Save while young better than wait

[Antotena]

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.

It baffles me when I see young guys blessed with so much wealth at such a younger age and they choose to live a lavish lifestyle, a life that is so expensive that they don't think about tomorrow. Most of these youngs pals doesn't know that there opportunities that you will have in life when you are younger will never come again or cross path again. Instead of when they make a life changing opportunity, they should invest the money or double the standard of where that money comes from, they will rather enjoy partying and clubbing.

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 have made up my mind that my parent might have the opportunity to give me what I want and need in life but I will make sure I secure the life of my child and myself included, I will make sure that when I get old, I will make sure I am proud of how I spend my money and how I utilize them when I'm younger.

[Mame89]

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.

It baffles me when I see young guys blessed with so much wealth at such a younger age and they choose to live a lavish lifestyle, a life that is so expensive that they don't think about tomorrow. Most of these youngs pals doesn't know that there opportunities that you will have in life when you are younger will never come again or cross path again. Instead of when they make a life changing opportunity, they should invest the money or double the standard of where that money comes from, they will rather enjoy partying and clubbing.

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 have made up my mind that my parent might have the opportunity to give me what I want and need in life but I will make sure I secure the life of my child and myself included, I will make sure that when I get old, I will make sure I am proud of how I spend my money and how I utilize them when I'm younger.

because there is no need to work hard to earn money, so it is not uncommon for many people to be born into rich families but by living in luxury their children make their parents' inheritance run out and even lead to poverty. So it is not surprising that most of them do not value money and their lives are full of prestige.

Rarely do we see children of rich people able to continue or expand their parents' wealth. So in my opinion, apart from that we have to invest in bitcoin and others to create financial freedom in old age. From now on we must teach our children about financial literacy so that they understand that controlling their finances is important for their future. If you teach them to invest early, that's much better, and it is important to invest as early as possible for the long term as op said.

[goldkingcoiner]

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.

You just listed the reasons why saving will not really work out, in the long term.

Something worth 100 today is worth 800 in 20 years. But you still have the same amount of money as you put into your account. That is not really productive. What would be productive is to put that money into something that you can hold and that something will grow in value, over time. I personally would recommend Bitcoin but there are other ways to invest. And there are so many things worth investing into because their value steady keeps rising.

 

[oktana]

I’d say that one should work hard while young because being old and broke comes from not working hard while young. Let’s remember that we can’t save our way to the top. Wealthy people didn’t save their way up there. You will have to do many jobs, invest in various opportunities, start your own business, etc. But whatever you do, start as early as possible so in maybe a decade you can reflect back already to see the distance you’ve covered.

I think working hard is not enough. We need to learn about new things in the world of investment and business, and try to build a business from now on. Apart from that, money management is also very important. Because I see quite a lot of hard workers who don't become rich until they get old or even, people who have a lot of salary but fall into bad management, so that it has a very negative impact on their finances in old age. So, I think there are many aspects that must be involved. It was indeed very troublesome, but it was a price that had to be paid to become rich when old.

I literally pointed that out. But I started with saying work hard because the money with which you will use to invest or start the proposed business will definitely not fall from the sky. So you need to earn that money by working hard first, and then push your own establishment. Saving money is meaningless to me because instead of saving it and it will be stagnant or reduce in value (since money is always printed), you should look for ways to multiply it.

[TopT3ns]

I literally pointed that out. But I started with saying work hard because the money with which you will use to invest or start the proposed business will definitely not fall from the sky. So you need to earn that money by working hard first, and then push your own establishment. Saving money is meaningless to me because instead of saving it and it will be stagnant or reduce in value (since money is always printed), you should look for ways to multiply it.

As long as you are still very young, working hard is really necessary to enjoy old age because it is impossible when you are old but still have to work hard because, of course, you don't have much performance and energy anymore because now you can become rich. There is no easy way, and everything requires quite a long process, and it is not easy to get wealth instantly.

