What is the right age for financial stability?

[Solosanz]

starting from working age(18)
most people 18-25 are single/unmarried/living with parents

so in the 18-25 category it actually turns out to be more like
0% housing
10% bills
90% food/disposable income

Isn't in US 18 years old people should leave their parent house because they're already mature? if they need to leave their parent house, they will pay housing around 30-50% which is high. I'm not from or live in US, but in my area is also like that, they move to other city that far from their home or other country that force them to rent an apartment.

so they spend on experiences and lifestyle "of-the-now"

Aka Revenge buying and this is nothing new for the new generations.

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[Poker Player]

Financial stability depends on two main components: your income and your expenses. You can have a good income from the moment you start working, what happens is that it tends to become more secure and increase as the years go by, and the expenses also if you are young you tend to want to spend more, especially on experiences. I would say that there is no "right" age for it, as the OP ask, but it is more likely to happen from 30 onwards.

[aylabadia05]

I quite think that there is a particular age at which one is supposed to have been living a comfortable lifestyle financially. That doesn't mean that someone who doesn't meet that age lives a lavish lifestyle. There's a parable that says, "All fingers are not equal." So, we understand that not everyone is able to meet up at the same time.

Although some people can experience financial breakthrough at different ages in life, some do so at 25, 30, 35, 40, and 50, respectively.

At the age of 17, some people are starting to learn how to manage financial stability because of the need to work for just one day's food even though the thought of becoming rich and achieving financial stability in the future has not yet occurred to them.

For descendants of conglomerates, it may be between the ages of 23-25 and above because the age below is still planned to focus on studying in order to continue the family's legacy of wealth.
I don't know, the level of economic difficulty determines when is a good time for future financial stability.

[inthelongrun]

It is hard to specify an age because things are different from places, beliefs, and conditions. In rich and modern countries maybe most people can easily attain financial stability when they feel the need to be serious with life. When we're young we always think about money while old people value time as gold. There is nothing wrong with enjoying life or saving and living a serious life early. Some people were also born rich and money is not a problem to them.

What is sure to me is we need financial stability when we think about starting a family or having a kid. It's not a choice anymore but it's about being responsible.

[angrybirdy]

It is hard to specify an age because things are different from places, beliefs, and conditions. In rich and modern countries maybe most people can easily attain financial stability when they feel the need to be serious with life. When we're young we always think about money while old people value time as gold. There is nothing wrong with enjoying life or saving and living a serious life early. Some people were also born rich and money is not a problem to them.

What is sure to me is we need financial stability when we think about starting a family or having a kid. It's not a choice anymore but it's about being responsible.

It's quite difficult to say what is the right age in being financially stable at this moment because everything is so expensive. If you're a typical individual who's living paycheck to paycheck, you aren't able to achieve the financial stability that you want unless you're having a business or other source of income with double or triple pay than your Primary source of income. Living in this society makes a person become more open to the idea that everyone needs to become financially stable at the young age which it should be. If you really want to retire at the age below 60 years old, You must make a way and do some actions on how you can be a successful individual while you are young.

[Kakmakr]

I am one of those people who believe long-term investment bring early wealth and I will stand by that. We know compound interest are very powerful and compound interest work miracles over long periods.

You should start working the moment when you leave school and you should study part-time to improve your knowledge and to build your CV. The youth of today seem to think it is normal for their parents to pay for them to study and also live in their parents home until they are 40... but that perception need to change.... YOU as an individual are responsible for your own life and YOU have to work to achieve that.

I worked to pay for my studies and I left the house, just after I left school... and I paid for everything I owned in life. 

[electronicash]

the younger you are to gain financially stable, the better. you will have time to spend more hours to leisure when you get to 45-65 where you can enjoy life travelling.

you will forget importance aspect of life sometimes when you gain financial stability at young age however which some people regret like having to start a family at older age.

you don't wanna chase your kids at 50 while they are still 3-5 years old.

[rat03gopoh]

Whatever age you're when you get married. It is a time when a person has an irresistible responsibility, to give/support others life. Of course, financial stability can't be achieved in just a week or a month. The ideal preparation (imo) is say 2 years or longer before you plan to get married.

