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Author Topic: What is the right age for financial stability?  (Read 1573 times)
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November 23, 2023, 10:34:50 PM
 #261

the sooner the better, after the age of 18 you should be productive enough to earn money, even if you're studying while work  it's actually not a problem, we're smart enough to divide our time,
Having financial freedom at a young age really influences our lives in old age when we have a family,

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November 24, 2023, 12:14:35 AM
 #262

This depends on parents in educating their children from an early age, in teaching them many things such as saving etc. Usually young people with a very luxurious lifestyle usually follow the trends that have been around in the last few months, and or usually these young people join in social circles in the surrounding environment so that they don't appear to be underestimated by the people around them, so they will appear a little exotic when buying brands. famous, whether clothes, shoes, bags, cellphones etc. Usually people like this will lose a lot of wasted time.

It's very different from poor or mediocre families, we always teach people to save and not be too wasteful when buying things, and the important role of parents today is to teach our own children to invest from an early age, when I was young, my father didn't teach that. I'm into investing, maybe my father doesn't understand the world of shares or anything else. What they teach is just saving and saving, the more I get older, what's more, getting to know this forum changes my mindset or mindset, and it turns out that saving in the bank for years in my opinion is not good, it will cause our money to be eroded by inflation.

To achieve financial freedom, it is difficult to determine at what age we achieve all of this, it all requires a very long process in carrying out various types of sources of our income. The sooner we start at a young age, the sooner we will gain financial stability or financial freedom.


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November 24, 2023, 01:54:37 AM
 #263

the sooner the better, after the age of 18 you should be productive enough to earn money, even if you're studying while work  it's actually not a problem, we're smart enough to divide our time,
Having financial freedom at a young age really influences our lives in old age when we have a family,

This is what many people are doing now, especially young people who are creative enough in living their lives so that they can allocate their time to study and earn money from the age of under 20. I often see this done by many young people who come from poor or modest families because they do not have valuable assets from their own parents so they are very willing to work even though they are studying at a particular education.

However, after we look closely, this can also be quite good for all young people because the results will be better for themselves in the future, especially since they don't have anything they can rely on in life except the determination to work hard and think creatively in earning money. So I wouldn't be quite surprised by something like this because I have often witnessed it in reality in my own area.

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November 24, 2023, 06:10:38 AM
 #264

the sooner the better, after the age of 18 you should be productive enough to earn money, even if you're studying while work  it's actually not a problem, we're smart enough to divide our time,
Having financial freedom at a young age really influences our lives in old age when we have a family,
Indeed, at the age of 18 it is very suitable to start a business and of course studying is still prioritized, so that when we have graduated from college, we will no longer be surprised by the world of business, of course it is like getting a head start on starting a business, so it is hoped that at the age of 30 we will already have strong finances and established. Unfortunately, I used to prefer to spend my youth having fun with friends, so I can only think now that what I did was wrong.

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November 24, 2023, 06:26:36 AM
 #265

the sooner the better, after the age of 18 you should be productive enough to earn money, even if you're studying while work  it's actually not a problem, we're smart enough to divide our time,
Having financial freedom at a young age really influences our lives in old age when we have a family,
This is the most optimal thing to happen but this isn't the rule and you don't have to worry about reaching it by this age or if you are way past that age, you don't have to beat yourself up about it as long as you are moving forward and you are improving in terms of finances, the age for financial will not be a limit or a standard to you maybe the advantage that someone will reach financial stability is probably that they have more time to enjoy doing other stuff that they love to do. Having a set age is sometimes discouraging which is why I don't like this idea that we are giving an age.



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November 24, 2023, 06:32:15 AM
 #266

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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.

If you have income and you cannot control your income is another thing that can make some people not to have financial stability, because I have seen many people their expenses is more higher than their income and it makes them to struggle to get to where their mate are in the community just that they lack orientation of how to maximize income and minimize expenses. Since I crossed above 18 years, I have started avoiding some things that will not allow me to save money that will make me financial stability, because the money you spend today it will never come again. Well, I believe from 30 ages above have a mature wisdom on how to avoid some things that will make them to improve in the area of financial stability by planting many companies that will be generating income.

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November 24, 2023, 12:46:28 PM
 #267

This is what many people are doing now, especially young people who are creative enough in living their lives so that they can allocate their time to study and earn money from the age of under 20. I often see this done by many young people who come from poor or modest families because they do not have valuable assets from their own parents so they are very willing to work even though they are studying at a particular education.
Technological sophistication has made several young people become successful influencers on social media. This proves that a person's success begins in many places that are not only based on business. Generally, influencers are under 30 years old, although there are a few percent who are over that age and if you look at the family line, many of them were born into families who are not rich.

