Save while young better than wait

[MFahad]

As we know clear well that most children are likely not to like take along with us the pattern of making savings because they never understand the reason for doing that,

I think that is because of bad parenting. if children don't understand the importance of savings then it is because their parents never taught them that, which is very bad thing. parents should do their part properly and teach their kids importance of savings and financial independince at the time.
but sadly parents are nowadays so naive. they keep spoiling their children when they are young. but when they grow older and become burden over parents. then they start complaining that our childrends don't like savings and careless.

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[martinex]

Everyone was young and everyone had big money but most of it was spent somewhere and was misused. Yes. The message you convey is correct and if possible this is done by young people today, the advice you convey above is very good and don't let our experiences that are wrongly set above also be felt again (repeated) even though there are glimpses of words like this we often hear. "Yes. When else can you enjoy it if not now"..

[Vladv26]

I belive one of the biggest mistakes people make in their youth is thinking they have a lot of time left so they can wait a couple more years to before they start investing. The truth is time passes by very quickly and the more you delay the day you start saving, the worse it's going to get down the road later. While you are young you can afford to save more money because of your lower expenses and this also allows you to create the habit of saving which is the most important.

It doesn't matter how much money you save every month, the important thing is being consistent for a very long long time. There will be good times and bad times throughout your life, but if you remain consistent with your saving this will guarantee you a safe net for when you get old and tired, you sure won't want to also be poor.

[johnsaributua]

It's true that old or age is an absolute thing and can't fight fate but fate can change with God's permission even by improving the lifestyle of spending money and re-analyzing expenses and income every month, even so the most important thing is to be able to increase more income, of course the more income and reduce expenses can be with the services of a financial consultant and the person also still has to be paid .

For me, managing wealth can be done with the help of anything including YouTube etc. but to increase income is the work and hard work of each person. You can even save and follow clearer investments. Of course this will add to the portfolio. Because plans are like raw materials while maximum results include wealth, there are many supporting factors, behind proper management is also the need for finance that comes in smoothly and does not attract it for something consumptive, although human nature is shadowed by needs and desires that are beautiful in the eyes even if they are secondary needs;D

[Youngkhngdiddy]

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.

    Well you have a point at where you are driving at, this is why it is wise to apply smartness while saving, and note before you even consider saving, weigh up all the options, consider how much you’re earning first before you think of saving, because you can’t be earning peanuts in this inflating economy and hope to save for a better future. To have a good saving plan one need to have 2-3 streams of income so as to beat the inflation. If you are saving I believe investing into any kind of project shouldn’t be a problem. Hence, saving is good but you need to ensure that you at least able to beat inflation.
    The  right decision depends on your financial situation, not whether you save or invest, you should open a savings account if you plan to use the money within a year or two. And invest the money if you don’t need to it for five years and more, and you can withstand some capital loss. Money that you plan to grow aggressively should be invested for the long term. A person interested in investing might choose to invest in the stock market, exchange-traded funds, or mutual funds depending on his or her level of risk tolerance.

[uswa56]

Everyone was young and everyone had big money but most of it was spent somewhere and was misused. Yes. The message you convey is correct and if possible this is done by young people today, the advice you convey above is very good and don't let our experiences that are wrongly set above also be felt again (repeated) even though there are glimpses of words like this we often hear. "Yes. When else can you enjoy it if not now"..

It is difficult to control or manage finances at a young age because there are many temptations to fulfill needs that will drive current styles or trends.
I've felt that way and actually I know and understand the importance of saving while I'm still young, but it's difficult to do.
All experiences of oneself or others and also suggestions are needed, but all actions come back to self-awareness.

[ScamViruS]

Saving in young age is important for thinking about a good life in old age, but a person needs more things in young age than in old age which needs money, more money is needed in young age. As a result, people overspend when they are young, and struggle when they are old. So as per your advice it is important to control the expenses and also look at our savings so that we can live a secure life in the future. We can predict that the coming days will be more difficult. Because the way inflation is going up now, it makes me think more and more that the government is devaluing the value of our money so we really have to keep in mind when saving money that we will lose the value of our money several times before we reach old age.

