enough to feed my family every day. But even so, my partner is able to save through his own work which is for our son's future. Even so, I still earn some money online then save for my family. For me diligence and determination are the only important things to save, because if we don't have it, we won't get the goal we want.

Discipline, consistency, determination, perseverance and hard work are indeed important factors that must be possessed by everyone to plan and create a brighter future. It's just that sometimes it takes great motivation to do it. and also we need an insight in managing our finances in order to maximize effectiveness in the use of finances and the allocation of finances. so it's easier for us to save for old age.

I agree that we should completely do all of that ourselves. Because that will help to realize savings for the future. But you are right that without financial discipline it will not work either.

[Sir Legend]

Now I'm over 30 years old and I have to try my best to have passive income, cryptocurrencies are a way that I think can lead me to get big profits, I'm patient and save a lot of altcoins assets because I'm sure there are at least 3 altcoins that I save can go up 100x or more in the next 3 years, besides crypto of course I have bought a rice field which I use to grow vegetables so I can get an income every 2 months.