However, after we look closely, this can also be quite good for all young people because the results will be better for themselves in the future, especially since they don't have anything they can rely on in life except the determination to work hard and think creatively in earning money. So I wouldn't be quite surprised by something like this because I have often witnessed it in reality in my own area.
Currently working smart is the basis for achieving success because working hard cannot necessarily change one's fate, meaning we have to look at every opportunity that exists and know as much as possible what to do in order to provide a path to success. The age at which someone achieves success is not the same, but when they are able to develop themselves as influencers, they will definitely have the opportunity for success at a much younger age.

When they are successful there, maybe they will try to develop the business as a long-term step and from there they will try to become more mature in making money consistently. Almost many influencers do this after they are successful and developing their business is a strategic step to keep their cash flow increasing.

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November 24, 2023, 12:53:25 PM
 #268

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.

In order to understand how money works in our world, there is no right age. I have seen dozens of people over 50 who have never understood that money is a financial instrument, and that money can earn itself. This is called financial literacy and it is a pity that it is not taught in schools, preferring stupid and unnecessary subjects of natural science. How can you not know everything about what each of us gets up in the morning and goes to work for? or sitting on a monitor 24 by 7.

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November 24, 2023, 02:07:40 PM
 #269

the sooner the better, after the age of 18 you should be productive enough to earn money, even if you're studying while work  it's actually not a problem, we're smart enough to divide our time,
Having financial freedom at a young age really influences our lives in old age when we have a family,
Indeed, at the age of 18 it is very suitable to start a business and of course studying is still prioritized, so that when we have graduated from college, we will no longer be surprised by the world of business, of course it is like getting a head start on starting a business, so it is hoped that at the age of 30 we will already have strong finances and established. Unfortunately, I used to prefer to spend my youth having fun with friends, so I can only think now that what I did was wrong.

Yes that's pretty good, basically the sooner the better and if possible as early as possible you should start everything from an early age, or that means around the age of adolescence, as you said at the age of 18 it's pretty good to find a basis for learning about the real world especially in terms of business, education still has to be prioritized because it is the basis that will be your driving force in terms of theory even though not all material in real life will be taught there, but it doesn't matter at least you know how to learn well by having a pretty good education.

And also yes with such a basis and early understanding then when you have started to enter the real world then you will not be too surprised when you see the fact that undergoing the process of the business world is not all turning the palm of the hand, and with the understanding that you have learned first then at least you already have provisions to start your business later and at least of course with that then you will not be too confused about how to start. Regrets always come at the end, many have experienced like you, you prefer to spend your youth having fun without starting anything that will have a good impact on your future. But never mind the rice is already porridge and although it's late but maybe it's not the end of everything, we can still start as long as we still have a high spirit to struggle, and for people who are still teenagers I hope they don't waste any time and opportunities they have.

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November 24, 2023, 05:48:35 PM
 #270

A man cannot work as hard as he can when he is young. And to be financially strong, you must be able to work hard. I think 20-30 years is the perfect time to be financially sound and anyone who tries hard and has the mindset to work hard can succeed. Because the percentage of success is very high at a young age. And when one crosses 35-40 years, physical weakness appears in him and various other diseases appear which prevent him from many things. So I think the best time to be financially sound is within 20-30 years
20-30 years old is like the time that you have to set your priorities into working hard and smart. That's because you're still strong by that time.
After 30, you are going to be weaker and will have a family so that means your time will also be divided and your focus will be gone.
But if you manage to build yourself during those early years when you're still single, that's how it should be and I agree to you for that range of age.
When one crosses 30 years and becomes a father, the responsibilities and setbacks increase in him, so he can't focus on what he wants to do at that time. on the other hand a weakness comes in him and he loses the energy to work hard at that time and after 18 years a person is just a teenager and then he starts thinking about which direction he should focus and move in which direction his future will be financially strong and his preparation  Almost 2 years passed to take and then take a potential decision and start working accordingly.  So 20-30 years is a perfect time for him to get financial stability



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November 25, 2023, 10:34:55 AM
 #271

the sooner the better, after the age of 18 you should be productive enough to earn money, even if you're studying while work  it's actually not a problem, we're smart enough to divide our time,
Having financial freedom at a young age really influences our lives in old age when we have a family,
Indeed, at the age of 18 it is very suitable to start a business and of course studying is still prioritized, so that when we have graduated from college, we will no longer be surprised by the world of business, of course it is like getting a head start on starting a business, so it is hoped that at the age of 30 we will already have strong finances and established. Unfortunately, I used to prefer to spend my youth having fun with friends, so I can only think now that what I did was wrong.