[shinratensei_]

I literally pointed that out. But I started with saying work hard because the money with which you will use to invest or start the proposed business will definitely not fall from the sky. So you need to earn that money by working hard first, and then push your own establishment. Saving money is meaningless to me because instead of saving it and it will be stagnant or reduce in value (since money is always printed), you should look for ways to multiply it.

As long as you are still very young, working hard is really necessary to enjoy old age because it is impossible when you are old but still have to work hard because, of course, you don't have much performance and energy anymore because now you can become rich. There is no easy way, and everything requires quite a long process, and it is not easy to get wealth instantly.

unfortunately sometime working hard just doesn't working out no pun intended but there are many that have tried working hard all their life escaping poverty but still ended up in one.
sometime its matter of luck too we can be hard working our ass off since we were young and still broke ass when we get old maybe get scammed along the way or just facing bankruptcy this just means that nothing is guaranteed even if we are working hard but at least we have already putting that effort.
however though if we get consistent salary then maybe saving is one way to go, but then again won't make us as rich as we pictured it out to be at best we will be well off when we are old but thats it.
nothing luxurious. since life is just so unclear and so unpredictable i don't think we can always plan and have it very smooth going.

[mamesso]

~Snip~

You just listed the reasons why saving will not really work out, in the long term.

Something worth 100 today is worth 800 in 20 years. But you still have the same amount of money as you put into your account. That is not really productive. What would be productive is to put that money into something that you can hold and that something will grow in value, over time. I personally would recommend Bitcoin but there are other ways to invest. And there are so many things worth investing into because their value steady keeps rising.

This is caused by inflation. On the other hand, the increase in income is not as fast as inflation, the ability or purchasing power is decreasing due to income not being able to keep up with inflation. Saving at the bank will provide interest as compensation for the funds they have saved, but the interest rate on savings is lower than the rate of inflation. If inflation crawls to 10%, the lowest interest on savings is only 4%, by setting aside some money for savings, you actually lack the money to buy these goods, clearly this is very unproductive.
Having savings alone is not enough to maintain purchasing power, especially if the goal of saving is to increase assets or wealth. Yes, investing is a way to overcome inflation and maintain purchasing power.

[zaim7413]

We are always taught "Time is money, wasting time is like wasting money". We always kept this concept in mind when we were still studying, the aim was not to become lazy young people who would end up tragically living their old age in poverty. Youth is the most productive time to invest for old age, money collected in different investment assets, such as gold, land, real estate or now the most commonly known young generation Bitcoin investment which is very profitable for the long term, really helps prevent poverty when you are old.

Poor young people can still work perfectly, their physical and energy are still strong, their time is still long and they don't have to bear much burden. Everyone who wants their old age to be free from all financial problems will try to use their time to accumulate wealth as long as they can while they are still young.

[Mahanton]

I literally pointed that out. But I started with saying work hard because the money with which you will use to invest or start the proposed business will definitely not fall from the sky. So you need to earn that money by working hard first, and then push your own establishment. Saving money is meaningless to me because instead of saving it and it will be stagnant or reduce in value (since money is always printed), you should look for ways to multiply it.

As long as you are still very young, working hard is really necessary to enjoy old age because it is impossible when you are old but still have to work hard because, of course, you don't have much performance and energy anymore because now you can become rich. There is no easy way, and everything requires quite a long process, and it is not easy to get wealth instantly.

unfortunately sometime working hard just doesn't working out no pun intended but there are many that have tried working hard all their life escaping poverty but still ended up in one.
sometime its matter of luck too we can be hard working our ass off since we were young and still broke ass when we get old maybe get scammed along the way or just facing bankruptcy this just means that nothing is guaranteed even if we are working hard but at least we have already putting that effort.
however though if we get consistent salary then maybe saving is one way to go, but then again won't make us as rich as we pictured it out to be at best we will be well off when we are old but thats it.
nothing luxurious. since life is just so unclear and so unpredictable i don't think we can always plan and have it very smooth going.

