What is the right age for financial stability?

[Z390]

I have two different things to say about this

1. Well, age is just a number, if your kid have a rare talent that can turn the tides around for him and your father would you stop him because he is too young? I know a kid in China who have this talent of coding and building apps and games at 12years old, now he is controlling a multimillion dollars startup company with other friends at the age range of 16 to 21 years old, I believe this works out because he has a family who supported him all along.

2. At the same time, nothing comes for free, in the world we are living today, under age children are moving too fast, and this isn't about talent or not, this is about kids that get caught up in a world where parents are now forcing them to go to school, get a job and start taking responsibility,  a 17 years old boy in my street is chasing big goal, as if he has a family to take care of, when I asked him why he said he is not to young to be controlling millions.

I believe this is coming from his parent who have simply failed the boy without them knowing, a 17 years old boy shouldn't be chasing money, instead they should be chasing skills and talent, in this age range money should be the last thing to start hunting for, this will possible make you a useless person, and you will join bad group to find short cut to making money, this is why many youths are into drug dealings, robberies and even scamming people.

[btc78]

I believe this is coming from his parent who have simply failed the boy without them knowing, a 17 years old boy shouldn't be chasing money, instead they should be chasing skills and talent, in this age range money should be the last thing to start hunting for, this will possible make you a useless person, and you will join bad group to find short cut to making money, this is why many youths are into drug dealings, robberies and even scamming people.

agreed,
while i do believe that young kids should learn discipline and financial control they shouldn’t be stressing themselves over money too much it’s still always their guardians’ responsibility to provide for them until they are of age
kids who grew up too fast often feel regret later on in life even if they’re financially stable already because they feel like they’ve sacrificed their youth and there’s no other way to bring time back

[angrybirdy]

I believe this is coming from his parent who have simply failed the boy without them knowing, a 17 years old boy shouldn't be chasing money, instead they should be chasing skills and talent, in this age range money should be the last thing to start hunting for, this will possible make you a useless person, and you will join bad group to find short cut to making money, this is why many youths are into drug dealings, robberies and even scamming people.

agreed,
while i do believe that young kids should learn discipline and financial control they shouldn’t be stressing themselves over money too much it’s still always their guardians’ responsibility to provide for them until they are of age
kids who grew up too fast often feel regret later on in life even if they’re financially stable already because they feel like they’ve sacrificed their youth and there’s no other way to bring time back

There's a thing called balancing. balance about having a mature mindset while enjoying things that a typical kids did. Well, you have a point that young kids doesn't need to be stress about financial matter because it's their guardians responsibility and obligation but every kids has a different nature of family and life, some kids might feel stress because of their poor situation that's why some of them developed a mature mindset at very young age, hmm Not because a kid is chasing a money or has enough financial literacy doesn't mean they will end up being a scammer or drug dealer. I'm sure that some of them will gonna regret not enjoying the things while they are young somehow, but they'll finally see that it's all worth it at the end.

[carlisle1]

Learning and applying some things at an early age always brings advantages. Some of us learn this from our families, some of us learn it through our own efforts. But the important thing is to be able to apply this knowledge we have learned. If we can apply it, then we will be a more financially conscious individual.

Sometimes life may not give us what we want. That's why we shouldn't say things like "you should have done or achieved these things by a certain age." Of course, everyone wants a good future and strives for it, but the results may not always be good and they may not achieve their goal.

Age is an important factor in financial stability, but age is not always a criterion. We can progress successfully in every field at any age.

Many things that have become a person's way of thinking cannot be separated from the influence of their environment, and the biggest role is the family in forming thought patterns from an early age.
Regarding the knowledge that we gain when we grow up, it is a continuous process with what we have been instilled in since childhood.

In life we have to work hard but not everyone who works hard will reap the same results, and in my opinion there is no standard at what age we will get financial stability because everyone has a different life, be it lifestyle or dependents in life, so I think it is very unfair for us to compare or set age limits for achieving success or financial stability.

True, there are many factors that effects one person's success either the environment or the people who surrounds him, there's no age
and there's no specific definition the only thing is how determine the person and how he will find the right path to achieve.

Having the right mindsets and continuing to find the best way to be financially stable rely on how you work with your fate, the journey will continue and
until you figure things out then you will attain the success that you are aiming to reached.

[el kaka22]

Depends on person to person, and life to life. Not everyone lives the same life, like lets say if you come from a rich family then having a financial stability at 23 is not really impossible, because your family will handle that for you and you will start life a lot better than anyone else. If you come from a family that was super poor, it will take you to reach that stability, and sometimes not even ever achieve it. Like for example I make more money than my parents ever did, and yet I can't be financially table and been in ruins for years.