[Jatiluhung]

I actually wasn't really able to enjoy my youth with a free life like many of my friends who were the same age as me lived. But since I was young, I have lived a life that has led to my desire to achieve economic stability since I was young. Now I'm almost there. I haven't achieved financial freedom yet. But financially I feel comfortable with my current condition. Well, my life is mostly spent making money. Sometimes I even lack time to sleep. But I enjoyed my youth this way. And I am satisfied with what I have done.

My goal is to gain strong financial strength from the age before 40 years. Or I want to gain financial freedom before that age. And maybe there are many who want the same thing as me. Because the friends where I work now have almost the same goals as me. And I'm sure everyone here is the same as me. Namely wanting to have financial stability from a young age. And have financial freedom before old age.

[iv4n]

Financial stability includes factors like having a reliable income, savings, investments... it's how we become prepared for some unexpected challenges. So I think there is no financial stability without psychological maturity. And we all know that some people grow up faster than others, and some people never grow up.

I guess we can't say that there is some fixed age for financial stability. It depends on our life goals, careers, and choices. Some people find stability in their early/late ages... It's not about age, it's about when someone figures out how to manage money wisely.

[Promocodeudo]

Your views are right, as you said, is not easy for everyone, let me use African countries as an example, though I won't say that people are not making it at a young age their, I must tell you that it is not easy for this set of settlers, it an almost impossible wider population of the youths in this continent to make at that age you mentioned, the environment has made it to be so, I concur to your piece of writing that one need to have saved a lot and fends for themselves at the age you put up there, but I tell you that this will only happen if such country is stable, we can not dispute the fact young people must times makes mistake and are made to be victim of circumstance, in financial growth, it is normal for some people to a height before some people but it takes courage and discipline to save at this stage.

[Yamane_Keto]

There is no ideal age, and for financial stability, nothing is more important compared to learning. If you are 20 years old, it is better for you to learn more and take risks, as you still have a long life to take risks, and even if you achieve losses, the responsibilities are not large, which you are supposed to bear, but if you are afraid of taking risks in the beginning of your age, it is better for you to look for stability and a normal life, which is represented by a secure job and an income equal to your expenses, with a surplus that you can invest. The risk is not in gambling or crazy things, but in doing unusual things or investments in your area. Even if you lose, you learn.

[benalexis12]

Having financial stability depends on the determination of each individual and the financial method they use. When it's financially stable, that means the system you're using is right.

Because of my experience, at the age of 21, I already had the mindset that at the age of 26, I should have a house and lot, but it didn't happen. I gave my effort to achieve it through different types of investment, and my mistake was the system that I entered, which all ended up being pure hype and wrong investment schemes. I only became financially stable at least in 2017, and this was the time when I somehow had knowledge about cryptocurrency, or Bitcoin. So, it means that it also depends on the opportunity that you enter and choose.

[justdimin]

There is no right age for this, the age is different for everyone. If we put an age to it as the right age, it will make people who have passed that age and not yet achieved financial stability to think that they have missed their time and will never be able to become financially Stable which is false.

Financial stability can be achieved at any age, but it is better that is achieved early in life.

I thought there is no right age for this? But, then you also said that the age is different for everyone? Are confused or what? But For me, I think there is truly a right age for this. Usually, this is the problem that an adult person is facing, and not by a child.

A Child can only care about having fun but there are practical parents who teach their children about money management too early. So that they will know how to value money and won't recklessly spend it on none-sense things like toys and candy. For those who put or set an age limit. They shouldn't set an age that are too high like above 40 because that is the one's that is truly late.

[Sayeds56]

Well, I hope this doesn't sound like a joke to you guys or some sort of cracked-up thread, but yeah, I mean to hear the opinion of others.

Some people, during their youthful years, live a very lavish lifestyle with the money that they are supposed to put to good use, knowing that one day they will grow old. Some people only think that it's when they are growing old, like at the age of 30 and above, that's when they must start to invest or save to invest.

Some people think that they can live a lavish lifestyle as long as they are still 20 years old, and maybe when they get to 25 years old, that's when they can start to invest for their future.

I quite think that there is a particular age at which one is supposed to have been living a comfortable lifestyle financially. That doesn't mean that someone who doesn't meet that age lives a lavish lifestyle. There's a parable that says, "All fingers are not equal." So, we understand that not everyone is able to meet up at the same time.

Although some people can experience financial breakthrough at different ages in life, some do so at 25, 30, 35, 40, and 50, respectively.

