Save while young better than wait

[nara1892]

Look, you can be old and rich or young an poor, but being old and poor is bad shit.

A surefire way of doing the wrong kind of things is to spend your money early or try to live a good life quickly without thinking about the future. Or if you have an ok job or income to think that is enough, even if you cannot save.

All young people, understand that time an money are linked. It is not the same to invest early than late, it is not the same  to invest more early that try to invest more later. 100 is worth 100 today, but 800 in 20 years if you play it safe but well. Make no mistake, you will need to start creating your wealth.

I agree with your point of view on saving. When you start earning, you want to spend all your money on useless stuff and show off. This will hurt you in the future because you are not saving anything, and the cost of things i.e. property, gold, silver, Bitcoin, etc., is continuously increasing. If you are not saving now, you can not afford any of these things in the future.
With growing age comes greater responsibilities because you have started your family and now have kids, and you have to spend a handsome sum of money on your family. Build your wealth when you have limited expenses, and try to increase your investments every year if you want to survive the upcoming global inflation.

Sometimes the problem is that someone is always wrong in making decisions, this is because they cannot distinguish between what is called a need and what is called a desire, I am sure if you only allocate money to something that you really need such as the necessities of life then at least there must be some money left over to then be saved for the benefit of yourself in the future, As you said that we cannot resist inflation because over time it must occur which makes the price of goods increase, and on the other hand there are quite a lot of benefits from saving money, one of which can make your life easier in terms of finance, for example when you have got a decent amount of savings then you can use that money to build a small business - small like opening a shop or whatever, the point is this can create a new place of income for you outside of the main income from your job.

On the other hand you are right that as time goes by our responsibilities will also increase, as in general there will be a time for us to start a new life with a new family, you have a big responsibility when you enter that situation where there is a wife and children that we have to support and that is entirely our responsibility, and with the savings that we have done during our youth, this will really be useful to help pay for the needs of life when we are really in a situation full of responsibility.

[Mauser]

Look, you can be old and rich or young an poor, but being old and poor is bad shit.

A surefire way of doing the wrong kind of things is to spend your money early or try to live a good life quickly without thinking about the future. Or if you have an ok job or income to think that is enough, even if you cannot save.

All young people, understand that time an money are linked. It is not the same to invest early than late, it is not the same  to invest more early that try to invest more later. 100 is worth 100 today, but 800 in 20 years if you play it safe but well. Make no mistake, you will need to start creating your wealth.

I fully agree with you, the earlier we start saving the higher will be our portfolio in the end. Both saving and investing is linked to time, the longer the period of time the return is going to be. Another important concept is to reinvest any interest, dividends or other profits we make in the meantime. This will help a lot to let our initial principal grow much faster over time. It's always nice to spend money and treat ourselves, but we need to realize that many times it's just unnecessary consumption of things we don't really need. Thinking in term of opportunity costs, which would be saving or  investing that money in crypto currencies, helped me a lot to cut back on my spending. So, better to be older and rich than young and having many things.

[killerfrost]

Blowing off steam when you're young is awesome, but picturing yourself as a broke grandpa ain't cool. So, stash some cash away, even if it's just a little bit. Think of it like building a future fort of financial security, ready to weather any storm. Start small, like saving spare change or using those fancy budgeting apps that make it automatic. Remember, every penny counts, and thanks to compound interest, that little seed you plant now will grow into a giant money tree later.

But don't forget to invest in yourself too! Learning new skills, taking care of your health, and building strong relationships are all ways to secure a bright future. Plus, who knows, maybe that cool coding class you take lands you a job that lets you retire early and live on that beach with all the piña coladas you can handle! Life throws curveballs, so having an emergency fund is like having a superhero cape for your finances. Unexpected expenses won't leave you scrambling, and you can focus on the important stuff, like conquering that epic video game or nailing that karaoke performance.

[taufik123]

-snip-
Build your wealth when you have limited expenses, and try to increase your investments every year if you want to survive the upcoming global inflation.

What's more appropriate is to build your own Business to grow sustainable wealth, so you will have a definite income.
Increasing investment will also provide a good opportunity for the future, but see what investments are chosen.

Make sure to choose a good and recommended type of investment, Investment in Gold, Land and Buildings or property and also in Bitcoin which will grow wealth faster with rapid price fluctuations.

-snip-
There won't be anything we can do about it when we become old, we truly need to take our responsibility to make it right while we're still young.

In old age, it is time to retire and leave all kinds of heavy and stressful work.
To be able to retire safely and comfortably, it is necessary to build a business that will guarantee our old age.

