Prepare for the life when you get old

[carlisle1]

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.

A good way to have a passive income, if you can buy an asset in crypto and you have additional income from other sources, either
a stable job or a good investment.

There's always a good success when you keep holding and waiting for the value to rise, as long as you are holding a good quality project and you and not minding the cycle of pump and dump.

Preparing for a good future so when you get old, you have all the resources to finance whatever luxurious life you wanted to have.

[1715156915]

1715156915

[1715156915]

1715156915

[1715156915]

1715156915

[Uruhara]

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.

Yeah right. without discipline in managing finances then everything will not work. Because the important point is when we have made a plan, and then we carry out the plan with high discipline.

And actually if we are married, the role of our partner in supporting us in financial management is also an important thing that can be relied on. But that applies if our partner also has the same thoughts about planning for old age. But if our partner is not good at saving then sometimes it can be a problem for us. because when we save with all our might but our partner doesn't do it. it will also be difficult for us to be disciplined and successful. The point is to start by trying to align our intentions and goals with our partner so that they are the same. or we have to teach them how important it is to prepare early on financial matters for our old age.

[siniminomorocomunisakito]

I'm not really sure who's the wrong in this situation and who should I blame, but few things in order to make you survive and doesn't suffer financial problem are:

1. Make sure you don't save your money, but invest on few commodities e.g. Bitcoin, gold, stock, real estate etc.
2. Have a small business in your home, it's better if you have an autopilot business where you don't need to work anymore.
3. Teach your children how to use money in a correctly way, don't overspend and use it for luxury lifestyle.

When you're still 25-40 years old, it might be the peak of your career, don't think you can work until you're death because an old people can't compete with fresh graduate young people.

I agree with your points about preparing for financial stability in old age. Investing in commodities like Bitcoin, gold, and real estate can provide long-term benefits, while having an autopilot business and teaching your children about responsible spending habits can also help secure your financial future. It's important to plan ahead and not rely solely on working until old age, as the job market can be challenging for seniors.

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.

It's great to see you actively looking for ways to secure your future. Investing in cryptocurrencies can be a good option too although it is high risk and has a high value return process. like in a bank the term savings deposits. I like this point "I have bought a rice field" you already have tangible assets such as rice fields which can provide a steady income from the investment. at least in a year there are 2 to 3x harvest. That right decision i think, A classic blend in modern life.

[slapper]

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.

Yeah right. without discipline in managing finances then everything will not work. Because the important point is when we have made a plan, and then we carry out the plan with high discipline.

And actually if we are married, the role of our partner in supporting us in financial management is also an important thing that can be relied on. But that applies if our partner also has the same thoughts about planning for old age. But if our partner is not good at saving then sometimes it can be a problem for us. because when we save with all our might but our partner doesn't do it. it will also be difficult for us to be disciplined and successful. The point is to start by trying to align our intentions and goals with our partner so that they are the same. or we have to teach them how important it is to prepare early on financial matters for our old age.

Discipline, discipline, discipline... the financial mantra, right? But come on, who truly relishes penny-pinching? Yeah, future planning is vital, but what about the here and now? Can't we indulge without remorse? Partners and finances? A different beast. A money-wise partner? Fantastic. But what if they're not? Do we dump our ambitions, surrender to their spending?

Navigating relationship finances is like solving a cryptic puzzle. Compromise, dialogue, and boatloads of patience are needed. But remember, your financial aims matter as much as your partner's. Find that equilibrium, folks. Believe me

[Z390]

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.

Hehe, nice plan mate, I am also over 30 and I cultivate my lands for cocoa farming, that's where I get most of my money from and I have invested a lot into Bitcoin, I still sold a land to get 1 Bitcoin at 17,000$ months ago and if such opportunity comes up I will sell more, it's good to work very hard when we still can before we get older.

I am living a comfortable life now because of my parents, they trained me since the age of 10 I know a lot about farming and planting seeds, I have banana and plantain farm aside from my cocoa farm, it's a shame that many farms at the same age range like me don't want to have anything to do with Bitcoin, I mean I teach them but the interest is not there at all and since I can't force them I decided to stop lecturing them, ignorance is indeed a big disease.

[Litzki1990]

All of a sudden he has reason enough to be silent and upset.  Because at this late age he has to think about how to manage the family. It is normal for such times to come in people's lives.  Maybe currently you are earning a lot of money and you are spending all your earned money to get by but there is a future. 

We should always plan for the future. Because no one but the Creator knows when life turns in which direction. Maybe you have a good job now but how will you manage your family when you may not have that job in the future for some reason. 
Or you are a healthy person now but when you fall ill in the future who will take care of your medical expenses and family management. 

