Save while young better than wait

[Mate2237]

This remind me of a popular phrase that "enjoy your money when you are young". Yes to some extent it is good to enjoy life when your young but don't forget to save for your old age because when you are old you can't do job and anything to survive so at that time you can only eat from your youthful labour. So when you enjoying at your youth don't forget to save for the old age. If you are poor in your youthful age then it will also affects your old age because in your old age your can't do job again so you eat from others. And that is a shameful life.

Prepare your life when you are young. When you are old and still poor then you have lost your glory on earth. It is better your poor in the youthful age and be a rich man in the old age. One can become a rich man in the old age base your hard work in the youthful time. Therefore don't give up and continue working when you can do that in the youthful days.

[puloweh555]

Creating financial freedom in the future is everyone's dream, of course, but it is also up to you to achieve it. Saving alone is not enough because the value can decrease along with inflation that occurs every year.

The best way for us to prepare our future funds well and make our savings more profitable is to invest, as you said, from 100 in 20 years, we can get profits many times over. Apart from that, in my opinion, to be able to have sufficient assets and savings, the key is management. I would rather save than buy something that is not a basic necessity. The savings calculation which always increases every month also makes me even more enthusiastic about saving and investing.

[kentrolla]

These are the kind of topics which should be discussed often because youngsters have to create wealth and need the understand the importance of time and the kind of wealth they can generate by taking right steps as it may look small now but if they choose right medium then it would make their life much easier. I have seen how people who have just saved the amount are struggling because it doesn't best inflation at the same time I have seen people who had invested into stocks, mutual funds are in much better situation. We need to carefully choose our investment and go ahead while we have time.

[paxmao]

Although I understand what you mean but your English is weak and seems a little bit hard to comprehend fast.

It's has been the topic of everyday that one should make sure in life that your rich, don't live for today and suffer in future while you plan for today also look into your future.

There is one thing I know too well, that it's not my fault I'm from a poor background but it will be my fault if I remain in that background. At the very young age of men it's meant to be spent wisely knowing too well that in less than no time nature will take it's part in your life and you will be left no chance of changing the past.
Make haste while the sun shine.

dude... a native should have no problem understanding my English, I am just writing slang-ish and ignoring a few  grammar rules because I do not intend to write a book. Warrent Buffet says the best day to invest was yesterday and the second best today, so I guess better to be late than to not be at all. At least, you will have some short of pot rather than zero.

[Churchillvv]

Although I understand what you mean but your English is weak and seems a little bit hard to comprehend fast.

It's has been the topic of everyday that one should make sure in life that your rich, don't live for today and suffer in future while you plan for today also look into your future.

There is one thing I know too well, that it's not my fault I'm from a poor background but it will be my fault if I remain in that background. At the very young age of men it's meant to be spent wisely knowing too well that in less than no time nature will take it's part in your life and you will be left no chance of changing the past.
Make haste while the sun shine.

dude... a native should have no problem understanding my English, I am just writing slang-ish and ignoring a few  grammar rules because I do not intend to write a book. Warrent Buffet says the best day to invest was yesterday and the second best today, so I guess better to be late than to not be at all. At least, you will have some short of pot rather than zero.

I meant no harm dude... You know not everyone is native, so isn't much understand by those who aren't English natives. You should consider that sometimes speaking from empathetically based on few non English bitcoiners who couldn't understand my writings sometimes ago. I felt they might be doing so now!

Well you're correct! My dad always told me, son be 1hr early than a minute late. Fun fact; in my home we got a big clock that is always an hour fast, so we are always an hour faster than the rest of the people in my neighborhood   if they wake 5am in the morning, we wake same 5am but an hour fast which is 4am so I learnt to do things as early as possible. And I sure im applying that in my investment life.

There is one thing I know too well, that it's not my fault I'm from a poor background but it will be my fault if I remain in that background. At the very young age of men it's meant to be spent wisely knowing too well that in less than no time nature will take it's part in your life and you will be left no chance of changing the past.
Make haste while the sun shine.

Don't shut yourself in this box labelled "not my fault." Many people do that and they say that because they had a hard time, there's no point in trying since they're at a disadvantage. The fact that your parents divorced, or you were abused, or you were poor growing up doesn't make it impossible for you to make money. It's just that you're starting much lower than some other people, like Biden's son.
When I was younger I had very little money but I never gave up. There are people much wealthier than me and I'll never rich that level, but I came from a situation where I had to save up for a year to buy myself a new computer or a bicycle to a situation where I save up for a year to buy a car. If I knew what I know now at young age, I'd have much more money, but that's a process of growing up. Most of us are dumb before we hit 30.