One of them is with a lot of investment made.
We see in 10–20 years, if we hold Bitcoin or a property that will provide a large enough return of course,
it will probably be enough to guarantee our old age life later.

But of course it is not easy to build all that, it takes good management and good income also at this time.

[Gladitorcomeback]

That's why at the moment I'm not really good at saving because we it can't generate us any good profit since we just let the money sleep on our wallet or bank accounts. That's why its really better to invest it on things that we can possibly generate a profit. But if someone afraid to lose their money and don't know what to do maybe they just try to venture on things that can possibly give them a passive income like investing on real estate assets having a rental property either commercial or residential spaces can give us passive income and that's what I'm aiming for since for sure once we get retired our assets can save us from getting broke and it can continuously generate us profit that can be used for our daily needs.

This is what people need and they should think about what they are plans for future so that they have goals to reach and some inspiration to proceed.

All the investment opportunities are not useless because you will have experience that bitcoin, gold, property and many more are there which can give you good sum of money but if they are handle well. People will be afraid of one field so they can easily choose another one which will give them profit but if they afraid from all the field then their money will go to decrease in value without gaining any value.

If someone is afraid of bitcoin and altcoins due to its volatility then buying and selling of land can provide them good profit but if someone is experience in such thing. Your fear will be automatically reduces if you have experience because experience and knowledge make a man bold.

[tbterryboy]

It's true that 100 is worth today but what will be its worth after several years? The purchasing power of it whether it's in the form of dollars or any fiat currencies out there, one thing is significant and the same is that it will be lessened due to inflation. As for saving while young, it's also best to teach them to invest while they're young. Anything that's going to help them be wise on how they handle money is a win for most of the young ones.

With the inflation, the 100 dollar bill, does actually look like it was 10 dollars only . The OP only think about the positive result or if we invest it the said amount. But, what if not? The increasing inflation will again eat most of its value. That should be the real meaning of playing safe OP. To not invest.

I agree about teaching the young ones to save and invest as early as possible. This is what many of us adults regretted. It's either our parents didn't teach us about it, or they do but we don't take it seriously. Now, we don't want the same mistake to happen to our kids or to the other young people. They will surely thank us for this one day, once they follow it strictly.

[Alana Arden]

Look, you can be old and rich or young an poor, but being old and poor is bad shit.

seriously! When you look at an old person that is struggling financially you tend to wonder what he did with his youthful age that resulted in his current situation at the moment.

The mistake most people make is that they use their youthful age all out and spend all their earnings on frivolous stuff forgetting that a time would come when their strengths will become weak and what they will need to depend on will be more of their investment.

While one is still young, it's necessary to invest in business that will feed you in the future, invest in people and set up real financial structure that will back you up when your strength will fail you. Old age is a certainty for everyone and it's just unwise to make your plan without putting that in consideration.

In view of this writing, I want to give everyone a different background.l see two classes of people wherever I live.
First, I have seen a class of people who have worked hard in their youth for the bright future of their families. So he invests or saves money without spending it unnecessarily. As a result, they have problems with their youth. However, they forget that once the time is gone, it does not return.

Second, the thoughts of other classes of people are completely different. They invest in their children at an old age, thinking that their children will take care of them. So their youth is ignorant, but when they understand, it is too late. He could not get the power of youth, even if he wanted. In many cases, children give up their old age after they prove wrong. Oh sorry.
In the end, both of their youth and old age were lost in this thought.

My point is, why do they think so?
If we are adolescents or young, we see what we eat, wear, or do for ourselves. When we grow up, we can do nothing. Many problems face. Again, I may not be healthy.
On the other hand, is there a guarantee that my kids will not take care of their kids the way my child has hurt their future?

We need to decorate the present (adolescence or youth) in such a way that old age is not very low.

[JayTrain]

From personal experience, I've come to realize that starting to invest in oneself and one's financial future should happen sooner rather than later. The difference between those who make this decision today and those who procrastinate becomes significant over time. I recommend all young people seriously consider their finances, start investing, and build financial stability for a brighter future.

[romero121]

Investing wisely is the key to retiring earlier. Nowadays, the young generation is much more into technological advancement, and the same has given them the path to explore as well as handle things in a better way than in the past, when people required more time to manage things. This way, we've got more time to analyze, and now it is our duty to find the right one and invest. On some occasions, here also the luckiest survive, unlike the research we do. We need some sort of coincidence in the prediction that keeps us positive and makes our minds want to invest more and more.

[Lanatsa]

Look, you can be old and rich or young an poor, but being old and poor is bad shit.

