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Author Topic: Save while young better than wait  (Read 3178 times)
Barikui1
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February 25, 2024, 07:41:51 AM
 #321

In this life that we are, it's very important to plan our future, so as to be stable financially expecially during old age, because it's not funny at all to be poor during old age.

To me, saving when you are young is not the ideal thing to me, what I believe is best and more ideal is investing that money into anything that increase in value overtime, because the current economic situation in the country now is not favourable to people that are saving, because inflation is a real enemy to any money being saved up.
 
So I suggest that in other to secure our future, we should invest more of the money we planned on saving into anything that appreciate in value overtime, something like Bitcoin, Land and gold.

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February 25, 2024, 11:07:51 AM
 #322

I guess investing money for future is a must, at the same time, it should not be done at the cost of totally ruining the present life, it should be a balance, life is so unpredictable so like we need to save for emergencies as well, a planning for old age when we can have good amount of money we can spend on health and other necessities, and we should also spend during the present times to fulfill our needs and wants now as well but surely in a limit. Cheesy
It should be balance and I agree and it's up to what kind of investor are you. There are investors that can sacrifice a lot and applies delayed gratitude just for them to keep invested.

It is how you handle those desires that you currently have and if you're living a frugal life. Don't forget to enjoy but never settle about your future and keep prepared.

So, that's how you should balance it. That's kind of tough but when you get used to it, you'll understand it later on.



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February 25, 2024, 11:33:59 AM
 #323

It's always going to be better to be early in anything and there are a lot of actual results from people that started early and can possibly be worth more than just holding on to it. It somehow can apply to the HODL. Timing the market is hard but making trades and making sure that it is a surefire way to profit is better. So investing your money in a calculated risk is a great way to really actualize the growth of your money.

Yes it's because my people have their saying that it's best to pursue black goat at day time rather than night because is dangerous since night have same color mix with the goat, what that implied is that any failure from early time have it's effects on the later end. Success is best pursue when the energy is there at youthful age investment is very important because at old age one need relax to enjoy his labour, just as it's today those who invested in Bitcoin from the beginning can be referred as youthful age not with the level success are enjoying there effort then.

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February 25, 2024, 12:18:10 PM
 #324

I guess investing money for future is a must, at the same time, it should not be done at the cost of totally ruining the present life, it should be a balance, life is so unpredictable so like we need to save for emergencies as well, a planning for old age when we can have good amount of money we can spend on health and other necessities, and we should also spend during the present times to fulfill our needs and wants now as well but surely in a limit. Cheesy
It should be balance and I agree and it's up to what kind of investor are you. There are investors that can sacrifice a lot and applies delayed gratitude just for them to keep invested.

It is how you handle those desires that you currently have and if you're living a frugal life. Don't forget to enjoy but never settle about your future and keep prepared.

So, that's how you should balance it. That's kind of tough but when you get used to it, you'll understand it later on.
Changing habits that require us to leave something we're used to will definitely take time to get things back to normal. Suppose we used to live by fulfilling what we want at that moment, but when we want to invest then we have to leave that habit and focus more on our allocation for investment.
As I said before, it takes time, and it's not easy to immediately change the habits that we did before. But with our effort and intention, it will be fine.  The future is something we have to think about because it's not just for us but for our families too. Indeed, now we have to sacrifice first before we can enjoy the results of our hard work.

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February 25, 2024, 09:55:28 PM
 #325

I guess investing money for future is a must, at the same time, it should not be done at the cost of totally ruining the present life, it should be a balance, life is so unpredictable so like we need to save for emergencies as well, a planning for old age when we can have good amount of money we can spend on health and other necessities, and we should also spend during the present times to fulfill our needs and wants now as well but surely in a limit. Cheesy
It should be balance and I agree and it's up to what kind of investor are you. There are investors that can sacrifice a lot and applies delayed gratitude just for them to keep invested.

It is how you handle those desires that you currently have and if you're living a frugal life. Don't forget to enjoy but never settle about your future and keep prepared.

So, that's how you should balance it. That's kind of tough but when you get used to it, you'll understand it later on.
Changing habits that require us to leave something we're used to will definitely take time to get things back to normal. Suppose we used to live by fulfilling what we want at that moment, but when we want to invest then we have to leave that habit and focus more on our allocation for investment.
As I said before, it takes time, and it's not easy to immediately change the habits that we did before. But with our effort and intention, it will be fine. 
Yeah, it takes time and that habit has to be developed by doing continuously and practicing of doing it time and time again.

The future is something we have to think about because it's not just for us but for our families too. Indeed, now we have to sacrifice first before we can enjoy the results of our hard work.
That's true.

If you don't want to struggle when you get older, you have to make necessary adjustments and sacrifices that you can do right now before everything is too late to regret.