By the time a child is 18 years old, he should have been used to getting exposed to business and learn to start doing something that can earn him money, this is one of the benefits of early exposure because he will be used to it and grow in it, base on research, young minds have the ability of learning fast and doing things at the best because they have the tenacity to work hard and deliver best, a child can also have an asset from his parents will to him, he also need to work and learn to make business on his own to make him financial independent till his old age.

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November 25, 2023, 01:11:55 PM
 #272

I think it all depends on the person's finances, rich people will feel calmer because even if they work they have more money to invest, in contrast to people who only have enough money to survive and have little money to save, the goal is the same to invest but the money invested is of course different.
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November 25, 2023, 01:17:11 PM
 #273

20-30 years old is like the time that you have to set your priorities into working hard and smart. That's because you're still strong by that time.
After 30, you are going to be weaker and will have a family so that means your time will also be divided and your focus will be gone.
But if you manage to build yourself during those early years when you're still single, that's how it should be and I agree to you for that range of age.
When one crosses 30 years and becomes a father, the responsibilities and setbacks increase in him, so he can't focus on what he wants to do at that time. on the other hand a weakness comes in him and he loses the energy to work hard at that time and after 18 years a person is just a teenager and then he starts thinking about which direction he should focus and move in which direction his future will be financially strong and his preparation  Almost 2 years passed to take and then take a potential decision and start working accordingly.  So 20-30 years is a perfect time for him to get financial stability
I agree. That's why those that are still in that range of their ages need to think of what they really want in life.
Because if you still can't decide what to pursue and what to do, you're wasting a lot of time before you finally find the one that you like.
And you don't want to spend a lot of years just trying to know what you want to do in life and your purpose.


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November 25, 2023, 02:59:41 PM
 #274

I think that thinking, effort, and personal initiative will be important ingredients to have luck and success in work. It doesn't mean achieving financial freedom early, but it will probably increase your odds of achieving financial freedom. There are very young people 20-30 who have achieved financial freedom, and there are also people over 40 who have just achieved financial freedom. As long as we are independent and try our best in everything, financial expectations will come. Family is also an important factor for financial freedom. I notice some people when they get married - they have more conditions and start businesses and achieve financial freedom. Some people are the opposite. Financial freedom is something that is not easy to achieve. It comes with an element called luck. I also expect to achieve financial freedom at age 32 Smiley

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November 25, 2023, 03:20:23 PM
 #275

20-30 years old is like the time that you have to set your priorities into working hard and smart. That's because you're still strong by that time.
After 30, you are going to be weaker and will have a family so that means your time will also be divided and your focus will be gone.
But if you manage to build yourself during those early years when you're still single, that's how it should be and I agree to you for that range of age.
When one crosses 30 years and becomes a father, the responsibilities and setbacks increase in him, so he can't focus on what he wants to do at that time. on the other hand a weakness comes in him and he loses the energy to work hard at that time and after 18 years a person is just a teenager and then he starts thinking about which direction he should focus and move in which direction his future will be financially strong and his preparation  Almost 2 years passed to take and then take a potential decision and start working accordingly.  So 20-30 years is a perfect time for him to get financial stability
I agree. That's why those that are still in that range of their ages need to think of what they really want in life.
Because if you still can't decide what to pursue and what to do, you're wasting a lot of time before you finally find the one that you like.
And you don't want to spend a lot of years just trying to know what you want to do in life and your purpose.
If you want to be financially strong then you need to decide quickly what you want to do and focus on that. And always make a promise to keep trying until you succeed. Don't be disappointed. then there will be success and once a business or investment becomes successful, it automatically becomes financially stability. But it takes at least 5-6 years from when someone starts his business or investment to become financially stability



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November 25, 2023, 09:58:35 PM
 #276

I agree. That's why those that are still in that range of their ages need to think of what they really want in life.
Because if you still can't decide what to pursue and what to do, you're wasting a lot of time before you finally find the one that you like.
And you don't want to spend a lot of years just trying to know what you want to do in life and your purpose.
If you want to be financially strong then you need to decide quickly what you want to do and focus on that. And always make a promise to keep trying until you succeed. Don't be disappointed. then there will be success and once a business or investment becomes successful, it automatically becomes financially stability. But it takes at least 5-6 years from when someone starts his business or investment to become financially stability
Although success chooses no age but it's better to achieve that at a younger age so that you can enjoy your life as you become older.
There were many tips that I have heard from the elders that while I'm young, I need to work my ass off and as much as I can.
So that when I go to that point that I am also at their age, I can just simply enjoy and of course I have to build all of those investments, businesses and assets.