Yes, someone in their youth certainly has desires for what they want, namely a cellphone or a motorbike. I agree with you. We have to be good at managing our expenses or live frugally and restrain ourselves for a moment in our youth from being extravagant. Usually the role of parents from an early age is very important in directing their children not to waste their money on buying things that are not useful, it is better to save their money. Indeed, the concept of saving has been taught from generation to generation, in families or schools. This is the role of parents or fathers, if they know the concept of money, teach children from an early age to invest how money works for us in the next 20 years, we will enjoy it in our old age.

Currently, everyone's lifestyle is changing in the world and therefore a competition is being created among everyone, as a result of which people are more interested in buying mobile phones, cars, motorbikes by taking more loans instead of saving. Savings is the most important job of a person because savings can save a person from any danger. Those who fail to manage money properly in their youth struggle in old age because money becomes more important than other things in old age.

I have seen many people who did not manage their money properly in their young age and did not make any effective investments, they lead a very difficult life in their old age. They can't provide proper treatment even in medical emergencies due to lack of money, so after seeing these experiences of others, one thing works in me that somehow I will continue to try to secure my old age at least not to have to worry about money.

[nara1892]

As we know clear well that most children are likely not to like take along with us the pattern of making savings because they never understand the reason for doing that,

I think that is because of bad parenting. if children don't understand the importance of savings then it is because their parents never taught them that, which is very bad thing. parents should do their part properly and teach their kids importance of savings and financial independince at the time.
but sadly parents are nowadays so naive. they keep spoiling their children when they are young. but when they grow older and become burden over parents. then they start complaining that our childrends don't like savings and careless.

Well, that's true, that makes more sense, parents have an important role in a child's life because they are the only ones who have the obligation to educate their children to have good behavior and discipline in their lives, one of which is by teaching them how to save and also by providing an understanding of the importance of saving, and if a child is never taught to save at all then it is clear that one day when they are older they will not have balance in terms of finances, they will be careless in allocating their money and never think about urgent matters which are basically It is very possible that something will happen at some point in the future that will force them to spend money. On the other hand, as you said, it is true that today's parents pamper their children more, always obeying whatever the child wants and what is clear is that this will only make a child always live dependent on other people, especially their parents when they grow up. .

[eightdots]

Saving in young age is important for thinking about a good life in old age, but a person needs more things in young age than in old age which needs money, more money is needed in young age. As a result, people overspend when they are young, and struggle when they are old. So as per your advice it is important to control the expenses and also look at our savings so that we can live a secure life in the future. We can predict that the coming days will be more difficult. Because the way inflation is going up now, it makes me think more and more that the government is devaluing the value of our money so we really have to keep in mind when saving money that we will lose the value of our money several times before we reach old age.

Yes, someone in their youth certainly has desires for what they want, namely a cellphone or a motorbike. I agree with you. We have to be good at managing our expenses or live frugally and restrain ourselves for a moment in our youth from being extravagant. Usually the role of parents from an early age is very important in directing their children not to waste their money on buying things that are not useful, it is better to save their money. Indeed, the concept of saving has been taught from generation to generation, in families or schools. This is the role of parents or fathers, if they know the concept of money, teach children from an early age to invest how money works for us in the next 20 years, we will enjoy it in our old age.

Currently, everyone's lifestyle is changing in the world and therefore a competition is being created among everyone, as a result of which people are more interested in buying mobile phones, cars, motorbikes by taking more loans instead of saving. Savings is the most important job of a person because savings can save a person from any danger. Those who fail to manage money properly in their youth struggle in old age because money becomes more important than other things in old age.

I have seen many people who did not manage their money properly in their young age and did not make any effective investments, they lead a very difficult life in their old age. They can't provide proper treatment even in medical emergencies due to lack of money, so after seeing these experiences of others, one thing works in me that somehow I will continue to try to secure my old age at least not to have to worry about money.

More money is needed at a younger age. When we are young, we may want to buy many things or there may be more things we want to do. Even if we cannot achieve all of these in the time we want, we try to achieve a certain part of them. In addition to all these wishes, investing in the future is also extremely important because we need to invest in our future in order to live a comfortable life as we get older.

