What is the right age for financial stability?

[Amphenomenon]

Age doesn't matter for having financial stability, all that matters is being able to seized every opportunity that comes our way, I know of a girl who is already making it well as a programmer at the age of 15 now. Let even come close to this Forum, there have been alot of  young adults who have been living well even becoming millionaires because they invested in bitcoin, even teenagers can be among, its just matter how we react to opportunities.

[uswa56]

There is no described age or perfect age for financial stability. Those who were born with a silver spoon where already stable in finances even before they grew up. Last year i had a conversation with my one of my course mates. His mother is the adviser to one of the senators of the states in my country. And he said, "Bro do you know the worst day of my life". I replied 'no'. Then he said "it was the day my car broke down on the road and I have to wait for the government mechanic to come and fix it" I was surprised that it was his worst day. As you can see his future is already promised and he is already stable financially. Accounts created with his names, business and other things.

The most important thing we need to seek after is to find a skill that we can do so that we can always earn from it. There is no age that is agreed for financial stability. This is based on individual self because one can be rich now and later lost there businesses or job that is giving them money creating a difficult time for them to pay bills and live life up to the fullest. We are hustlers are we have the hustling spirit to make money for ourselves, I don't think there would be a time when we have to complain for funds to pay for our bills and improve our lifestyle.

That is the most important thing, the source of income that he will get in whatever way, because we live in this world with different standards so there is no set time in a person's life to achieve financial stability.

What needs to be remembered is that we live in different places, different environments, different supports and different responsibilities, so I really don't like comparing someone's achievements with anyone else because it's very unfair.
We just need to focus on ourselves in earning income, regardless of whether it will make us achieve financial stability or not.

[ChiBitCTy]

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.

I just got done giving a "retirement readiness" presenation to one of the US 50 States Deferred Comp plan.  So as a financial advisor, this is the type of quesiton/topic that comes up most often..

What I can say is this, save as much as you can as early as you can, life comes quick and it will pay off tremendously!

Run a monthly budget if you're not doing so already.  It's very important to keep a budget of all your monthly expenses.  As long as you dig deep in to your monthly expenses, you can easily come up with a very accurate number of how much you should be saving for your retirement (after expenses, both fixed and variable are taken care of).

Always increase your contributions to your retirement plans as often as possible!!

[bittraffic]

Age doesn't matter for having financial stability, all that matters is being able to seized every opportunity that comes our way, I know of a girl who is already making it well as a programmer at the age of 15 now. Let even come close to this Forum, there have been alot of  young adults who have been living well even becoming millionaires because they invested in bitcoin, even teenagers can be among, its just matter how we react to opportunities.

15 seems too early to think of making money. At this age, kids will just be playing in the classroom. Not all but a kid making money will be hard for parents to control. They will think they can live on their own already.

But most of them will only be thinking of financial stability when they get married because they now have a family to support. 35-40 would be the ideal. I think by then at this age a man will settle in peace.

[Hatchy]

15 seems too early to think of making money. At this age, kids will just be playing in the classroom. Not all but a kid making money will be hard for parents to control. They will think they can live on their own already.

But most of them will only be thinking of financial stability when they get married because they now have a family to support. 35-40 would be the ideal. I think by then at this age a man will settle in peace.

I don't think age 15 is too early for someone to make money. If you are opportuned at that age I see no reason why you shouldn't make the move. A lot of persons as a child, face so many financial problem. Coming from a poor background would just be the right motivation for someone at that age to want to find financial stability. But as a child, I still think that they might not be able to make the right decisions and squander their wealth in things that doesn't really matters.

[Captain Corporate]

I hope its not my age, because I am nowhere near stability lol. I understand that not everyone could approach it the same way, but that doesn't mean that we are not going to end up with any stability until we die, some may get it young and some may get it old, our job is to keep it going as far as we can. I personally do enjoy the situation as much as possible and I like that I am not stable right now, because I am young and that means I need to keep on working as hard as I possibly could to keep it going, if I had some stability I may have taken a risk and do something stupid and put my old life in danger, this way I keep working and hopefully will do better when I retire.