At least you do try even if things doesnt turn out with your plan but at least you have done something which it could give out the chance to make yourself achieve a certain state that you havent been able to experience before. We do all really wishes up on becoming rich or having that financial freedom on which its normal that we would really be doing all sorts of things that could possibly give out that kind of opportunity.
Savings does have that different usage on which it isnt really just that limited for the sake of emergency purposes but also for investment purposes and having those back up funds whenever things turns out to be shit.
Somewhat not all would really be that good when it comes to planning and hard work on which majority would really be that failing up on doing so.

When we are still that young or having still that source of income on which we would really be that confident for sometime for us to have that kind of thinking that
our resources wont really be that be able to cut-off and when the time that thing happens then this is where we do make out those realizations.

[DanWalker]

We are always taught "Time is money, wasting time is like wasting money". We always kept this concept in mind when we were still studying, the aim was not to become lazy young people who would end up tragically living their old age in poverty. Youth is the most productive time to invest for old age, money collected in different investment assets, such as gold, land, real estate or now the most commonly known young generation Bitcoin investment which is very profitable for the long term, really helps prevent poverty when you are old.

Poor young people can still work perfectly, their physical and energy are still strong, their time is still long and they don't have to bear much burden. Everyone who wants their old age to be free from all financial problems will try to use their time to accumulate wealth as long as they can while they are still young.

In theory that's true and what you say is not wrong. But how many people can do that because there is a huge gap between saying and doing? Let's look at the reality we live in, how many young people are doing exactly what they are taught in school, or do most just know how to have fun, rely on their parents and never think about the future? What I see is that young people today speak very well and listen very well, but not many of them can do what they say.

I have many friends, they have great ideas, they are very good at planning but so far their lives are not much better. Therefore, we need to look at the results they achieve instead of just listening to them ramble about life.

[bettercrypto]

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 remember when I was 23 years old, I said to myself that I should have my own house and lot before I turn 30 years old, but that didn't happen because I said that then because I was one of the members of MLM businesses that made me believe that I would succeed in life. But it didn't work for me.

It just happened that I had a house and lot when I stumbled upon cryptocurrency when I was 40 years old. That's why I'm very grateful that I discovered this cryptocurrency, or Bitcoin, because I was able to save money to have my own house and lot and motorcycle as well together with a small business. .

[Gozie51]

I remember when I was 23 years old, I said to myself that I should have my own house and lot before I turn 30 years old, but that didn't happen because I said that then because I was one of the members of MLM businesses that made me believe that I would succeed in life. But it didn't work for me.

Talking about savings, this MLM reminds me of it own kind of savings. To me it is not a savings pattern that is reliable in the sense that there is so much hope giving to you to continue in the multi level marketing but at the end it is not worth it. In order words, while we are saving, we need to save in the right direction and not to put our money in scam project in the name of trying to save for the future and it turns out to be a scam project likewise some altcoins will end up as exit scam like most MLM ends up to be a waste of time . Bitcoin investment is the most crypto guarantee investment and savings plan.

[erep]

In theory that's true and what you say is not wrong. But how many people can do that because there is a huge gap between saying and doing? Let's look at the reality we live in, how many young people are doing exactly what they are taught in school, or do most just know how to have fun, rely on their parents and never think about the future? What I see is that young people today speak very well and listen very well, but not many of them can do what they say.

I have many friends, they have great ideas, they are very good at planning but so far their lives are not much better. Therefore, we need to look at the results they achieve instead of just listening to them ramble about life.

You are right, but not everyone is like your assumptions and many poor people have great ideas but they can realize the ideas into opportunities to achieve high financial levels. I have reviewed that the wheels of the economy in the era of globalization have changed faster than the era before technology, they take advantage of social media and other activities to have the opportunity to get a job with the aim of getting maximum monthly income.