Investing in our future and giving up doing some things today requires sacrifice. People who can make this sacrifice usually achieve their goals. Nothing is easy and it doesn't have to be easy. That's why we need to strive and sacrifice to achieve our goals.

I agree with your view that savings protect people from many dangers. Savings also protects us from many unnecessary things. In this way, saving can provide us with the opportunity to take advantage of the opportunities that come our way.

[doomloop]

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

The few that focus on financial stability at a young age are the wise ones because earning money keeps getting difficult as you age, which is why a person needs to stay prepared for the future so that if they live through their young age, they will need to have some back up when they are old so that they don't need to struggle at that age because you can't drag your old bones to a workplace to earn a few bucks every month and that happens only if you don't prepare when you are young.

That's why, there is nothing wrong with enjoying yourself while you can but one shouldn't completely lose focus on their goals and stop thinking about their future because if you don't build up your future when you are young, you are going to have a very hard time when you reach that age.

[Huppercase]

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.

If there is a way I can turn down the hands of time back to when I was young or not to this level I was, I will gladly accept and if I have the opportunity to go back in time, I will beg to be back to 2009 where I can see bitcoin been traded at lowest price then but all these are fantasies I love so much but they are not coming back again, this is sad but that's the truth and the more reason why we should never joke with time particularly when things are rossy for you.

Invest when you are young if you have the means to and if you are poor, double your husle to get out of that financial status, anyway you want to define it, the the world only recognize people that have money and not people that has nothing. So you have the option to invest if you are young if you are born with a silver spoon or try and legitimately hustle and get money if you are poor and stop chasing ladies here and there. I'm not sure is there is any man that has been awarded for having the best chock in the world, we have many of them everywhere including the ones that will like you for who you are and not till you break a bank.

The world is even revolving rapidly, things are now like air in the sense that if you are into a work that deal with trend and you don't quickly rebrand and upgrade yourself as the world is going, you might even loose out on what you are doing. Yesterday, Nokia and Blackberry were everything the world ever wanted but where are they today? Other people has took over and has use their lesson as motivation, things are changing that if you think tomorrow is assured for you, you maybe lying to yourself.

[ichsan ardi]

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

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

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

I agree with your statement when we are young, we build our wealth, don't waste the time we have because time is money, just like investment, don't ever time the market, it's better to pay in installments from now, we consider postponing later and regretting it in our future we have to think about our future because the only one who helps us is ourselves

[Viscore]

Start saving and creating your wealth. It’s always better to see yourself saving early so you can perform your plans successfully at your young age. And while it’s certainly a must regardless of the amount of income, but we should all know that saving alone is not the end goal, it will only serve as a starting goal so we can make a successful investment later on.

However, having sufficient amount of savings still cannot guarantee the success of any investment. You need to invest first in yourself by building your knowledge and experience which will help to achieve your end goal of why you invested in the first place.

[Lorence.xD]

Everyone was young and everyone had big money but most of it was spent somewhere and was misused. Yes. The message you convey is correct and if possible this is done by young people today, the advice you convey above is very good and don't let our experiences that are wrongly set above also be felt again (repeated) even though there are glimpses of words like this we often hear. "Yes. When else can you enjoy it if not now"..

It is essential to enjoy things but be sure to still include responsibility on that enjoyment. It is okay if at this point you cannot prioritize investments still 'coz you are still driven with seeking for happiness; going out with friends, buying the "wants" over "needs" and such. It is just okay however everything that is too much, should be always be put into concern. Saving while we are young is no doubt a good thing to do. Trying investments and engaging to profitable assets is also ideal for the youth but we have to accept the fact as well that doing so will require time, effort, and financial capacity. Aside from being incapable, never set aside being "young". You could have all the money but time will not be back again at the present so be sure to avoid regrets as well. Seek balance instead.

However, having sufficient amount of savings still cannot guarantee the success of any investment. You need to invest first in yourself by building your knowledge and experience which will help to achieve your end goal of why you invested in the first place.