A surefire way of doing the wrong kind of things is to spend your money early or try to live a good life quickly without thinking about the future. Or if you have an ok job or income to think that is enough, even if you cannot save.

All young people, understand that time an money are linked. It is not the same to invest early than late, it is not the same  to invest more early that try to invest more later. 100 is worth 100 today, but 800 in 20 years if you play it safe but well. Make no mistake, you will need to start creating your wealth.

I agree with your point of view on saving. When you start earning, you want to spend all your money on useless stuff and show off. This will hurt you in the future because you are not saving anything, and the cost of things i.e. property, gold, silver, Bitcoin, etc., is continuously increasing. If you are not saving now, you can not afford any of these things in the future.
With growing age comes greater responsibilities because you have started your family and now have kids, and you have to spend a handsome sum of money on your family. Build your wealth when you have limited expenses, and try to increase your investments every year if you want to survive the upcoming global inflation.

Sometimes the problem is that someone is always wrong in making decisions, this is because they cannot distinguish between what is called a need and what is called a desire, I am sure if you only allocate money to something that you really need such as the necessities of life then at least there must be some money left over to then be saved for the benefit of yourself in the future, As you said that we cannot resist inflation because over time it must occur which makes the price of goods increase, and on the other hand there are quite a lot of benefits from saving money, one of which can make your life easier in terms of finance, for example when you have got a decent amount of savings then you can use that money to build a small business - small like opening a shop or whatever, the point is this can create a new place of income for you outside of the main income from your job.

On the other hand you are right that as time goes by our responsibilities will also increase, as in general there will be a time for us to start a new life with a new family, you have a big responsibility when you enter that situation where there is a wife and children that we have to support and that is entirely our responsibility, and with the savings that we have done during our youth, this will really be useful to help pay for the needs of life when we are really in a situation full of responsibility.

Committing wrong decisions in life is normal on which we cant really be perfect on anytime we do make out some decisions specially if you are someone who is really that trying out to
deal up with multiple things like investment and other stuffs which it would really be something that pertains or giving out that kind of chance on making yourself that successful.
We cant really be able to hit that bulls eye on first try and this is why it would really be that best that you should really know on how to adjust accordingly into such situations.
Savings? Of course it would really be that relevant and later on you should be mindful about on making investment as well.

All of us do really wants or wishes to have that kind of financial freedom on which we do know that we could do everything if we are really that financially capable.
There are really things on which it cant be obtained if you dont really be doing such hard work.

[ndutndut]

From personal experience, I've come to realize that starting to invest in oneself and one's financial future should happen sooner rather than later. The difference between those who make this decision today and those who procrastinate becomes significant over time. I recommend all young people seriously consider their finances, start investing, and build financial stability for a brighter future.

Yes, exactly. Many people who procrastinate think more about momentary pleasure than finances in old age. That's why the younger generation needs to dream. Because when we think about dreams, they turn into plans. When we say a plan, it will change shape again into a commitment. When we carry out our commitment, it will change shape again and become a reality.

So while you're still young, don't waste your age having fun, make the best use of your money by investing for the future, such as Bitcoin, property and gold. This is a long-term investment, the younger generation must be aware of all this so that we can achieve financial freedom in old age. If you plan to be successful in Life, you have to think it, believe it, and make your beliefs work for you.

[shinratensei_]

Look, you can be old and rich or young an poor, but being old and poor is bad shit.

A surefire way of doing the wrong kind of things is to spend your money early or try to live a good life quickly without thinking about the future. Or if you have an ok job or income to think that is enough, even if you cannot save.

All young people, understand that time an money are linked. It is not the same to invest early than late, it is not the same  to invest more early that try to invest more later. 100 is worth 100 today, but 800 in 20 years if you play it safe but well. Make no mistake, you will need to start creating your wealth.

also to grow wealth we need to tread carefully though we could be saving all our life and make our money gone in a matter of second just because we are too greedy trying to grow wealth, remember even growing wealth is not as easy as said by many people, but as long as it is healthy investment and always make decision based on logic i think it wil eventually get us to financial independence when we are old enough.
I also agree fully with being too comfortable with job that just pays enough to make ends meet, that just means we are in danger zone because to be frank, fluctuation eats up our wealth, our purchasing power gonna be decreasing by just few years because im pretty dang sure the employer aren't gonna raise the salary rate based on inflation.
if our job is just enough, find side hustle, find something that could boost up our career, find something that can make us save some money and still have enough money left and then we can start investing.