[Balmain]

Of course, the sooner the better to start investing. But at that age, your ideals are much more about having fun and living in the moment, so we don't care much about the future. Generally, when a negative problem comes from a major external factor, one starts investing with the feeling that it is too late. Of course, the same is not true for everyone. It is a very true issue that 5 fingers are not one in five. My elders have always said that if a man has not organized his job and financial income by the age of thirty, the rest is an abyss. Frankly, they say that there is not much hope for that person's future. You need to have financial stability at the age of 30-35, or even earlier. In the information age we live in, it is very possible to do this at an earlier age. You just need a virtuous and disciplined life for financial stability.

[junder]

Age doesn't matter for having financial stability, all that matters is being able to seized every opportunity that comes our way, I know of a girl who is already making it well as a programmer at the age of 15 now. Let even come close to this Forum, there have been alot of  young adults who have been living well even becoming millionaires because they invested in bitcoin, even teenagers can be among, its just matter how we react to opportunities.

It's true what you said, there is no definite age limit for financial stability, it all depends on those who will run it. Young or old age cannot be a benchmark for financial stability, many people like to buy things to fulfill a lifestyle in the sense that they can be said to be wasteful because sometimes they buy things whose functions are not so important or just to fulfill the style I said. and vice versa, there are also those who manage their money well so that they can appear sober without prioritizing a luxurious lifestyle with branded goods that have an expensive price value.

But at this time many people prioritize a luxurious lifestyle to be seen by others. and sometimes they also force themselves to buy branded goods just to be seen by others, this cannot be avoided easily because of the high sense of prestige in young people. So in my opinion, young or old is the same, you can't be sure of the right age for financial stability.

[JoyMarsha]

At whatever age someone gets to be in his or her financial state, that's when his or her stars begin to shine. The world we live in is very competitive to feed and survive, not everybody discovers their financial capacity at an early stage of their life, some discover it in their old age depending on when they find it

If you look at the histories of the richest people on the planet earth, you will find out the majority of them get to their financial state at old age, after most of them have failed woefully at their early stage of life before gaining financial breakthroughs.

[KennyR]

Already in the OP it is said, all fingers weren't the same. Different people have got different responsibilities and thought process. Some turns more stable and have better understanding about finance in this early teen age, with some people it happens after 30+ years of age. We can't get fixed to specific age, and age is just a number. One should be financially stable when he/she is getting ready for marriage.

In our region there is a saying life has to be divided by 8 years. First eight years is to play, second eight years to study, within 24 years of age you need to marry. Within 32 you need a child and the next eight years is for earning. Age 40-48 years to roam the world. Upto 56 years it is to take rest. Living after 64 years without achieving this isn't gonna give us relief.

[Iroh]

What you say is correct, but age is also a factor in a person's maturity in managing finances, both personal and family finances, and even in companies.

The ideal age is 25 years and for maturity it is 40 years, here you are very mature because at that age you can control emotions in everything, so the age factor is also very influential.

I used to think that as an individual grows and advances in age, that individual gets more matured in thoughts, emotions and actions. I was dead wrong. Ordinarily, one is expected to grow and be more matured in all dealings and encounters.
Personally, I don’t consider the age of an individual to be a factor in determining the maturity level of that individual. There are kids who act maturely and behave way more responsible than some adults in our society.

There are healthy 25 Yr olds that acts maturely and healthy 40 Yr olds that needs supervision cause of their behavior. If age meant anything then, it doesn’t mean much anymore when it comes to an individual being matured.

[alastantiger]

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 do not live like this and are still not financially rich. Some people actually started to save at a young age and still didn't amount to anything because inflation, recession came and made whatever they have saved to save them. I just want to say that they were " unlucky" to be born into a country where their leaders are crooks and would rather be corrupt that save the country.