Many educated people will be able to utilize technology for maximum income purposes and I remember my friend who has been successful as a famous YouTuber and he was previously only good at babbling but he has proven that he will be the most successful person in the future.

[lizarder]

You are right, but not everyone is like your assumptions and many poor people have great ideas but they can realize the ideas into opportunities to achieve high financial levels. I have reviewed that the wheels of the economy in the era of globalization have changed faster than the era before technology, they take advantage of social media and other activities to have the opportunity to get a job with the aim of getting maximum monthly income.

Many educated people will be able to utilize technology for maximum income purposes and I remember my friend who has been successful as a famous YouTuber and he was previously only good at babbling but he has proven that he will be the most successful person in the future.

There are many opportunities in the growing world of technology for people to achieve financial freedom. As long as we have ideas and more creative behavior in seeing existing opportunities, the economy in the technological era makes it easier for people to access many things. Now many social media pay contributors to make videos and all people need to do is learn to understand making videos and that is a convenience that we cannot possibly get on the system previously.

YouTube has given financial wealth to many people and I also see that there are many young people around me who are successful on the platform and now they have developed other businesses after earning a lot of money on it. There are many opportunities for young people to develop their potential because there are so many opportunities now.

[Dr.Osh]

I remember when I was 23 years old, I said to myself that I should have my own house and lot before I turn 30 years old, but that didn't happen because I said that then because I was one of the members of MLM businesses that made me believe that I would succeed in life. But it didn't work for me.

It just happened that I had a house and lot when I stumbled upon cryptocurrency when I was 40 years old. That's why I'm very grateful that I discovered this cryptocurrency, or Bitcoin, because I was able to save money to have my own house and lot and motorcycle as well together with a small business. .

Sometimes what we plan doesn't always go smoothly. Because of this, we have to keep trying. However, until now I am still trying at that stage. I also keep dreaming of owning a house, car, and more now, but I think it's still quite difficult. However, I did not give up and continued to work and save, and learn about new business ventures. However, I realize that wasting money on things that are not a priority when you are young is not what you should do to build a better future. So, I thought about starting to save, and continue to improve my skills in business.

[oktana]

I literally pointed that out. But I started with saying work hard because the money with which you will use to invest or start the proposed business will definitely not fall from the sky. So you need to earn that money by working hard first, and then push your own establishment. Saving money is meaningless to me because instead of saving it and it will be stagnant or reduce in value (since money is always printed), you should look for ways to multiply it.

As long as you are still very young, working hard is really necessary to enjoy old age because it is impossible when you are old but still have to work hard because, of course, you don't have much performance and energy anymore because now you can become rich. There is no easy way, and everything requires quite a long process, and it is not easy to get wealth instantly.

unfortunately sometime working hard just doesn't working out no pun intended but there are many that have tried working hard all their life escaping poverty but still ended up in one.
sometime its matter of luck too we can be hard working our ass off since we were young and still broke ass when we get old maybe get scammed along the way or just facing bankruptcy this just means that nothing is guaranteed even if we are working hard but at least we have already putting that effort.
however though if we get consistent salary then maybe saving is one way to go, but then again won't make us as rich as we pictured it out to be at best we will be well off when we are old but thats it.
nothing luxurious. since life is just so unclear and so unpredictable i don't think we can always plan and have it very smooth going.

I hear you but I don’t totally agree that you can work so really hard and things still don’t work out. I agree that luck counts because different people have good luck and bad luck, however, if you put in massive efforts without backing down (it’s never as easy as it sounds), things will work out. Many popular people we see today don’t have the talent they are using to make money, they forced and pushed themselves to learn it. These days people do less and claimed that they’ve put in the effort.

[Twentyonepaylots]

I totally agree with you. Most young adults and teenagers nowadays tend to spend their money on things that can give them short-term happiness, like drinking, partying, or anything that will make them happy. They are living their best life because they are young. "You only live once" is what others said. I am not saying that it is bad, but what I am trying to say is that it is too much and can cost you in the future.