Thinking about these issues, some part of the income should be regularly saved or invested in a site so that the saved money or invested money can be useful later in times of danger.

[rhodelmabanal]

We need to be always prepared, because we will surely going old and if we don't have savings we will be in a big problem going old is very expensive you will suffer a lot of sickness because of our age we need a lot of money for the medicine and vitamins, we always need savings even now because we don't know when emergency comes.

[Dr.Bitcoin_Strange]

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.

Head's up sir, remember you said the below 👇 quote.

Many people think that hold top 10 is the best decision, but we have to remember that a year ago LUNA was in top 10 then went bankrupt, i think there is no guarantee that hold top 10 is the best decision

I am not totally against anyone who decides to invest in altcoins, though; as long as they know what they are doing, there is no problem. You should also at least have some backup plans so that in case your dream altcoin doesn't really do 100x like you expect, you could still have some other plans working out perfectly for you. Gradually accumulating Bitcoin on a DCA would also not be a bad idea (note: not an investment idea). I have seen and also had experience with some altcoins that, after 3 years, are not worth anything again; they are just shitcoins. Sometimes we can't really tell which altcoins have the possibility of getting pumped or not.

[AmoreJaz]

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.

Head's up sir, remember you said the below 👇 quote.

Many people think that hold top 10 is the best decision, but we have to remember that a year ago LUNA was in top 10 then went bankrupt, i think there is no guarantee that hold top 10 is the best decision

I am not totally against anyone who decides to invest in altcoins, though; as long as they know what they are doing, there is no problem. You should also at least have some backup plans so that in case your dream altcoin doesn't really do 100x like you expect, you could still have some other plans working out perfectly for you. Gradually accumulating Bitcoin on a DCA would also not be a bad idea (note: not an investment idea). I have seen and also had experience with some altcoins that, after 3 years, are not worth anything again; they are just shitcoins. Sometimes we can't really tell which altcoins have the possibility of getting pumped or not.

if you happen to hodl a lot of alts, make sure that you really keep up with them, in terms of developments and other things. because that's true, even if it is in the top 10 today, it can go bad for them in the future. which means, they can be abandoned by their respective devs making them go down in crypto's history. so yeah, there's no problem holding a lot of alts but you should not wait for years before you check them out again. because that would be a disaster in your portfolio. also better invest in some tangible assets that you can afford. don't go all in in crypto.

[Bushdark]

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.

It is very good for us to plan now that we might be young or a little bit older to prepare for when we finally get old when we might not have the power or energy to explore and do things in our own way just like the way we used to do it.
 We need to make us of our youthful age for those that are still coming up so that the end life shall be meaningful and it will not be the time we will be struggling for what to earn or how to make life stable a little bit for us.
Bad things are really happening to old people especially those ones that do not plan there live when they are still strong to make things work for them.

[Dr.Bitcoin_Strange]

if you happen to hodl a lot of alts, make sure that you really keep up with them, in terms of developments and other things.
so yeah, there's no problem holding a lot of alts but you should not wait for years before you check them out again.

You see, this was why I said, "I don't really bother myself about those who already know what they are doing or how to go about their Altcoin investment," but there are some people, crypto beginners, who just spread their funds to Altcoin, where they sometimes cannot keep up with checking updates about the project or not, and some times they don't buy at least some tokens or coins that are likely to be worthful in the future, they end up with some shitcoins.

like I said earlier @AmoreJaz, i have also had my experience with altcoins, and I can't really say I made a hell of a profit with them. Either it has done the x50 or x100 before I bought them, or after I have sold them before you can see some pumping. I have some crypto friends, and most of them are altcoin lovers, but for a long time now, they have not really invested in a token that has earned them 100x. So, I just got the orientation that dealing with altcoins will just turn me into a big dreamer, and who knows how long I will keep living in such dreams that one day I will get lucky and one altcoin may blow me where as it's just some high hope that is unlikely to happen.

[Sir Legend]

We need to be always prepared, because we will surely going old and if we don't have savings we will be in a big problem going old is very expensive you will suffer a lot of sickness because of our age we need a lot of money for the medicine and vitamins, we always need savings even now because we don't know when emergency comes.

Many people understand that they will grow old but do not have good preparation for welcoming old age, they are busy with hobbies or pleasures that make money easy to lose, for example someone who likes to replace new cars then you can be sure that old age will be full of regrets, it's better to buy things of continuing value such as land, or property.