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 wonder if the citizens of Dubai will feel this way too...their government already provides for them such that they can never be poor...in Rwanda the government pays students on the university, insome other countries if you are unemployed you receive some money monthly. Sadly, in some other countries whether you save or not, you are still poor unless you leave the country.

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

I'll teach my kids from a very young age not just about saving but most importantly about investing right. Your money save may depreciate in value but I'd you invest right at an early age, you will never regret it.

[ancafe]

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.

On different occasions, people will reach the stage of financial freedom at different ages, according to the opportunities, persistence and opportunities they have when preparing for it. For some children who are born into well-established families and own businesses, their process of reaching the stage of financial stability will be much faster because there are supporting tools that they can use to achieve this. But if we are talking about children who are struggling from zero to reach the stage of financial security, the ideal age for them to carry out this process is 25 years after they have taken the university level education route.

At the age of 30 to 35 their financial strength should be much better and if they have prepared properly then they can overcome the impact of the crisis. Especially when talking about the livelihood of themselves and their families and at that age they should already have a financial plan. Two sources of income are of course very good, but if we have one stable opinion we will also be able to support the family with its various needs.

[bayu7adi]

In our region there is a saying life has to be divided by 8 years. First eight years is to play, second eight years to study, within 24 years of age you need to marry. Within 32 you need a child and the next eight years is for earning. Age 40-48 years to roam the world. Upto 56 years it is to take rest. Living after 64 years without achieving this isn't gonna give us relief.

It's quite interesting to hear about different customs in each region, but isn't it risky to start making money at the age of 32? There are fewer opportunities to explore when you're between 32 and 40 years old in developing a business. I don't have an issue with this because it's a custom in your area, although it conflicts a bit with the customs in my area where someone should ideally start earning money by the age of 20.

However, the reality is that more opportunities provided don't guarantee someone immediate financial stability. The employee mindset is deeply ingrained here, and many people are hesitant and afraid to venture into business. Not many dare to step out of their comfort zones and choose to keep working until old age.

But there are a few people in a small percentage who choose to venture into business. I see them facing ups and downs in every business they try, but some of them have already achieved financial independence at an earlier age (not reaching 32 yet).

[wajik-tempe]

Already in the OP it is said, all fingers weren't the same. Different people have got different responsibilities and thought process. Some turns more stable and have better understanding about finance in this early teen age, with some people it happens after 30+ years of age. We can't get fixed to specific age, and age is just a number. One should be financially stable when he/she is getting ready for marriage.

In our region there is a saying life has to be divided by 8 years. First eight years is to play, second eight years to study, within 24 years of age you need to marry. Within 32 you need a child and the next eight years is for earning. Age 40-48 years to roam the world. Upto 56 years it is to take rest. Living after 64 years without achieving this isn't gonna give us relief.

Indeed, your region's saying provides a fascinating life divide, emphasizing the diverse aspect of living. It highlights the need of establishing financial security before entering into marriage, which is something I agree with. The regional proverb about life being split into eight-year chunks represents a cultural perspective on life phases, however life does not necessarily follow such a regimented chronology.

[gunhell16]

Of course, the sooner the better to start investing. But at that age, your ideals are much more about having fun and living in the moment, so we don't care much about the future. Generally, when a negative problem comes from a major external factor, one starts investing with the feeling that it is too late. Of course, the same is not true for everyone. It is a very true issue that 5 fingers are not one in five. My elders have always said that if a man has not organized his job and financial income by the age of thirty, the rest is an abyss. Frankly, they say that there is not much hope for that person's future. You need to have financial stability at the age of 30-35, or even earlier. In the information age we live in, it is very possible to do this at an earlier age. You just need a virtuous and disciplined life for financial stability.

Sometimes it really depends on the age of the person. There are people who, at a young age, already have knowledge of financial stability that they don't even know about themselves because, at a young age, they are immediately involved in the early search for life just to survive every day brought on by the situation of their poverty.