.
.BIG WINNER!.
[15.00000000 BTC]


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February 25, 2024, 10:21:16 PM
 #326

Changing habits that require us to leave something we're used to will definitely take time to get things back to normal. Suppose we used to live by fulfilling what we want at that moment, but when we want to invest then we have to leave that habit and focus more on our allocation for investment.
As I said before, it takes time, and it's not easy to immediately change the habits that we did before. But with our effort and intention, it will be fine.  The future is something we have to think about because it's not just for us but for our families too. Indeed, now we have to sacrifice first before we can enjoy the results of our hard work.

This happens to many young people today in my environment, where they are more concerned with a lifestyle that is only temporary while they don't think about the clear future that will happen to them, and they should have been able to prepare for it when they were still young. where they have to work hard to be able to get a large income because it is for their own good too, even though at the moment it is difficult to find work, there is no harm in them trying to get a job that is worthy of themselves. When they get a job they must be able to think about the future, not just fulfill temporary needs Saving for the future or investing must be done, because if you don't do it yourself who else will you?
Changing habits such as expenses that are not too important must be done, by having a clear income they must be able to manage their finances well, for example recording expenses, and prioritizing needs that they must fulfill and be responsible for such as paying electricity water or other bills, You must also be able to set aside some of the money you earn for savings. The main problem here, in my opinion,  is that only a few young people can manage their money well, even those who are married there are still those who cannot manage their finances well, so they often have problems with their finances and this must be fixed.

What you say is correct, changing habits really takes time and in my opinion you have to have strong consistency, because in my environment there is a young person who doesn't work and every day he just plays games, so often he says he wants to change his life to work and have an income. What's clear is that I'm tired of hearing it, therefore in my opinion if it's just words without a strong intention then it's the same as lying, if there are indeed words then there must be thoughts that encourage oneself to take action that leads to goodness such as changes in management. finances or having the will to make movements that can get out of their comfort zone, most young people today are stuck in their comfort zone even though it doesn't produce anything. because it's true what you said, the future is something we have to think about, therefore we have to be able to move, or invite people who have no movement at all to move forward. whatever way it has to be done, every once in a while I always encourage my friend with what he says which leads to progress, I support that, even though he often says it but doesn't take action and I sometimes get annoyed hearing that, but I still support what he is going to do. as long as it is something that leads to progress for himself. In my opinion, working hard at a young age is a must, because it will determine our future, including our own family.

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February 26, 2024, 08:01:20 AM
 #327

The future is something we have to think about because it's not just for us but for our families too. Indeed, now we have to sacrifice first before we can enjoy the results of our hard work.
That's true.

If you don't want to struggle when you get older, you have to make necessary adjustments and sacrifices that you can do right now before everything is too late to regret.
And it's better to make sacrifices for a better life in the future than to just enjoy in the moment and when we're old there's nothing to take away.
Actually, we can still enjoy the results of our efforts, it's just that maybe the difference is the time, for example we usually pamper ourselves once a week, and when we invest we can still do it, it's just that the time becomes once a month. Pampering yourself after being tired of doing activities is something natural, we can go on vacation to a place we like or go anywhere to please ourselves. I also usually do that, because for me it's important to restore my spirit.

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February 26, 2024, 04:46:48 PM
 #328

I guess investing money for future is a must, at the same time, it should not be done at the cost of totally ruining the present life, it should be a balance, life is so unpredictable so like we need to save for emergencies as well, a planning for old age when we can have good amount of money we can spend on health and other necessities, and we should also spend during the present times to fulfill our needs and wants now as well but surely in a limit. Cheesy
I agree that investment is indeed very necessary. It is possible that a situation or condition is very impossible to predict. Therefore, we must prepare ourselves from now on to be on guard in the future. That is because every human being will not be able to continue to live fresh like now where we can still work with a healthy body condition. Because for the future everyone must continue to age. If we start from now when we are young, healthy, also fresh energy.
For the future when our bodies cannot allow us to work like now. So, in the future when our age has continued our lives will not be too difficult to think about other living and economic needs. B
To minimize that, invest
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February 26, 2024, 06:28:57 PM
 #329

That's true, it's very important and better to save while still in a young age especially the way our society it's going now, if we say there is time to make money, let's still enjoy now, when the time comes, we will hustle. That's very a bad idea to think of, like this now, we have every reason to make money at young aga because the world has advanced so much that we have start taking care of ourselves in our 18 and above, we don't longer wait for our parents again, also save while being young saves us a lot from the future and we will be rich forever both for our children.
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February 26, 2024, 06:59:04 PM
 #330

I guess investing money for future is a must, at the same time, it should not be done at the cost of totally ruining the present life, it should be a balance, life is so unpredictable so like we need to save for emergencies as well, a planning for old age when we can have good amount of money we can spend on health and other necessities, and we should also spend during the present times to fulfill our needs and wants now as well but surely in a limit. Cheesy

Investing is much more better than saving, saving is also good but if you want a continue thing starting from how you want your financial situation to look like in the future. Having the mindset to invest is something that can save you over time, and saving can only be of help in a very short period of time. The future and the present  are not predictable, and that is what makes investment more important than saving, when you have any form of emergencies your investment will have backup so, as for me is a go go for investment than to save. And if the is need for health issues then your investment will have a separate emergency funds for the investment and the investor.

