Save while young better than wait

[boty]

saving alone is not enough to be rich when you are old, young people must also be able to save and invest the money they get from their salary. because when someone just saves without thinking about investment, their savings may decrease in value due to inflation every year and they won't get any interest from it. whereas when they invest, it means they invest their money in assets that can give them returns that can increase their assets.

even though it is quite difficult to save and invest at the same time, if young people can reduce their lifestyle and start using their salary wisely, they should do this. because after all, saving and investing is one of the best ways that young people can achieve prosperity in their old age.

It's true what you say, just having savings will not make us rich when we are old, of course the savings we have will remain the same when we reach old age, while the necessities we need will of course have changed in price since we were young and the savings we have. If we save it, it will easily run out if we use it when we are old. By investing, of course this will be able to increase the assets we have from the results we have invested.

Yes, it is very difficult to save and invest at the same time, but if we can do it, of course this will be very good when we have retired from work and we can still get income from what we invested when we were young.

[1715000523]

1715000523

[Bitstar_coin]

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.

Couldn't agree more, a drop of water makes a mighty ocean, a little savings from what we make as a young one can go a long way to assist us in the time of old age.
A small investment can make a big difference in the future depending on the type of investment it is. It is always good to make plans for the future, especially in the years when it is difficult to do hard work. I think planning for the future should be a priority for everyone.  

[Yatsan]

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 normal to make mistakes sometime, and that's essential for you to learn. Investing indeed is good to become a habit on your younger years however, if it is forced upon and not due to your initiative and interest, you'll just end up with burn out. Everyone has a choice to invest but why aren't we all doing so? Some people became successful on their jobs as well. Point here is to be responsible of your future but still seek for passion. Being passionated of something you engage yourself with, wil not be a burden but an inspiration for your future. Your passion to a particular thing will be your fuel in the long run. Let things come naturally. It is never wrong to enjoy things while you're young given that life is short, just do it with awareness and be cautious of things that will drag you down or will make your future miserable. Enjoying is different from destroying it.

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.

Couldn't agree more, a drop of water makes a mighty ocean, a little savings from what we make as a young one can go a long way to assist us in the time of old age.
A small investment can make a big difference in the future depending on the type of investment it is. It is always good to make plans for the future, especially in the years when it is difficult to do hard work. I think planning for the future should be a priority for everyone. 

Planning is indeed necessary for a better future. Being aware of the things around you and being able to anticiate your future is already something to look forward with. There's always a better way to do things and I agree with taking small steps just to begin with. It is also important to not rush things in order to avoid exhaustion along the way. Everyone dreams to have an investment  someday but not everyone is able to do so. One is assumption since there are people who prefers large scale investment right off the start which buffers their initiative 'coz they are being intimidated by their own expectations.

[aylabadia05]

<snip>

Yes, it is very difficult to save and invest at the same time, but if we can do it, of course this will be very good when we have retired from work and we can still get income from what we invested when we were young.

The old saying goes like this, 1,000 USD starts with 1 USD. Willingness or not depends on intention. Actions begin with what is thought. It is difficult to run something simultaneously depending on economic capabilities/money obtained from income.
Living for today and thinking about the future is something necessary. If you are able to illustrate how the future starts from youth, you will be happy.

Not a few people who are now in their old age reflect on how stupid they were for wasting their youth not on proper activities. Not a few also feel comfortable with their old age now because their youth was used to organize their income for things that are useful for them.
You can do two things at once, but it depends on who and how.

[uneng]

Yes, it is very difficult to save and invest at the same time, but if we can do it, of course this will be very good when we have retired from work and we can still get income from what we invested when we were young.

I fear this is the only alternative. Without investments we can't reach anywhere. By only saving you will just see your money's value being eaten by inflation. I remember those old people who were used to take a big portion of their wages and store it below their mattresses for decades... Once they or their sons decided to finally use that money, it wasn't enough to purchase nothing too expensive, considering how long it has been stored there. By doing this dumb saving, they were wasting money, time and all their labor years working hard for nothing at all in the end. And everything because they weren't educated on financial matters. Imagine how much patrimony their families could have built, if they had received proper guidance along their lives.

Thankfully now with internet and Bitcoin, we have more knowledge and earnings opportunities available for everyone, without being necessary to have been born in a rich family of economists and businessmen to learn about finances and have access to profitable investments. Undeniably, investment opportunities are more widely spread nowadays than in past times, so individuals can start investing since a very early age in order to achieve a more comfortable financial future once their reach on their 40's or 50's.

[Furious 7]

Most young people now understand the importance of old age, especially after various conditions that drain the economy such as inflation or indeed the pandemic that attacked globally some time ago made them think more critically that the future is an important thing.