[dunfida]

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.

Head's up sir, remember you said the below 👇 quote.

Many people think that hold top 10 is the best decision, but we have to remember that a year ago LUNA was in top 10 then went bankrupt, i think there is no guarantee that hold top 10 is the best decision

I am not totally against anyone who decides to invest in altcoins, though; as long as they know what they are doing, there is no problem. You should also at least have some backup plans so that in case your dream altcoin doesn't really do 100x like you expect, you could still have some other plans working out perfectly for you. Gradually accumulating Bitcoin on a DCA would also not be a bad idea (note: not an investment idea). I have seen and also had experience with some altcoins that, after 3 years, are not worth anything again; they are just shitcoins. Sometimes we can't really tell which altcoins have the possibility of getting pumped or not.

if you happen to hodl a lot of alts, make sure that you really keep up with them, in terms of developments and other things. because that's true, even if it is in the top 10 today, it can go bad for them in the future. which means, they can be abandoned by their respective devs making them go down in crypto's history. so yeah, there's no problem holding a lot of alts but you should not wait for years before you check them out again. because that would be a disaster in your portfolio. also better invest in some tangible assets that you can afford. don't go all in in crypto.

You cant go wrong on holding top 10 coins in the current market as of today, 3 or 4 might be replaced or dethroned but at least you do still have 6 or even half which it would really be still that worth on holding for long term but of course when you are still on young age or lets say 30+ and dont have family or even earlier which it would be ideal on saving up as much as you could and holding out for long term.
If you are that something plays around 40+ then its still not that too late because 10 years run in crypto space might really be giving out the chance for you to have a financially free kind of living or status.

On the time that you do gets old, then you wont really be making yourself that getting worried if ever your children would be taking care of you or not.In some countries then if you do have that retirement then you could make yourself placed on a shelter but in some 3rd world countries on which it is most likely you would really be that definitely just ignored and rejected.
If you do live up on these places then its better to have advanced plans on the time you do get old.

[xSkylarx]

We need to be always prepared, because we will surely going old and if we don't have savings we will be in a big problem going old is very expensive you will suffer a lot of sickness because of our age we need a lot of money for the medicine and vitamins, we always need savings even now because we don't know when emergency comes.

Many people understand that they will grow old but do not have good preparation for welcoming old age, they are busy with hobbies or pleasures that make money easy to lose, for example someone who likes to replace new cars then you can be sure that old age will be full of regrets, it's better to buy things of continuing value such as land, or property.

This kind of people are at an early age. I am not old enough, but this is really what I've done in my early age. I do like parties, drinking hard, and not thinking of the future, but right now I do regret it because imagine if I spent it to build a house, for sure I would have a house right now, or buy appliances, then I wouldn't need to buy one right now. When you are really old enough, you are now always thinking about what will happen to you when you are old, so it makes you wonder, and now you are going to work hard just to save for your future and that of your family as well.

[Fredomago]

You cant go wrong on holding top 10 coins in the current market as of today, 3 or 4 might be replaced or dethroned but at least you do still have 6 or even half which it would really be still that worth on holding for long term but of course when you are still on young age or lets say 30+ and dont have family or even earlier which it would be ideal on saving up as much as you could and holding out for long term.
If you are that something plays around 40+ then its still not that too late because 10 years run in crypto space might really be giving out the chance for you to have a financially free kind of living or status.

On the time that you do gets old, then you wont really be making yourself that getting worried if ever your children would be taking care of you or not.In some countries then if you do have that retirement then you could make yourself placed on a shelter but in some 3rd world countries on which it is most likely you would really be that definitely just ignored and rejected.
If you do live up on these places then its better to have advanced plans on the time you do get old.

I like that idea where you hold numbers of assets especially those top assets from the market, yeah it's true that there are chances that some of those assets will be dethrone and might forget in the long run but most of them might bring huge profits knowing that the strong bull run most of the time bring the hype to max and provide a huge amount of profits

It's more on how you project your investment and how you trust your understanding of how the market will move forward,
keep it in mind that future is not ours to conclude but we can always prepare while we are still young and very capable of saving and invest.

[Dr.Bitcoin_Strange]

You cant go wrong on holding top 10 coins in the current market as of today, 3 or 4 might be replaced or dethroned but at least you do still have 6 or even half which it would really be still that worth on holding for long term but of course when you are still on young age or lets say 30+ and dont have family or even earlier which it would be ideal on saving up as much as you could and holding out for long term.

Do we only talk about altcoins and forget about mentioning that Bitcoin is the first coin to be in one's portfolio even before thinking of adding any of the top 10 altcoins, of which a lot might turn out to be shitcoins in the long run?