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February 26, 2024, 08:13:35 PM
 #331

The future is something we have to think about because it's not just for us but for our families too. Indeed, now we have to sacrifice first before we can enjoy the results of our hard work.
That's true.

If you don't want to struggle when you get older, you have to make necessary adjustments and sacrifices that you can do right now before everything is too late to regret.
And it's better to make sacrifices for a better life in the future than to just enjoy in the moment and when we're old there's nothing to take away.
Actually, we can still enjoy the results of our efforts, it's just that maybe the difference is the time, for example we usually pamper ourselves once a week, and when we invest we can still do it, it's just that the time becomes once a month. Pampering yourself after being tired of doing activities is something natural, we can go on vacation to a place we like or go anywhere to please ourselves. I also usually do that, because for me it's important to restore my spirit.
Yeah.

And this is what I am doing right now, sacrificing what I can so that I can have a better life soon. Because we don't know how long we're going to stay on this world.

As we leave our family here, we leave with a legacy that will be helpful to them and at least they're not going to have a bad life while leaving them.



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March 01, 2024, 03:08:56 PM
 #332

I guess investing money for future is a must, at the same time, it should not be done at the cost of totally ruining the present life, it should be a balance, life is so unpredictable so like we need to save for emergencies as well, a planning for old age when we can have good amount of money we can spend on health and other necessities, and we should also spend during the present times to fulfill our needs and wants now as well but surely in a limit. Cheesy

Investing is much more better than saving, saving is also good but if you want a continue thing starting from how you want your financial situation to look like in the future. Having the mindset to invest is something that can save you over time, and saving can only be of help in a very short period of time. The future and the present  are not predictable, and that is what makes investment more important than saving, when you have any form of emergencies your investment will have backup so, as for me is a go go for investment than to save. And if the is need for health issues then your investment will have a separate emergency funds for the investment and the investor.
Saving and investing are two things that people must do to strengthen the future economy. However, both of these things are difficult for everyone because they are very dependent on income. However, saving seems to be more suitable for all groups because they can set aside their income even with a very small amount, while investing can only be done by people who already have sufficient financial means. So I really like these two models to strengthen my economic foundation, and investment is the right step to take.

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March 01, 2024, 03:56:29 PM
 #333

I think crypto is probably the best way for young people to leapfrog over the often dire economic situation for them in many western countries. Older people are far less likely to take advantage of cryptocurrency than young people, so it is a unique opportunity.
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March 01, 2024, 05:08:11 PM
 #334

I guess investing money for future is a must, at the same time, it should not be done at the cost of totally ruining the present life, it should be a balance, life is so unpredictable so like we need to save for emergencies as well, a planning for old age when we can have good amount of money we can spend on health and other necessities, and we should also spend during the present times to fulfill our needs and wants now as well but surely in a limit. Cheesy

Investing is much more better than saving, saving is also good but if you want a continue thing starting from how you want your financial situation to look like in the future. Having the mindset to invest is something that can save you over time, and saving can only be of help in a very short period of time. The future and the present  are not predictable, and that is what makes investment more important than saving, when you have any form of emergencies your investment will have backup so, as for me is a go go for investment than to save. And if the is need for health issues then your investment will have a separate emergency funds for the investment and the investor.

It is true that investing is better than saving, but investing has a risk of loss, so I hope that before investing we must be able to pay attention to what aspects must be prepared so that unwanted losses do not occur. but what is clear is that saving or investing is an important thing that everyone should do. On the other hand, everyone does not have stable finances, so there are people who have a mediocre income, the income they earn is only enough to meet their daily needs so they cannot save, let alone invest, but in my opinion it is still possible to save even if the income you earn is limited depending on our personal money management too.

but in my opinion investing must be done carefully, don't let the investment be done without preparing other things such as savings or emergency funds, because when an investment is made and one day something happens that requires money to be able to handle it, don't let the investment be disrupted in other words Others were taken at the wrong time. So before investing, please have an emergency fund or savings first to find safety in the future. Whatever you do, everything must be considered, don't do it carelessly.