Because they are all poor, so I take care of 3-4 different houses, whenever something regarding health happens, I am the one that pays for it, and that's fine, I am not arguing, I have the money for it and if I can help them then I will definitely help them. But that doesn't change the fact that we are going to end up with anything that will benefit people, we need to be serious on how we can change our life.

[mirakal]

I don’t think that financial stability should still follow an age pattern as to when it’s going to take place. Because for me, we all have different mindset when it comes to our finances, while some have started early building their financial independence because the opportunities for them also come earlier, while others enjoy their singlehood first and live life as free as a bird and when they get married, that’s when they think to start building their financial stability because they already have a family to provide with.

For me, the earlier the better. That way, you can achieve your dreams and aspirations in life while you are still capable to sustain it and continue to live life to the fullest. Than to see yourself gaining financial stability at your late age wherein you are not that sustainable anymore and only have few years left to enjoy your life to the fullest.

[uswa56]

Honestly, I'm actually quite bored of hearing the words 'I'm still young, why do I have to save, I have to enjoy life', to be honest, these words are trap sentences that always appear in the minds of young people, so I continue to emphasize that everyone should learn to invest from an early age, and don't refuse to feel the sensation. People who are used to managing their money well at a young age will definitely be successful people when they are old. Neglecting to manage finances is actually not an exact science, so it requires full patience to be able to master it and only time will tell.

It all depends on the person, there is definitely no difference between young or old when it comes to saving or investing, what is certain is that everything that starts well will reap satisfactory results in the future.
I think age is just a number regarding people's targets or achievements will vary, as well as financial stability, there are people who at a young age have achieved success from inheritance from their parents and there are also people who at an old age are still working hard to live.
We live on different lines, so there is no race for that.

[Iroh]

You can certainly say that easily - but realize that you haven't really thought about the future until you're over 20. Teenagers aged 15 to 18 don't really care about their future - they just need to focus on a good education instead of financial problems. Not many children have the mindset you say - most of them still expect pocket money from their parents until they grow up.

Of course – the sooner this mindset is implemented, the better. I started saving when I had an income - but I learned to save when I was under 18 years old. I started investing when I had an income - previously I only saved to meet my desired targets.

Yeah, I know it’s easier said than done and it’s obviously not a thing that would be in the minds of most teenagers and young adults. Most wouldn’t think much of the future yet as there’s so much to live for in the present.
But there are still some young kids who perhaps not coming from a family that could help them start up. It’s a good thing you got the sense to know the value of savings and was actually disciplined enough to put something away from whatever you earned.

Children from an average income household can afford to focus on his education alone without much thought about his own financial stability in the future.

[coupable]

What is the right age for financial stability?

This question has more than one answer because it is not possible to determine a general standard that includes everyone. Financial stability is not linked to an age stage because the exceptions are very numerous. For example, the children of the wealthy enjoy financial stability from the first day they are born, while most of the poor remain in need until they reach the last years of their lives.
I think we are supposed to find a definition for the concept of “financial stability” and that it is not linked to any age stage. One of the most convincing definitions for me is that financial stability is when we achieve a balance between expenses and income without the risk of disruption in the medium or long term.

[Dr.Bitcoin_Strange]

I think we are supposed to find a definition for the concept of “financial stability” and that it is not linked to any age stage. One of the most convincing definitions for me is that financial stability is when we achieve a balance between expenses and income without the risk of disruption in the medium or long term.

 Saying that we can't link financially stability to age because one can't really know when they can break out of poverty to become financially stable in the aspect of gaining freedom from financial crises, but indeed, financially stability is usually more enjoyable during youths age when one is still very young and strong to get what they want, but for a very old person to attain financial stability when they become very old, like 60-80 years old, what more of an adventure would they be at then? Despite the fact that everyone might not still be of the same caliber or come from the same society of gold, we can also try to plan ourselves and set some goals that we intend to achieve with time, the earlier the better and the younger, the better too.

[Miles2006]

Well I don't know the right answer to this question cause this has to do with circumstances, conditions and life. My lecturer will always say anywhere live places you that's where you will be, that's why after graduating from the university some will first buy a car while others are still waiting, some might even get a good job while others no job. Someone can be financially stable at age 40,50 and above that's live for them but our society now see people like that as useless and lazy people which is not right. Most people get married at age 60 but we can't question that or ask the right age for marriage. But it's better everyone should work hard to live a better life and also we should remember that money does not grow on tree people work hard for it. But in a situation where the person lavish his money at an early age and forgets to save for the future, in my opinion why will a man with money spend lavishly and decide to save the money at age 30 that's what I call foolishness what happened to age 20,25, my opinion is anytime God blesses you, you start planning for your future.

[milewilda]

Learning and applying some things at an early age always brings advantages. Some of us learn this from our families, some of us learn it through our own efforts. But the important thing is to be able to apply this knowledge we have learned. If we can apply it, then we will be a more financially conscious individual.