Thank goodness I'm still very young (a kid) and I'm learn this at a young age so I guess I will be making a better choice and never put my self in such box.

[Stalker22]

Thats absolutely true!  Aging without financial stability is less than ideal, to say the least.  Even regular folks with decent incomes gotta think realistically about their expenses.  You might not get to live large but some wise money decisions now can still set you up okay down the road.

[SmartGold01]

People thinks wealth creation comes when we have an abundant work or a kind of steady cash flows from every angle without even think and knowing that one can create her wealth by paving a channel to their source of income by increasing investment, this could be crypto currency investment, landed proper and stock. To anything that that would serve as a wealth preservation even though it seems like you aren't doing the normal thing currently but to you is an investment while to others it's a thing of depriving themselves from living their luxury life.
Investment and a means of wealth preservation is something very important to any woman or man out there because many families has gone broke due to their inability to save to or invest in their future for a better tomorrow at times after having a self comfort they felt people that are coming in future are to set their nets according to their sizes.

[Fortify]

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.

While saving is the first step you begin to take when your finances are stabilizing, it is really better to invest when you're young (after you've got a bit of a buffer stored in savings) because the bank interest rates will rarely beat the returns you get from the stock market. Now is maybe an exception, because we are in that rare scenario where you can get 5% solid from a almost zero risk bank savings account, or get less than 5% yield from big companies like Coca Cola. The difference with many bank accounts is, they will often only give you a guaranteed rate for a set amount of time like a year, whereas if you see a good buying opportunity in an investment you could get way better compounding returns in the long run.

[sulendra12]

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.

It's always recommended to invest on any good investment method in early days or when you are wrong. It could be good for your future such as marriage and retirement savings, older generations tend to don't have investment back at the day hence they struggle with the economy, but with so many investment method currently I do think there is no reason to not invest especially when you are financially capable to do so.

[The Sceptical Chymist]

Take it from someone who's a bit older than the average bitcointalk member (I have to assume), what OP says is absolutely true--and it's of utmost importance if you don't want to end up old and worried about money. 

I swear I was interested in the stock market from an early age and wish I'd dived into it much earlier than I did.  That's one of my regrets, and believe me I've got a long list of them dealing with financial stuff.  As far as I'm concerned, young people should put aside whatever they can afford to, every week, month, whatever, and invest in stocks, crypto or something that's going to pay off in the future.  Anything but a traditional savings account that pays next to nothing in interest.  Take it from a poor old chymist that you don't want to be writing similar words on bitcointalk 20+ years from now.

[Assface16678]

This remind me of a popular phrase that "enjoy your money when you are young". Yes to some extent it is good to enjoy life when your young but don't forget to save for your old age because when you are old you can't do job and anything to survive so at that time you can only eat from your youthful labour. So when you enjoying at your youth don't forget to save for the old age. If you are poor in your youthful age then it will also affects your old age because in your old age your can't do job again so you eat from others. And that is a shameful life.

Prepare your life when you are young. When you are old and still poor then you have lost your glory on earth. It is better your poor in the youthful age and be a rich man in the old age. One can become a rich man in the old age base your hard work in the youthful time. Therefore don't give up and continue working when you can do that in the youthful days.

This is somehow true, but for me, I have different beliefs in life. I want to enjoy my youth and do the things I want while saving up, but it is not literal that I will limit my expenses just to put them in the savings. No, that's why I'm doing investments and planning to have a business; that's the definition of "enjoy your money when you are young." Even though I will spend a lot of money just to enjoy my life while I'm still young, I'm making sure that I have retirement plans through investments and also business, because when the time comes that I can't work in the corporate world anymore, I want to have something that could make me money, and that's when investments and business come. Don't limit yourself just because you want to save up for your future or retirement; make it possible that you can enjoy life however you want while you are securing your future and retirement. That is the best retirement plan I could think of. You've enjoyed your youth at the same time you are secured in the future.

[poodle63]

This remind me of a popular phrase that "enjoy your money when you are young". Yes to some extent it is good to enjoy life when your young but don't forget to save for your old age because when you are old you can't do job and anything to survive so at that time you can only eat from your youthful labour. So when you enjoying at your youth don't forget to save for the old age. If you are poor in your youthful age then it will also affects your old age because in your old age your can't do job again so you eat from others. And that is a shameful life.