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March 01, 2024, 05:18:53 PM
 #335

Look, you can be old and rich or young an poor, but being old and poor is bad shit.
I hoped you would say young and rich for a category because, that’s where it’s the more enjoyable and everyone would want to be, young, healthy and rich. You find better ways to enjoy your money at that stage to life and achievements, have the courage to go into debt investments of the times too than when your old. When your old, it’s mainly about relaxing, responsibilities and don’t have much need for having a good time. You get to think about how to share and what would become of your legacies but, in all, you would have a sense of fulfillment.

Yes that what I was thinking of you don't need to wait to get old and enjoy your money. Spend when you need money the most in younger age. This is the age when your heart is alive and you want to taste every bit of new experiences in this world.The best age to explore that world and everything it contains and without money it's not possible.

It's impossible to predict someone's age and worrying about the future can destroy your present. So worry less and enjoy your life, when the age that you're worried about will arrive your god will arrange something even better than what you have now.

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March 02, 2024, 09:46:26 AM
 #336

Indeed, saving while you are young is very good for the future. But it would be better if, apart from saving, you also focus on investing when you are young. Indeed, having savings for unexpected things is important, because it is an urgent need that must be met for future survival. But, don't forget that experience, skills and insight are valuable items that really support your next stage in life. Moreover, a future filled with unexpected things really demands skill and maturity in dealing with them. It's not just a matter of material things. Therefore, instead of saving for the sake of saving for the future, it is better to use it to invest in productive things while still paying attention to the proportional portion of savings according to each situation.

Sarah_Jannat42
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March 02, 2024, 11:56:36 AM
 #337

Most of the great things that have been done in the world have been done at a young age. At this age, as people have more energy, mental strength is sky-high. Because with the increase in age, people fall into a strange situation, along with the breakdown of performance and morale. So we should think about the future as we age. So at this age, we have to save a little while keeping our old days in mind. Since we will not have the earning capacity at that time, we should save some of our income during this time so that these savings will be helpful and not dependent on us in our old age.
boty
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March 04, 2024, 05:20:23 AM
 #338

Indeed, saving while you are young is very good for the future. But it would be better if, apart from saving, you also focus on investing when you are young. Indeed, having savings for unexpected things is important, because it is an urgent need that must be met for future survival. But, don't forget that experience, skills and insight are valuable items that really support your next stage in life. Moreover, a future filled with unexpected things really demands skill and maturity in dealing with them. It's not just a matter of material things. Therefore, instead of saving for the sake of saving for the future, it is better to use it to invest in productive things while still paying attention to the proportional portion of savings according to each situation.
What you say is very true, of course it would be even better if we had savings for emergency needs and also invested some of the savings we had when we were young and it is very important when we are young to have various experiences, skills and also broad insight to being able to do well something that we do can be useful for us in the future and also we don't know for sure what we are facing in life so developing something that is productive will certainly be very good for facing future challenges.

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March 12, 2024, 10:14:31 PM
 #339

Look, you can be old and rich or young an poor, but being old and poor is bad shit.
I hoped you would say young and rich for a category because, that’s where it’s the more enjoyable and everyone would want to be, young, healthy and rich. You find better ways to enjoy your money at that stage to life and achievements, have the courage to go into debt investments of the times too than when your old. When your old, it’s mainly about relaxing, responsibilities and don’t have much need for having a good time. You get to think about how to share and what would become of your legacies but, in all, you would have a sense of fulfillment.

Yes that what I was thinking of you don't need to wait to get old and enjoy your money. Spend when you need money the most in younger age. This is the age when your heart is alive and you want to taste every bit of new experiences in this world. The best age to explore that world and everything it contains and without money it's not possible.

It's impossible to predict someone's age and worrying about the future can destroy your present. So worry less and enjoy your life, when the age that you're worried about arrives your god will arrange something even better than what you have now.
Young age is for enjoyment and at some point one has alot going for them while they are young and just as you have said, the young are alive at heart and at that point, you have a lot of strength and appetite to try out a lot of things and to a point that it becomes clear that when one is young, it the best time to hustle and also enjoy yourself and at the same time a time to save for the future.


So while you save, you should also take time to enjoy yourself and also try to keep fit as you save some for the future, because saving all for the future and not enjoying yourself is line gambling because the real benefits of money are when you make use of it while you are active and young.

R


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March 13, 2024, 05:08:57 AM
 #340

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.
we are the the accumulative product of what we've done in our past and what will be the outcome of our future will be determined by what we are doing currently. The youthful period is mostly misused and abused with lots of instances where most youth engage in frivolous and unprofitable activity and end up spending their old age in pain and suffering.

If only most youth understands how important it his to invest in themselves and see to it that they've made the best out of their youthfull age then we wouldn't find a hand full of old folks that are supposed to be enjoying the product of their hard labours still out their looking for menial jobs to keep them busy.

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