But in my opinion, I think that one is not still supposed to be in financial crisis at age 30–35. I mean, at age 30, one should be in a financial state where they can fend for themselves and their family if the person is married. The person is supposed to have had at least one or two financial sources that they can always see as reliable sources of income.

It's always wise and profitable to start saving and investing at a young age, like 18 years old.

Your perspective on financial responsibility and planning for the future are quite admirable. Generally there is  consensus among financial experts  that it is better to start saving and investing as early as possible to take advantage of power of compounding which can significantly increase wealth overtime and ideally financial stability and security can be achieved around the age of fifty. It is important to keep in mind that success in achieving goal depends on making right decisions at the right time consistently and making investment in projects with significant growth potential.

[hyudien]

And other problems that each person experiences are different, not as ideal as we are talking about. Being born into a fairly dire financial condition means that your path is different from people who were born rich and at a young age can still enjoy an inheritance. It sounds ideal and a dream to be able to invest at a young age, utilize the finances you have and then enjoy old age with consistent benefits. Who wouldn't want that?
Just look at the direction in which the economic conditions to support daily life must decline, even if you look at the crisis, every country is affected by conflict/war, where our idealism is not important at all. This gives us an idea that financial stability cannot be achieved, we feel that what we already have is still lacking and that is human nature. Returning to the discussion about investing at a young age, what do you think about those aged 40+, should we say they no longer have the opportunity to invest? In fact, there is no specific benchmark at any age, investment still applies to those who are ready from a financial perspective.

[carlisle1]

Financial stability includes factors like having a reliable income, savings, investments... it's how we become prepared for some unexpected challenges. So I think there is no financial stability without psychological maturity. And we all know that some people grow up faster than others, and some people never grow up.

I guess we can't say that there is some fixed age for financial stability. It depends on our life goals, careers, and choices. Some people find stability in their early/late ages... It's not about age, it's about when someone figures out how to manage money wisely.

Yeah right, there's no right age but there are factors that we need to consider as we are always facing different cases in our life, like what you
said, there are people who find their stability late in their life but there are also young minds who manage to enjoy stability at a very young age,

people who know how to acknowledge the challenges in life and manage how to work on it and enjoy whatever financial sources that they have been through.

Not all have the same fate but through dedication and the goal to achieved there's always potential that you will be able to gain that aimed stability.

[Majestic-milf]

I am 66 If I make it to Jan 2024 I will be 67.

It's good to prepare one's mind for unforseen circumstances but this here got me feeling weird. Gee, don't sound that way! I know you'd see more new years!

 To be financially stable means you don't need to worry about the next meal and bills and you can afford to lead the lifestyle you want but that has to take a lot of things for that to happen. If there is a certain age that is tagged as a right age, say 30, then it means people who haven't gotten to that age wont have to worry till then, which invariably means, they will have to be financially dependent till then, right? To be financially stable and independent means you have equipped yourself with skills to push your goal of achieving your dream. What should these skills be? Investing your time in getting a college degree, also learn other life skills like problem solving, critical thinking, creative thinking and interpersonal relations as this will help build your marketability status as most organizations look for individuals who can be quite versatile and if it so happens you can achieve these skills at a young age, you are good to go.
 Another thing is, everyone has their time for which things can work for them, take  Colonel Harland David Sanders, the founder of KFC for instance.

[lovesmayfamilis]

There is a concept that you need to work for your name until you are thirty. That is, get an education, work, and save some money for the future. After reaching thirty years of age, your name should already be working for you. You acquire a profession and become a competent specialist, whose services speak well of your level of knowledge and, that is, of your name. Unfortunately, these truths do not apply in our time. People either need some kind of job, even with a good education, or, on the contrary, people are very lazy and want to get everything at once, regularly bumping into scammers. Therefore, my opinion is that everything depends on the society in which a person is raised and on his way of thinking. Some people can escape poverty at the age of thirty, while others still live on loans at fifty.

[demonica]

Can't say a specific age for this but of course, better to achieve financial stability at a younger age so you can enjoy what you achieved while you still have the time and the energy. But this thing depends on every situation and every person. Others may find it harder to achieve stability especially if they started at the rock bottom but for others, it can be easier having the privilege of good financial background from your parent's wealth.

There's no "right" age for financial stability cause some are late bloomers. Others may achieve it at a younger age while others may achieve it a little late but as long as you can enjoy that status after all the hard work, then that's great. I'm also hoping that I can be financially stable soon...