Sometimes life may not give us what we want. That's why we shouldn't say things like "you should have done or achieved these things by a certain age." Of course, everyone wants a good future and strives for it, but the results may not always be good and they may not achieve their goal.

Age is an important factor in financial stability, but age is not always a criterion. We can progress successfully in every field at any age.

Many things that have become a person's way of thinking cannot be separated from the influence of their environment, and the biggest role is the family in forming thought patterns from an early age.
Regarding the knowledge that we gain when we grow up, it is a continuous process with what we have been instilled in since childhood.

In life we have to work hard but not everyone who works hard will reap the same results, and in my opinion there is no standard at what age we will get financial stability because everyone has a different life, be it lifestyle or dependents in life, so I think it is very unfair for us to compare or set age limits for achieving success or financial stability.

True, there are many factors that effects one person's success either the environment or the people who surrounds him, there's no age
and there's no specific definition the only thing is how determine the person and how he will find the right path to achieve.

Having the right mindsets and continuing to find the best way to be financially stable rely on how you work with your fate, the journey will continue and
until you figure things out then you will attain the success that you are aiming to reached.

There's no way that you could really be able to find out since no one would really be able to tell on what the future looks like and its true that there would really be lots of factors that would really be affecting
you and your success considering that there would really be tons of challenges not only on the business or investment itself but also challenges in against jealousy and toxicity with other people.
We do know that ones that they've been seeing you that going upwards in terms of financial state in short crab mentality. This is why it wont really be that so easy on making yourself
that getting that finish point and its not something attainable on short course or period of time.

Specific age? The earlier the better on which you could really be having that kind of chance on growing but in overall age doesnt really matter as long you do able
to achieve your dream rather than on making yourself that no action towards on specific times or simple sittle idle. You wont really be finding yourself
that feasible if you wont really take any actions.

[Fortify]

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.

It can really depend on the education system in your country really, because I get the feeling that while many will teach things like math, they do not set students up well for any more complicated financial situations where they might find a lot more use. Things like debt, credit, the stock market, bonds and other topics are not really discussed in any great deal at the lower levels of education but play such a crucial role in peoples lives that they should be. It also depends on the lifestyle that someone leads, as it is quite common for the lowest wage workers to barely scrape by in their 20's and they really should be maximizing all the money they get for fun adventures in that time as experiences are important too.

[franky1]

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

Regarding what Sir Franky1 said here too, it's very correct. At a younger age, like 18-25, our responsibilities are very low because by then we are still under the care of parents; they provide shelter, clothing, and even feeding. If we are opportune to start working part time and making some money, the money could be going mostly for saving our investment.

in hindsight everyone looks back at early adult spending habits, we all wish we were less reckless and used that era of parents shelter to accumulate wealth. but we were all young and foolish and not thinking of the future.

..
i personally think the most financially stable era is the 50yo+ stage.
this is when most mortgages of 20-25year are paid off.. when your kids have reached 20-25 and flew the nest. and so your costs and dependants have decreased and you have had 30 years of work promotions/py increases under your belt. where finally you can just concentrate on you and the wife instead of kids, mortgages and school costs.

[Japinat]

Financial stability does not matter as to what age it will be achieved. We all have different priorities in life and different opportunities that coming into our lives, so its up to us if we will take advantage of them at an early age or we'll just enjoy life first because we only live once. With or without financial stability, we all have to live and enjoy life even if it means losing the chance to achieve financial stability at the process.

However, having financial stability is still a very crucial decision that we should also learn to consider. One should not only focus on living the present at its best but we also have to think about our future and how we can live it at its fullest. The reason why some individuals take risk as early as possible to be financial stable at an early age if that could be the only reason to protect and secure their future, especially their children's future. While some established financial stability at the late age of 20's, while others are still in the process of achieving their financial stability at the age of 30's or 40's since their opportunities also came late compared to others.

[Natalim]

Honestly, I'm actually quite bored of hearing the words 'I'm still young, why do I have to save, I have to enjoy life', to be honest, these words are trap sentences that always appear in the minds of young people, so I continue to emphasize that everyone should learn to invest from an early age, and don't refuse to feel the sensation. People who are used to managing their money well at a young age will definitely be successful people when they are old. Neglecting to manage finances is actually not an exact science, so it requires full patience to be able to master it and only time will tell.

It is very usual to hear those words because what is in their mind is to just enjoy themselves as they believe about YOLO.
Well, they have the right to choose what kind of life they have to be in the future and we know that those people who started building their finances earlier make a good fortune. Successful people sacrifice their happiness more often just for the sake make of making more money rather than making themselves too comfortable but yes, they end up getting more and have a very comfortable life when they are old.