I highly agree. There are many forms of investment and knowledge is one of it. Some people are having the drive to put money on tangible investments but are not putting knowledge and overall being into account. This is why I mentioned about being balanced; read books and watch informative contents that will give you idea and learnings. Then atleast once in a week socialize and increase your network by socialization and once you have that initiative to actualize then go. Misconception is just going directly against the 'tide' ; that's not being responsible and goal oriented are all about.

[EFS]

More money is needed at a younger age. When we are young, we may want to buy many things or there may be more things we want to do. Even if we cannot achieve all of these in the time we want, we try to achieve a certain part of them. In addition to all these wishes, investing in the future is also extremely important because we need to invest in our future in order to live a comfortable life as we get older.

Investing in our future and giving up doing some things today requires sacrifice. People who can make this sacrifice usually achieve their goals. Nothing is easy and it doesn't have to be easy. That's why we need to strive and sacrifice to achieve our goals.

I agree with your view that savings protect people from many dangers. Savings also protects us from many unnecessary things. In this way, saving can provide us with the opportunity to take advantage of the opportunities that come our way.

When you are young, you need money more. That's a fact. Especially if there is no family wealth, it's much more difficult to achieve things. Creating your own capital and living as an independent individual at the same time is an uphill struggle. This is especially difficult for young people living in countries like ours. If one can raise money to invest after meeting basic living needs, they should definitely do so. Both for their own future and for their family. The best part of investing is staying away from bad habits. Instead of wasting money on alcohol, drugs or gambling, saving and investing into stocks and crypto-currencies for yourself is the biggest favor a young person can do for themselves. In the long run, they will see that they have made a very good savings.

[mamesso]

Many poor parents want to go back to the past to correct their mistakes when they were young. Poor young people are better off than poor parents, young people still have time to improve their lives by setting aside their income for savings. Youth is a productive period for doing everything, including investing for old age, saving is one effective way to reach a safe point when you are old. It is often found that parents advise young people to maintain their financial stability so that in their old age they are not burdened by financial limitations. This kind of advice is based on his experience and a comparison between the routines of rich parents and poor parents when they were young.

[Gladitorcomeback]

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.  

Very little saving can also be financially effective if make on time but saving will be little beneficial as compared to investment because just saving of money cannot increase in value but will remain decreasing as fiat currency decreases in value as time goes.


If someone make investment with the help of this saving then perhaps he realize the value of investment. Various techniques are originated according to modern age so adapt yourself according to it and change your mind because diversification of investment is needed to have a stable financial system.

[edy_58]

Many poor parents want to go back to the past to correct their mistakes when they were young. Poor young people are better off than poor parents, young people still have time to improve their lives by setting aside their income for savings. Youth is a productive period for doing everything, including investing for old age, saving is one effective way to reach a safe point when you are old. It is often found that parents advise young people to maintain their financial stability so that in their old age they are not burdened by financial limitations. This kind of advice is based on his experience and a comparison between the routines of rich parents and poor parents when they were young.

Those who have reached master's age but are experiencing financial problems, of course when they were young, they didn't think about their life when they were old and if there is a poor generation that is still young then they don't want to work and have an income and also they don't have the skills that can provide income. for them, if when they were young they were lazy about working then they must be ready to work until they are old and for the younger generation who have jobs and income they must be able to manage it well so that they have savings when they are old.

Yes, those who regret being poor when they are old will certainly advise the younger generation about financial management and also about working diligently when they are young so that they are not poor when they are old.

[arwin100]

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.  

Very little saving can also be financially effective if make on time but saving will be little beneficial as compared to investment because just saving of money cannot increase in value but will remain decreasing as fiat currency decreases in value as time goes.

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

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

[IvugeoEvolutionCoin]

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

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

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

I agree with your statement when we are young, we build our wealth, don't waste the time we have because time is money, just like investment, don't ever time the market, it's better to pay in installments from now, we consider postponing later and regretting it in our future we have to think about our future because the only one who helps us is ourselves

We have to build our own future. We know that if we don't do something right on time, we will face many problems in the future. We will not do something that we will regret in the future .If we can save some money from our earned money from now then we can build wealth in future. We should use this time to hold some good coins for future so that we can expect good things from them.