They can save some of the money they spend. But saving alone cannot guarantee them a good life when they get old or retire. They can combine saving with investing. Invest in things that they think can last longer, things that will have more value in the years to come. Or build a business that can help them increase their monthly income. If you combine these three with discipline, you'll have more when you retire.

But like I said, too much of anything is bad, so don't just focus on the grind but also keep living in the present and enjoy life. It is all about balancing your life.

[nara1892]

I remember when I was 23 years old, I said to myself that I should have my own house and lot before I turn 30 years old, but that didn't happen because I said that then because I was one of the members of MLM businesses that made me believe that I would succeed in life. But it didn't work for me.

It just happened that I had a house and lot when I stumbled upon cryptocurrency when I was 40 years old. That's why I'm very grateful that I discovered this cryptocurrency, or Bitcoin, because I was able to save money to have my own house and lot and motorcycle as well together with a small business. .

Sometimes what we plan doesn't always go smoothly. Because of this, we have to keep trying. However, until now I am still trying at that stage. I also keep dreaming of owning a house, car, and more now, but I think it's still quite difficult. However, I did not give up and continued to work and save, and learn about new business ventures. However, I realize that wasting money on things that are not a priority when you are young is not what you should do to build a better future. So, I thought about starting to save, and continue to improve my skills in business.

Yes, it's clear because there is always something that we cannot predict, however it is just a plan and this also confirms the statement about failure in every goal but that doesn't mean that when you fail you can't continue, the point is that the risk and possibility of failure always cannot be avoided. completely and everything comes back to each individual - if basically you are one of those people who doesn't give up easily and keeps trying then you will be able to turn failure into success, and this is also where "the process will not betray the results". But yes, nothing is as simple as that, and perhaps we have often heard that "it's easier said than done", laziness within a person is usually always something that can hinder the journey, therefore only a few people can ultimately be successful. in his career because there is something that not everyone can do and maintain. On the other hand, of course, money management is a very important thing that everyone must have because after all, life is still a long journey and therefore we often hear suggestions that if we do have more funds, it is better to save them for other purposes in the future. which is really very important. So emphasizing and maintaining the habit of saving must be done in addition to improving our skills to make more money.

[Lantind]

Sometimes what we plan doesn't always go smoothly. Because of this, we have to keep trying. However, until now I am still trying at that stage. I also keep dreaming of owning a house, car, and more now, but I think it's still quite difficult. However, I did not give up and continued to work and save, and learn about new business ventures. However, I realize that wasting money on things that are not a priority when you are young is not what you should do to build a better future. So, I thought about starting to save, and continue to improve my skills in business.

Yes, it is true that what we have planned well will not necessarily be able to be completed according to what we want. There will always be obstacles and obstacles that we have to overcome in order to get perfect results. Even though it is very difficult, we still have to complete it for what we want. we have dreamed of.
If we cannot use the income we have well then this will be a big loss because we will not have money that we can use for investing or saving and it would be better for us to be aware of this to be able to use the money we have wisely so that we can set aside our income to save and invest for the future.

[Sanitough]

Saving & planning for your future when you are young is really important for building wealth later in life. By starting early you have the advantage of time & compounding interest. Saving allows you to accumulate funds over time giving you a financial cushion for emergencies & unexpected expenses. Planning for the future helps you set clear goals & create a roadmap to achieve them. It can help in developing disciplined financial habits & avoiding debt. Investing wisely in your younger years can generate substantial returns ensuring a comfortable & financially secure future.

Saving should be encouraged during our early years, but unfortunately majority still end up without savings not because one has no plan for his future, but sometimes life gives us a challenge to survive in a daily basis and saving becomes the last option. However, that does not mean that success won’t come for those who are not able to save, but if you can save as early as you can, and creates early investment plans, there will be bigger opportunities and chances to be successful early in the future.