[Samlucky O]

All young people, understand that time an money are linked. It is not the same to invest early than late, it is not the same  to invest more early that try to invest more later. 100 is worth 100 today, but 800 in 20 years if you play it safe but well. Make no mistake, you will need to start creating your wealth.

According to one article I read , it say the time is money and our lives is somehow merged with money indecence that the way we spend our money is the way we use our time. We hustle with time to make money and if that money is not spent meaningfully, it mean you have just waisted that time you worked for it. The more you waste money money you waste your time and effort and loosing your life gradually with your mistakes. One single mistake with the misuse of time can make you poor forever in your life.

So whenever you use your time very well you stand a chance to make your world a better place and you will be respected for that.
Successful people are respected always. The respect they get from people is do to how they where able to make  use of there Time very well. The question is now what are you doing with your time? Because what you do with time determine who you are and what you can do. Because when you use your time well, you can promise and redeem your promise because you know what you are doing.

[Fakhrulenclix]

From personal experience, I've come to realize that starting to invest in oneself and one's financial future should happen sooner rather than later. The difference between those who make this decision today and those who procrastinate becomes significant over time. I recommend all young people seriously consider their finances, start investing, and build financial stability for a brighter future.

Yes, exactly. Many people who procrastinate think more about momentary pleasure than finances in old age. That's why the younger generation needs to dream. Because when we think about dreams, they turn into plans. When we say a plan, it will change shape again into a commitment. When we carry out our commitment, it will change shape again and become a reality.

So while you're still young, don't waste your age having fun, make the best use of your money by investing for the future, such as Bitcoin, property and gold. This is a long-term investment, the younger generation must be aware of all this so that we can achieve financial freedom in old age. If you plan to be successful in Life, you have to think it, believe it, and make your beliefs work for you.

Environmental factors are quite influential on the younger generation so that there is a desire for them to be able to balance the lifestyle of their circle so that they put aside or don't think too much about the future, which is quite unfortunate actually, but this is a real thing that is happening right now.

Those of us who are aware of this may be something to be grateful for because saving or investing for the future is very important.
When we are young we seek a lot of knowledge, money and everything that will be of great benefit in old age.

[radjie]

Look, you can be old and rich or young an poor, but being old and poor is bad shit.

A surefire way of doing the wrong kind of things is to spend your money early or try to live a good life quickly without thinking about the future. Or if you have an ok job or income to think that is enough, even if you cannot save.

All young people, understand that time an money are linked. It is not the same to invest early than late, it is not the same  to invest more early that try to invest more later. 100 is worth 100 today, but 800 in 20 years if you play it safe but well. Make no mistake, you will need to start creating your wealth.

I fully agree with you, the earlier we start saving the higher will be our portfolio in the end. Both saving and investing is linked to time, the longer the period of time the return is going to be. Another important concept is to reinvest any interest, dividends or other profits we make in the meantime. This will help a lot to let our initial principal grow much faster over time. It's always nice to spend money and treat ourselves, but we need to realize that many times it's just unnecessary consumption of things we don't really need. Thinking in term of opportunity costs, which would be saving or  investing that money in crypto currencies, helped me a lot to cut back on my spending. So, better to be older and rich than young and having many things.

It's good if we can balance an ordinary or simple lifestyle, but when there is an urgent need to have spare money to spend.  In other words, living life as usual, being able to enjoy it and not being too wasteful and even requiring you to always be able to set aside money for savings.  Saving from an early age is recommended, but don't let us be burdened by holding ourselves back by limiting everything

[slapper]

All young people, understand that time an money are linked. It is not the same to invest early than late, it is not the same  to invest more early that try to invest more later. 100 is worth 100 today, but 800 in 20 years if you play it safe but well. Make no mistake, you will need to start creating your wealth.

According to one article I read , it say the time is money and our lives is somehow merged with money indecence that the way we spend our money is the way we use our time. We hustle with time to make money and if that money is not spent meaningfully, it mean you have just waisted that time you worked for it. The more you waste money money you waste your time and effort and loosing your life gradually with your mistakes. One single mistake with the misuse of time can make you poor forever in your life.

So whenever you use your time very well you stand a chance to make your world a better place and you will be respected for that.
Successful people are respected always. The respect they get from people is do to how they where able to make  use of there Time very well. The question is now what are you doing with your time? Because what you do with time determine who you are and what you can do. Because when you use your time well, you can promise and redeem your promise because you know what you are doing.