Prepare your life when you are young. When you are old and still poor then you have lost your glory on earth. It is better your poor in the youthful age and be a rich man in the old age. One can become a rich man in the old age base your hard work in the youthful time. Therefore don't give up and continue working when you can do that in the youthful days.

thats essentially enjoying life while knowing our limits and capabilities, if our salary will only suffice for something then stop at that thing no need to go out taking some loan just for the sake of enjoying life, so many peopl are enjoying their life too excessively nowadays and become broke by the time they are at their 50s.
if someone truly want to really enjoy their life then they neeed to put in more hardwork than usual, get that career up, get that income up, also try to find passive income through investing, then when then income has risen significantly, only then someone could enjoy their life, even then they also need to watch out not to overspending on some unnecessary thing.
thats because so many things created just to drain people out of money like branded stuff.

[freedomgo]

Be responsible with your finances while you are still capable and able to earn and save. That way, if you do the right thing early, you will see a bright future ahead. But if you procrastinate things and keep waiting for the perfect time, you will see yourself being left behind and regretting.

Although there is no competition in the real world, but it's always an edge if you're on the top of others. Not actually richer or wealthier than them, but being competitive on everything will head you to a productive and progressive life.

[Wexnident]

Naturally. I think the only thing young people fear when starting to think about investments and whatnot is that the traditional stock market can be pretty hard to get into. At least in the past, I guess? Recently mobile wallet apps have them included as their service where they act as a proxy or something (idk how it works tbf, but they have it).  Back when I was interested in stocks there was jack about it and I was really confused how to get into it which is why I just went into crypto instead.

Entering into the workforce solidified this idea in me more since my salary is bloody peanuts compared to the expenses you need to pay. And this is without a family to support, imagine if I planned to build one this early on. Glad I found side gigs I could use to support saving up really.

[tsaroz]

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.

It's about achieving the balance between today and the future. Everyone should have a retirement plan, some way of passive income stream till you survive.
Planning for future is something everyone must do without fail but it's also not worth living your present in the anticipation of hard times in the future. We should be enjoying our lives when we are young and able. Life wouldn't be as fun in the old age as it's today. Even though 100 may be worth 800 in the future but due to inflation, it might not be able to provide what 100 gives you today. And it would certainly not provide the youth energy and state of body.

[gunhell16]

Creating financial freedom in the future is everyone's dream, of course, but it is also up to you to achieve it. Saving alone is not enough because the value can decrease along with inflation that occurs every year.

The best way for us to prepare our future funds well and make our savings more profitable is to invest, as you said, from 100 in 20 years, we can get profits many times over. Apart from that, in my opinion, to be able to have sufficient assets and savings, the key is management. I would rather save than buy something that is not a basic necessity. The savings calculation which always increases every month also makes me even more enthusiastic about saving and investing.

I agree with what you said. All of us here want financial freedom, and that's why financial freedom depends on our hands. There can't be a correct process; the other is the wrong process to achieve financial freedom.

Although we all know here that crypto can be an instrument for this matter of financial freedom, we know that cryptocurrency is not the only instrument to achieve financial freedom, just because we are here in the crypto space.

[yhiaali3]

This is the worst thing that happens to young people in their early lives. They want to live a comfortable life quickly, but few of them take into account the future and save enough to have a secure future.

Young people cannot be blamed at this early stage of life because they are at an age where they do not fully bear responsibility and their thinking is immature, and this is the responsibility of the family in the first place and society in the second place in educating young people at this dangerous age.

Now that we have reached this advanced age, we have the experience to understand these things, but most of us may have made the same mistakes in our youth at the beginning of our lives.

[sekalitas]

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 that we need to start building our wealth as soon as possible when we're young. Instead of being distracted by short-term spending, I think it's better to invest in ourselves first, like developing skills to get jobs with higher incomes. After that, we can start investing in things like cryptocurrency, for example. 

[Fuso.hp]

Every young person at some point of age realizes that his life will be like this and he can continue like this but the reality is something different. I have seen many people who spent uncontrollably in their youth and lived a very good life in their youth but at some point of age they had to live a poor life. When we have the ability to earn money and when we have the strength of our body, we should think about the future, but the future will not be like this, and our future may be better than this. If a young person thinks that one day he too will grow old or his financial condition will deteriorate one day, but he must plan for his future. Wise people always think about the future. We who are young now should work hard enough now because while working now we should earn enough money and wealth by working hard now and we must think about it for the future.

[HONDACD125]

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.

It is not good to spend more than you need, but especially in youth, there is no sense of such things. It is natural that in youth one does not think about old age nor does it occur to him that one day he will become old and face financial problems. Some people may be serious about the future from a young age.

No doubt late investing and one income stream shouldn't be over-relied, but many people have problems that make it difficult to invest that seems easy to us.However, as people invested in Bitcoin in the beginning, today they are reaping the rewards of their investment. In the same way, we should also have such a thought.
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