And there are others who, when they reach the age of more than 30 years of age, have the so-called financial stability knowledge, according to my opinion and what I just observed.

[Davian144]

Indeed, your region's saying provides a fascinating life divide, emphasizing the diverse aspect of living. It highlights the need of establishing financial security before entering into marriage, which is something I agree with. The regional proverb about life being split into eight-year chunks represents a cultural perspective on life phases, however life does not necessarily follow such a regimented chronology.

If the proverb calls on everyone to build financial security before marriage, I think that is what should be done even though the proverb was not born for that matter. Because getting married is about building a bigger and broader life in our respective areas, it is important to build financial security before marriage for everyone (without exception). I also agree with the direction of such a saying, because it is impossible to build a household if we don't have financial security in life.

[oktana]

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 think it is very dumb to intentionally lavish one’s early stage just because they think of themselves as young. For a fact, you are young, but sooner or later, you’re going to grind for financial stability. Now, isn’t it smarter to do it as early as possible? They say “early to bird, early to rise”. You should start saving as early as possible, start investing as soon as you can because one day responsibilities will fall on you shoulders and how you’ve lived your life is what will impact everything.

[Litzki1990]

I hope its not my age, because I am nowhere near stability lol. I understand that not everyone could approach it the same way, but that doesn't mean that we are not going to end up with any stability until we die, some may get it young and some may get it old, our job is to keep it going as far as we can. I personally do enjoy the situation as much as possible and I like that I am not stable right now, because I am young and that means I need to keep on working as hard as I possibly could to keep it going, if I had some stability I may have taken a risk and do something stupid and put my old life in danger, this way I keep working and hopefully will do better when I retire.

When we are young we have enough time in our hands and enough energy in our body but we don't have financial affluence. Since we have enough time in our hands and enough energy in our body, this is the time for us to work and this is the time for us to be financially prosperous by working hard. Youth should be considered as the most important period of a person's life because if one wastes time by being lazy in youth then he has to regret a lot in later stage of life and then there is no use in regret because then there is no time. Now if we want we can work 17 hours a day seven days a week 30 days a month but when we get old but if we want we can't work 17 hours a day so if we want to work we have to do it now this is the most important time of life.

[milewilda]

What you say is correct, but age is also a factor in a person's maturity in managing finances, both personal and family finances, and even in companies.

The ideal age is 25 years and for maturity it is 40 years, here you are very mature because at that age you can control emotions in everything, so the age factor is also very influential.

I used to think that as an individual grows and advances in age, that individual gets more matured in thoughts, emotions and actions. I was dead wrong. Ordinarily, one is expected to grow and be more matured in all dealings and encounters.
Personally, I don’t consider the age of an individual to be a factor in determining the maturity level of that individual. There are kids who act maturely and behave way more responsible than some adults in our society.

There are healthy 25 Yr olds that acts maturely and healthy 40 Yr olds that needs supervision cause of their behavior. If age meant anything then, it doesn’t mean much anymore when it comes to an individual being matured.

You would really be able to find on yourself on the time which considered to be the right time or same as you said about being matured enough on the time that you are really thinking about financial stability or something that really correlates about into your future. Its true that this dont really matter on what age you do start on thinking about it, as long it would really be coming up into your mind then that would be the sweetest spot.
Reading up on some previous replies in regarding about finishing up studies on 20+ then you would be having a work then this is where people would be forgetting about on taking up steps on making their lives better.
Financial stability could really be acquired on having those investment and businesses on which it could bring out that passive income on which it would really be that resulting into that kind of particular goal.

Doesnt matter if you do start up late or not, its better late than never on which this is something that you should really be putting up into your mind. Right age? It doesnt matter much.
As long you are really making some steps no matter how small it is as long you do already set your goals and trying out to make it happen on which this is what matter the most.
There are people who are really just that easily get discourage on the time that they would encounter some hardship or failures.