That rigid view you promote traps people in negativity. A trap, plain and simple. You just associate time with money, but there's more. Listen up: not every minute counts, and not every dime represents worth. My friend, your view is dangerously restricted. You say time is money, but let's not forget: it's also opportunity, growth, relationships. Ever considered that? It goes beyond hustling for money. What you hustle for important. Money spent on education, experiences, health? That's investment, not waste. You're living a worthwhile life, not wasting time. Respect isn't reserved for the wealthy. Yes, good time use earns it, but not always profitably. Means impactfully. I challenge you to look past dollar signs. How are you spending your time? Are you enriching your life, thoughts, and relationships? That's true success

[obuoma]

-snip-
There won't be anything we can do about it when we become old, we truly need to take our responsibility to make it right while we're still young.

Absolutely correct, life in the  young is sweeter compared to old age because you have the energy to do what ever you desire to do. No wonder our one of our lecturer in school was advising us that what ever thing we need to  we should start now we are still young he infancies basically on marriage using himself as an example that if you wait to have everything before you get married and refused to marry when you are still young that you will use your retirement benefit in training your children at old age when you are suppose to be relaxing and taking care of yourself.
 
As a newbie in the forum seeing this type of discussion is very interesting as this advised can also be applicable to investment. You must not wait till you have everything before you start investing  you can plan yourself and invest at your level using DCA method like they say drop of water make an ocean. Investing in younger age is very sweet because you will have all the time and energy and also benefit maximally on your investment and enjoy stress free life at old age.
 

[BitcoinTurk]

With the inflation, the 100 dollar bill, does actually look like it was 10 dollars only 😃. The OP only think about the positive result or if we invest it the said amount. But, what if not? The increasing inflation will again eat most of its value. That should be the real meaning of playing safe OP. To not invest.

I agree about teaching the young ones to save and invest as early as possible. This is what many of us adults regretted. It's either our parents didn't teach us about it, or they do but we don't take it seriously. Now, we don't want the same mistake to happen to our kids or to the other young people. They will surely thank us for this one day, once they follow it strictly.

Certainly, considering the economic conditions we are in, it is much more logical to invest instead of saving because fiat currencies are losing value against inflation. Moreover, this is unfortunately the case with strong currencies and any state-owned currency will unfortunately not have its current value in the future. For this reason, I think it would be better to invest as well as save because an investment with good risk management gains significant value in the long term.

Teaching younger generations the importance of saving is of course very important but in today's conditions I think it would be more beneficial to teach younger generations how to invest correctly and evaluate these investments efficiently. Especially for children, teaching investing is as important as family and social education. For this reason, I think it is the responsibility of every family and teacher to teach their children how to invest in the right way.

[dezoel]

This is the type of thinking that would get you a longer period of time that you are rich, and not very few amount. Most people save until they are sixty years old and that may seem like a lot, because after sixty, you are not going to be able to physically enjoy life as much as you can than earlier, hell even in your 30's your body starts to crack, and have some issues, but when you are in 20's you are going to be a lot better.

So what you should do, start saving since high school, and save until you are 40, that would be about 25 years, and if you can save just 10% of your money every single month, then you are going to be able to retire, with right investments of course not just saving. That would mean, at 40 years old, you may retire, and if you live to 80, you will have 40 years to do whatever you want, instead of just 20 years.

[Fuso.hp]

From personal experience, I've come to realize that starting to invest in oneself and one's financial future should happen sooner rather than later. The difference between those who make this decision today and those who procrastinate becomes significant over time. I recommend all young people seriously consider their finances, start investing, and build financial stability for a brighter future.

Yes, exactly. Many people who procrastinate think more about momentary pleasure than finances in old age. That's why the younger generation needs to dream. Because when we think about dreams, they turn into plans. When we say a plan, it will change shape again into a commitment. When we carry out our commitment, it will change shape again and become a reality.

So while you're still young, don't waste your age having fun, make the best use of your money by investing for the future, such as Bitcoin, property and gold. This is a long-term investment, the younger generation must be aware of all this so that we can achieve financial freedom in old age. If you plan to be successful in Life, you have to think it, believe it, and make your beliefs work for you.

Most of us youngsters do not value our time and we waste it very easily without thinking about the next phase of life. This young age is one of the most important times to build your career. At this young age a person's career can go well and due to some wrong decisions that person's career can go bad. Since at this age there is enough strength in our mind and body strength as well as ability to work hard, so we should think deeply about this time without wasting this time and take the right decision. If there are enough opportunities to invest at this stage of career, we must think ahead so that we never miss that opportunity. If we can work hard when we are young then we can live a normal life in later age and then we will not have any regrets.