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November 26, 2023, 07:58:51 AM
Merited by fillippone (1)
 #277

I think it all depends on the person's finances, rich people will feel calmer because even if they work they have more money to invest, in contrast to people who only have enough money to survive and have little money to save, the goal is the same to invest but the money invested is of course different.
For some people who have enough wealth, of course they will still be able to invest because they have been able to meet their needs for themselves and still have the money they have which they cannot use for any needs so they can think about investing, but for some people who only have Their income is only enough for their needs, of course they don't have the time to think about investing because it is very difficult for them to invest. If they want to invest, of course they have to look for additional income outside of the salary they have to be able to invest.



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November 26, 2023, 03:55:27 PM
 #278


I don't really believe on luck since none of that exist by chance since we need to move and do more effort to achieve our goals. Also what's more important with that is consistency since without this whatever business you do and however you think your knowledge is so broad regarding on business related matters for sure you will failed with that. Consistency is the main factor why people succeed and the most important think there is we love what we are doing and the chosen business to open is on scope where we enjoy the most since for that for sure we will never get bored then have successful result on long years of operation. With this for sure we can make the retirement span short and we can enjoy our life on things that we really want to happen.

In my opinion the intervention of destiny cannot be completely denied nor can we say that we don't believe in destiny, rather it favors us in whatever we do in life, whether it can be against us. Effort and hard work should be our first priority but sometimes if luck is not on one's side then despite best effort and hard work one does not get success.

Sometimes you are doing your business or work very consistently and enthusiastically, but unfortunately an accident may happen to you which may ruin everything, so don't deny these things. However, it is also wrong to say that one should only sit on the support of luck. We have to do our work, after that what is written in destiny will happen.
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November 26, 2023, 08:39:30 PM
 #279

I think that thinking, effort, and personal initiative will be important ingredients to have luck and success in work. It doesn't mean achieving financial freedom early, but it will probably increase your odds of achieving financial freedom. There are very young people 20-30 who have achieved financial freedom, and there are also people over 40 who have just achieved financial freedom. As long as we are independent and try our best in everything, financial expectations will come. Family is also an important factor for financial freedom. I notice some people when they get married - they have more conditions and start businesses and achieve financial freedom. Some people are the opposite. Financial freedom is something that is not easy to achieve. It comes with an element called luck. I also expect to achieve financial freedom at age 32 Smiley
    Every man on earth has her own set goals and a time frame they're working with, financial stability age depends on your own personal goal but for me the earlier the age, the better because if the time frame set only gives room for less chance of maximization and expansion, then it is a wrong decision. Early age of financial stability helps one to discover more hidden abilities and even go extra mile in doing more exploit, yes there'll be lots of years ahead to live and as these years pass, so does living and everything in it gets tough and cost effective more, we need to always blend in too every new cost development in order not to be caught struggling while pushing through life.
  The 20's of a man should be a period of breaking bounds and making waves, laying solid foundations and building strong bedrocks to make room for better feats and reduce the struggle in his 30's. It takes a set goal, determination, years of hard work to be stable, so it's really best the struggle to financial stability begins now to avoid pitiful circumstances.
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November 26, 2023, 09:12:17 PM
 #280

I think that thinking, effort, and personal initiative will be important ingredients to have luck and success in work. It doesn't mean achieving financial freedom early, but it will probably increase your odds of achieving financial freedom. There are very young people 20-30 who have achieved financial freedom, and there are also people over 40 who have just achieved financial freedom. As long as we are independent and try our best in everything, financial expectations will come. Family is also an important factor for financial freedom. I notice some people when they get married - they have more conditions and start businesses and achieve financial freedom. Some people are the opposite. Financial freedom is something that is not easy to achieve. It comes with an element called luck. I also expect to achieve financial freedom at age 32 Smiley
    Every man on earth has her own set goals and a time frame they're working with, financial stability age depends on your own personal goal but for me the earlier the age, the better because if the time frame set only gives room for less chance of maximization and expansion, then it is a wrong decision. Early age of financial stability helps one to discover more hidden abilities and even go extra mile in doing more exploit, yes there'll be lots of years ahead to live and as these years pass, so does living and everything in it gets tough and cost effective more, we need to always blend in too every new cost development in order not to be caught struggling while pushing through life.
  The 20's of a man should be a period of breaking bounds and making waves, laying solid foundations and building strong bedrocks to make room for better feats and reduce the struggle in his 30's. It takes a set goal, determination, years of hard work to be stable, so it's really best the struggle to financial stability begins now to avoid pitiful circumstances.

some people will not do their best to be financially stable until they have responsibilities. call it inspiration but some people will not work not find ways to make money when there is no need for them to earn.

when there is nothing that forces someone to find a job, they will just be with their friends partying and smoking up til their youth is over. some are worse especially when they impregnate their girlfriend, they instead run. no reason to be financially independent for those guys.









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