[coupable]

I think we are supposed to find a definition for the concept of “financial stability” and that it is not linked to any age stage. One of the most convincing definitions for me is that financial stability is when we achieve a balance between expenses and income without the risk of disruption in the medium or long term.

 Saying that we can't link financially stability to age because one can't really know when they can break out of poverty to become financially stable in the aspect of gaining freedom from financial crises, but indeed, financially stability is usually more enjoyable during youths age when one is still very young and strong to get what they want, but for a very old person to attain financial stability when they become very old, like 60-80 years old, what more of an adventure would they be at then? Despite the fact that everyone might not still be of the same caliber or come from the same society of gold, we can also try to plan ourselves and set some goals that we intend to achieve with time, the earlier the better and the younger, the better too.

All of these are possible possibilities that may change depending on the person’s circumstances and capabilities, according to his abilities. Logically, a person from adolescence until early old age has a greater ability to perform physical and intellectual efforts more efficiently than he does in early childhood or old age. But we must not ignore that this may also be related to the person’s good choices in accordance with his condition and the surrounding circumstances.
Let us take the example of two people who live in a country with unstable security (at war) and a weakened economy. One of them was in good health and was affected by the reality of the war and continued to live on humanitarian aid without thinking that he could find a better solution. The second, with less health capabilities, worked smuggling supplies from a neighboring country and became a wealthy merchant or joined the army and secured better living conditions for himself. Of course, this example takes into account that the two live in the same country and are at risk of death every day. What distinguishes between the two cases is the person’s will to survive in better conditions, no matter how volatile the general situation is.

[dothebeats]

There's no particular or recommended age to become financially stable, but if you start your investments early, you'll reap the rewards early.

It's also worth noting that no one really goes straight to investing on stocks, real estate, or any sort of things like that at an early age, unless you're using your parents money or only extremely lucky to be at the right place and at the right time to have the money to buy in on these assets. What most people do is invest on their skills and eventually land a high paying job. During those times, you also work on your 'network' to increase your chances of getting jobs that pay higher. And while you do this, you are already trying to keep some of your salary for the rainy days, or possibly an investment. It's a gradual process, and it depends entirely on the circumstances on whether you'll break out of the salaryman stage early or late--or never at all.

You can accomplish all of this if you put a bit of effort and consistency. Invest in yourself, and trust the process. There's no limit to financial stability except yourself.

[TimeTeller]

There's no particular or recommended age to become financially stable, but if you start your investments early, you'll reap the rewards early.

It's also worth noting that no one really goes straight to investing on stocks, real estate, or any sort of things like that at an early age, unless you're using your parents money or only extremely lucky to be at the right place and at the right time to have the money to buy in on these assets. What most people do is invest on their skills and eventually land a high paying job. During those times, you also work on your 'network' to increase your chances of getting jobs that pay higher. And while you do this, you are already trying to keep some of your salary for the rainy days, or possibly an investment. It's a gradual process, and it depends entirely on the circumstances on whether you'll break out of the salaryman stage early or late--or never at all.

You can accomplish all of this if you put a bit of effort and consistency. Invest in yourself, and trust the process. There's no limit to financial stability except yourself.

There's no defined age when to achieve such stability. But the earlier, the better.
Because it means, you can enjoy what you really wanted to do, pursue your passion and more.
But most of the time, during our early years, we tend to enjoy life and not worry about our future.
We spend more to unnecessary things, and very few think about investments.
If you happen to realize early that you need to secure your future, you will thank yourself later on.

[poodle63]

Honestly, I'm actually quite bored of hearing the words 'I'm still young, why do I have to save, I have to enjoy life', to be honest, these words are trap sentences that always appear in the minds of young people, so I continue to emphasize that everyone should learn to invest from an early age, and don't refuse to feel the sensation. People who are used to managing their money well at a young age will definitely be successful people when they are old. Neglecting to manage finances is actually not an exact science, so it requires full patience to be able to master it and only time will tell.

It is very usual to hear those words because what is in their mind is to just enjoy themselves as they believe about YOLO.
Well, they have the right to choose what kind of life they have to be in the future and we know that those people who started building their finances earlier make a good fortune. Successful people sacrifice their happiness more often just for the sake make of making more money rather than making themselves too comfortable but yes, they end up getting more and have a very comfortable life when they are old.

then another question arise, are you sure you will live until you're old? thats what people who have the ideas of YOLO usually have, imagine saving a million and can't even use a dime.
i'd argue thats quite plausible statement there, personally i have the idea to enjoy life but not enjoying too much that i'd spent on various luxurious thing.
just some luxury and thats it after all you can't buy your prime years, even when you're old and have so much money in your bank account are you sure you can enjoy all those things.
after all by the time, our body might not be at prime and can't even do many things that our younger selves eager to do.