But indeed not a few of them still only spend time relaxing and enjoying life on the grounds that youth is only once and cannot be repeated so there are still many people who do not think that far about what will happen to their lives in the future.
What is certain in this case is that I still feel that those young people who are literate enough about the importance of the future already have a good plan for them at least to change their lives to be better than the generation before them (parents/relatives) it is very good and we have met many young people like this, especially in forums that even though they do not know the overall age but there are still many who claim they are still very young and that is a very good thing.

[nurilham]

It's true what you say, just having savings will not make us rich when we are old, of course the savings we have will remain the same when we reach old age, while the necessities we need will of course have changed in price since we were young and the savings we have. If we save it, it will easily run out if we use it when we are old. By investing, of course this will be able to increase the assets we have from the results we have invested.

Yes, it is very difficult to save and invest at the same time, but if we can do it, of course this will be very good when we have retired from work and we can still get income from what we invested when we were young.

Agree. If we only rely on savings, it is probably difficult to be rich. Specifically if we save with little amount of money and it can't be done daily but may be weekly or monthly. Not every one in the world has the ability to save money daily, some people even don't get enough money to fulfill their daily necessities. Moreover, it is true that savings doesn't multiply the amount of money, it is just decreasing the money if we save it in banks. Sometimes, we must pay monthly fees.

We don' need to invest and saving at the same time. We can begin it with saving, then we invest the money when it already reaches certain amount of money. If we already have $500, we can invest the money with Bitcoin or other recommended investment. Saving should be just the way to collect the proper capital for our future investment.

[stadus]

Save whenever you can, regardless of how much you are able to save, the important thing is you started saving early. Because once you start to save early, then you can also invest early on the potential investments around, and might be in huge profits and become financially successful early as well.

I guess this is just a matter of mindset and goal setting. If you have better plans in your future, then you will work on it as early as you can so that if ever you experience failure, you will still have all the chances to get up again and continue working until you achieve your own success.

[famososMuertos]

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

When I read that phrase, "you can be old and rich or young and poor, but being old and poor is bad shit." There is something like that in Spanish colloquium that sounds similar to me. Then I saw the OP's nickname and I know that there is some trace in the language.

Indeed, the years pass in a complexly different way for many, I believe, in my experience that life between +18 and 50 years of age, offers us two great opportunities, what in my case I call the crest of the wave. So, You are there for a few seconds or for an indefinite period of time, but, they define that future that you mention.

Now, knowing when they happen is the ability of each person, since one can be so successful that it clouds us in defining what that opportunity is and being the opposite and taking the incorrect, then, my friend is not easy to determine.

But there are certain things like a retirement plan, an investment, the good things that are acquired over the years, and even things like starting a family...

...they are a good plan B to avoid ending up like a decrepit old man, and!  We all want the "robe" and the glass of whiskey (metaphor), ah, yes, the mansion is not necessary, yeah, in reference to HH.

[erep]

We don' need to invest and saving at the same time. We can begin it with saving, then we invest the money when it already reaches certain amount of money. If we already have $500, we can invest the money with Bitcoin or other recommended investment. Saving should be just the way to collect the proper capital for our future investment.

I agree with this point, when we have saved every year or have reached a certain amount then we can convert savings into investing in bitcoin or gold because saving a lot of money in the bank will cause losses due to inflation and other things that have an impact on the low value of the currency, so don't make your savings cause losses but change your mindset to turn savings into an investment that has the potential to be profitable in the future.

[Casdinyard]

I mean I take it upon myself to never miss a thing now that I'm still able to work and actually earn money for my investments. And in regards to my investment I make sure to always leave a foot on the door to make sure that I don't miss out on what's the most profitable venture out there. But putting so much pressure upon someone just because they're still young is a little too much yeah?

Picture this my friend, the average lifespan of a regular human being's around 70 rounded up, you have 18 years to spend growing up, and afterwards you're legally an adult in most countries. Do you think that's enough years to pressure someone into becoming rich? I get preparing for retirement and being very prudent with your money is a thing and I mostly do that too, but there are some of us who are young adults down in their luck cause opportunities couldn't come their way even if they wanted to. I personally wouldn't fault them for it cause I've been like that in the past as well and I know just how helpless the situation is.

So for any young adult in here, don't pressure yourself. Find a job that you're comfortable with first, set your finances straight, and only then do I suggest you go out there and invest. Don't fall for motivational retards on the internet pushing you or forcing you into thinking that just cause you couldn't get a lambo at this age you're a fucking failure altogether, you still have years and decades ahead of you. Make the most out of it.

[DVlog]

The title should be "Be broke while you are young by investing rather than in old age." If you make a financial mistake by investing in anything and lose everything while you are still young, you will have time to recover from that mess. But just think about what will happen if this happens in your old age. your life can be miserable and you won't have the energy or time to clean than mess in most cases. So if I am going to make any financial mistake, I better do it now rather than in my old age.

[mirakal]

Saving is quite an art and passion. If you don't have the interest and the passion to save, despite of the big amount of money that goes in and out of your hands, then you will never really see yourself saving. While saving is vital, regardless of its amount, but I can still see a lot of people are unable to save because they have their life's priorities other than saving. And for that, we can't also blame them.