Some of these top 10 coins we talk about just managed to get there after some promotion or paying to be added there. Let me explain this: I had a friend who worked as a moderator for one altcoin project in the past. Although the project is about two years old now, I cannot say that it is doing fine because the price now is $0.04 per token, but when it got listed, it was trading for about $2. So, this friend was working with the project as a moderator and was receiving a lot of DM from some promoters. They were saying they could help him promote his token to be on the top 10 coin in Coingecko and some other platforms like CMC, and they said they would show him they were capable of doing it, so they made a coin to go on the top 10 coin within 24 hours, and it was my friend that asked them to promote the coin and prove to him they could do it.

So what I am trying to say is that most of these top 10 coins only got there by chance, not really because they are cool to buy, but I am not saying that all may be so.

[Uruhara]

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.

Yeah right. without discipline in managing finances then everything will not work. Because the important point is when we have made a plan, and then we carry out the plan with high discipline.

And actually if we are married, the role of our partner in supporting us in financial management is also an important thing that can be relied on. But that applies if our partner also has the same thoughts about planning for old age. But if our partner is not good at saving then sometimes it can be a problem for us. because when we save with all our might but our partner doesn't do it. it will also be difficult for us to be disciplined and successful. The point is to start by trying to align our intentions and goals with our partner so that they are the same. or we have to teach them how important it is to prepare early on financial matters for our old age.

Discipline, discipline, discipline... the financial mantra, right? But come on, who truly relishes penny-pinching? Yeah, future planning is vital, but what about the here and now? Can't we indulge without remorse? Partners and finances? A different beast. A money-wise partner? Fantastic. But what if they're not? Do we dump our ambitions, surrender to their spending?

Navigating relationship finances is like solving a cryptic puzzle. Compromise, dialogue, and boatloads of patience are needed. But remember, your financial aims matter as much as your partner's. Find that equilibrium, folks. Believe me

this is more than just a spell for me. Even I have managed to build a house for my family. Because I hold the principle of discipline in managing finances consistently.
and come on guys being disciplined doesn't mean we take away the fun. even I still actively bet in games and buy things that I like. I even occasionally go on vacation with my family to the beach and places I want to visit. it's just that everything is well organized and managed. so there is a limit in spending adjusted between for pleasure and for savings and for investment.

this is the importance of managing finances well. so that we can keep having fun and also keep building a better future at the same time.

[RockBell]

Last week, I met one of my uncles-in-law who has been a sailor for many years. In the past decade, he has been out of town and travelling all over the world to make a living. He has two children to raise and being a father who is always absent from their growing-up, he somehow does not know how to get along with his kids once he is back home once a year. In this transition period, usually like one month or two, he will find him some odd jobs  to make money to support his family. Unfortunately in this economic downturn, it is very difficult to find a job so he is quite upset now. Staying at home means no income and this makes my aunt very anxious. This uncle is in mid fifties and he is one of the most diligient people I've ever known. Ever since he was young, he would always keep busy doing all kinds of jobs to make money. I have to say that he made some savings for some years but it was most used up by sending his daughter to study overseas. Under today's economic condition, he has to wait more time to be assigned onboard and it is said his salary will be slashed big next time he has an offer. Well, to make a living, he has to accept that. He used to be a happy-go-lucky guy and always have a smile every day, last week I saw him, he was more like silent and upset.

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 ?

Traveling jobs offer plenty of fun for bachelors, but if you're married and have one of these jobs, your wife and children won't really feel your love because you're never there, Considering that it will be fairly expensive, and if we only want the best for our children, why not send his daughter to another good school instead in that same region. And it might  sound difficult  to save but it helps just that in an economy  like this is not really  easy. Additionally, saving may seem challenging, but it actually helps because it's challenging in this economy. I used to know people who used their funds to build houses and buy vehicles, but now days it's getting harder to make that type of journey. But even at that always have some savings no matter how little.

[19Nov16]

Like it or not we will go through old age, many people are not ready to face old age, they are carried away with income when they are still productive, so when old age and income are not like when they are productive they start to think and regret, many parents have to work hard become market laborers, or construction workers, so we have to be prepared from now.

[gaston castano]

Your uncle's situation is unfortunately not uncommon, and it highlights the importance of being prepared for unexpected financial challenges and economic downturns. While diligence and frugality can certainly help in building a solid financial foundation, it is also important to diversify one's income streams, invest in a diverse portfolio, and seek out opportunities to increase earning potential.