However, saving without planning to invest is actually not a wise decision. Saving will only grow a small amount of interest but investing on the other hand will attract 5x to 10x profits from the amount of capital. So basically people need to save so they can build opportunities to invest and be in profits, and not to save forever and let them sleep in their bank accounts and only the bank will benefit from it.

[Bd officer]

We all have to grow old one day. If you grow old, you won't have the energy to work. So to live a happy and peaceful life in old age one must save money in youth. You have to work hard in your youth, try to find your multiple sources of income. Earn more at a young age and don't live a life of luxury. Don't spend money in any unnecessary sector.  Save all money except household expenses.

I don't know how much inflation has increased in different countries. But the inflation in the country where I live is very high. In our country many people keep their saved money in bank, I think currently money should not be kept in bank. But the money should be invested in any different sector. For example, it would be better to invest in bitcoins and land or gold.

[btc78]

What is hard is when you are young, you do not think about the future all you want to do is play and have fun

I believe that at youth, we have to be financially responsible already even at a young age
We should teach kids how to save and only spend on what is worth and what they really need

I am still quite young but i want to be financially stable when I am older, financially free even so that i do not have to think or worry about myself and the people that i will be leaving behind

[NewRanger]

Agree. If we only rely on savings, it is probably difficult to be rich. Specifically if we save with little amount of money and it can't be done daily but may be weekly or monthly. Not every one in the world has the ability to save money daily, some people even don't get enough money to fulfill their daily necessities. Moreover, it is true that savings doesn't multiply the amount of money, it is just decreasing the money if we save it in banks. Sometimes, we must pay monthly fees.

We don' need to invest and saving at the same time. We can begin it with saving, then we invest the money when it already reaches certain amount of money. If we already have $500, we can invest the money with Bitcoin or other recommended investment. Saving should be just the way to collect the proper capital for our future investment.

That's right Sir and with the capital of $500, if we use to trade some coin we like and can also provide quite decent returns as long as we're careful and don't get emotional, especially now. It is highly recommended to only trade short patterns for a while, but if it is normal, we can buy and hold coins that are considered to have the most potential, such as BTC.

If there really is a result from trading, we can also use it to buy other coins from the profits from trading $500 capital as you said above and count it as savings in a different form, not fiat.

[harapan]

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.

You're right indeed it doesn't matter the nature of your poor background but if you don't rise up in this 21st century,you'll end up in the slum's.You literally don't have to currently keep agonizing over setbacks or your past failures,just do the right thing because of what you're aiming at to achieve.Warren buffet says "if you can't find a way to make money while you sleep,you are going to work until you die."
  Success can be achieved at every point in time even despite your age.

[pusaka]

We don' need to invest and saving at the same time. We can begin it with saving, then we invest the money when it already reaches certain amount of money. If we already have $500, we can invest the money with Bitcoin or other recommended investment. Saving should be just the way to collect the proper capital for our future investment.

I agree with this point, when we have saved every year or have reached a certain amount then we can convert savings into investing in bitcoin or gold because saving a lot of money in the bank will cause losses due to inflation and other things that have an impact on the low value of the currency, so don't make your savings cause losses but change your mindset to turn savings into an investment that has the potential to be profitable in the future.

The process is something that we will definitely encounter, especially if we are not used to saving and investing, we must be able to adapt to our new habits. Yes, what you said can be one of the options to start investing, we can save first and then after accumulating we invest, or in other ways, for example dividing 2 money for savings allocation into 50% for saving and 50% for investing. Especially now to invest in bitcoin we don't have to have a lot of money, we can start from the smallest.
The younger generation must indeed think about this from the start, they must realize that they must prepare something for them to take in the future, one of which is by investing.

[0t3p0t]

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.

Yes true. But of course saving and investing on something stable is not a good thing as it might get affected by inflation. Bitcoin, real estate and precious metals will be the best investment for me that is future proof.

If only I knew it early about investing then I will surely be having a good status of life right now just like any other successful individuals around. Lucky for me I got inheritance from my late aunt and father so I think this will be my other future investment aside from Bitcoin and if things goes right I'll be investing in precious metals as well again because unfortunately, I sold my silver collections after the catastrophic event that had happened here in my place.

[angrybirdy]

What is hard is when you are young, you do not think about the future all you want to do is play and have fun

I believe that at youth, we have to be financially responsible already even at a young age
We should teach kids how to save and only spend on what is worth and what they really need

I am still quite young but i want to be financially stable when I am older, financially free even so that i do not have to think or worry about myself and the people that i will be leaving behind

because most young people today, they prefer to enjoy their time in good activities because they know, when they reach the right age, they will find it difficult to manage their time because they are already focused on working and saving money.
We all have our own decisions in life, there are a few who while young, they prefer to be financially stable so they can retire earlier, but most just follow the normal flow of life