Save while young better than wait

[Issa56]

Saving from a young age is a good thing if you learn to save at a young age, you can do a lot of good things in the future.

Young age is the appropriate stage to save money. When you are young, if you can’t save when you are still young, then things might end up being difficult for you when you are old, and you don’t have the strength to work and make earnings for yourself. When you are young, you should always plan for your future. When you are young and you are making enough money, then invest ahead of time and make savings that you know you will be surviving on when you are old.
 
But what the young people prefer doing now is spending money on expensive things, going to clubs and lavishing their money, living an expensive life. They don’t channel their money into appropriate things, and after spending, and they are broke, they will end up regretting, they don’t even think about the future.

[Kelvinid]

At my age I realize that I should have thought about saving much earlier. If I had started saving at a young age, my life would have been a lot easier. Now in my opinion every person should learn to save or invest from childhood to survive against poverty in old age.

Many people have come to such thinking, that it is always too late to realize. However, the chances remain, we can still do it as long as we are certain of our plan. Too late to realize which is why we don't have to waste our time now and grab the opportunity we see in the crypto market.

To eradicate the poverty of the people of every country of the world, every government should make the people of their country interested in investing and saving along with education from childhood.

It is the government's responsibility but we should not rely on them instead, we make our way how to improve our living, and simply savings help a lot. But it never stops there, we also encourage ourselves to grow and multiply our money by starting a business. Financial freedom will come from having a passive income and having a business could make it possible.

[bayu7adi]

Saving is important, and investing too, but what's equally crucial for young people is experimenting. We know that to have a comfortable retirement, having passive income is key. And many retirees have businesses that run on autopilot.

It's not wrong for young people to start businesses hoping they'll grow by the time they retire. It can be an alternative to just relying on investment returns and uncertain ROIs. The point is to diversify income sources so that when retirement comes, we're truly settled.

[Dr.Osh]

Saving is important, and investing too, but what's equally crucial for young people is experimenting. We know that to have a comfortable retirement, having passive income is key. And many retirees have businesses that run on autopilot.

It's not wrong for young people to start businesses hoping they'll grow by the time they retire. It can be an alternative to just relying on investment returns and uncertain ROIs. The point is to diversify income sources so that when retirement comes, we're truly settled.

In fact, in youth, it would be better if people learned to invest, and from the profits from investing, he learned to save. However, this is very necessary to achieve a better old age.
Many people we see just save their money, actually that's not wrong, but this will not bring us passive income. We need a business that can give us profit every month to meet our daily needs. So, it would be great if we learned that when we were young. Well, this is also a recommendation and suggestion for young people who have not yet taken action in this matter.

[Nheer]

Saving from a young age is a good thing if you learn to save at a young age, you can do a lot of good things in the future.

Some people will tell you the future is not certain so they spend the money they have while you’re still alive because death can come around any moment and when a person is dead all his savings will be spent by other people. Whenever a person tells me this i just shake my head and ignore them because i feel they don’t have any plans. People who say the future is not certain have lived 2 more years like a flash and before you know 5years will pass by like play and they will achieve nothing because of their mentality. Saving helps to secure our future that’s why it’s better to start at a young age before, but nowadays young people prefer spending money on worldly things rather than saving to have a better future.

[nurilham]

Saving is important, and investing too, but what's equally crucial for young people is experimenting. We know that to have a comfortable retirement, having passive income is key. And many retirees have businesses that run on autopilot.
It's not wrong for young people to start businesses hoping they'll grow by the time they retire. It can be an alternative to just relying on investment returns and uncertain ROIs. The point is to diversify income sources so that when retirement comes, we're truly settled.

Exactly. Saving and investment are necessary, every one must have them. That's why we all must struggle to have them.
By investing in crypto coins, young people can have passive income. Bitcoin is a good choice to hold for a long time, so young people can get the passive income this. But if young people have good amount of money, having lands or real estate is a good option as well. Sure, it won't be easy to have this, especially for the young people. However, it is not something impossible to struggle having these since the young age.

I'm sure every one always expect to diversify their income. But not everyone may have the chance to diversify their income. For the people who work in the government institutions, they have too little time to have side incomes.

Some options for passive income:
https://www.investopedia.com/terms/p/passiveincome.asp

[Dewi Aries]

Saving is important, and investing too, but what's equally crucial for young people is experimenting. We know that to have a comfortable retirement, having passive income is key. And many retirees have businesses that run on autopilot.

It's not wrong for young people to start businesses hoping they'll grow by the time they retire. It can be an alternative to just relying on investment returns and uncertain ROIs. The point is to diversify income sources so that when retirement comes, we're truly settled.

Investment is of course important, but only a few young people think about this, many of them I think only think about a lifestyle that is only temporary or you could say short term and don't think long term. In my opinion, if we are still young, there is nothing wrong with being stylish or spending the money we earn with what we want, because that also includes pampering ourselves and indeed every now and then we have to pamper ourselves because it is a form of self-appreciation. But apart from that, we also have to pay attention to other aspects such as the future, thinking about how to enjoy the future comfortably.

but if they have good thinking, I think they can invest in assets that really guarantee it, but before that of course there must also be consideration, don't make an investment without considering it well, even though the investment is relatively small, that doesn't mean it doesn't need to be considered, still you just have to consider it as carefully as possible. In fact, in my opinion, if you are still young and have the courage to start a business, that's good, because people like that, in my opinion, have the courage to move forward, with so many young people, in my opinion, many of them are reluctant to move forward, even if it's for their own good.

[STT]

The main reason is compounding, if you can invest when young the actual amounts required are far less then the last minute contributions to something like a pension.   Same deal for savings towards a house mortgage or similar, the compounding on that debt is considerable.  If you do nothing but the minimum you will be very profitable for the bank buying not just one house but a second in effect for the bank who add this capital to their reserves for the cost and profits on lending to you.   If you can save and avoid this cost it will save you gigantic amounts that make you far richer when out of your twenties and free of this debt others have to repay still.

[MarissaLopez]

I totally agree.

If I can go back in time, I would lead much more modest life and try to earn and save as much as possible in order to secure my future and preferably retire much younger than the legal age here which is 67 years old. Since I spent way too much money in my youth, my next chance for an early retirement is bitcoin.

Well most mistake The Young ones make at their youthful stage is not learning to save up for a better future.
You know when you do so, you're accumulating wealth and let's say you started earning and saving from age 18,and then when you get to age 60.you must have accumulated a huge sum that will go along way and another thing is as your saving your perspective for spending such money and wealth should be put into better consideration,cause you can't save up and end up spending lavishly.

A saying goes "an early bird catches the work".when you save,invest and all of that at an early stage,you will rise up to a stage of generating a cumbersome of your dealings.

[Mr. Magkaisa]

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.

       -   Most of the young people have not yet understood that, to be honest, they have not thought about it yet. The only thing on their minds is that they can enjoy being young and being passionate. But if they put or use their passion in their future, it can happen that their future will be good for sure.

I remembered my father, who has 40 years of service as a government employee. He was still single when he was employed as a government employee until he got married. Now that he is a senior citizen, all the retirement fees he got have been used up, and his monthly pension is still lacking because he didn't prepare for his old age, and he didn't even build his own house because he neglected it too much and enjoyed his prime or youthfulness.

[ancafe]

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.

Living life within reasonable no standards is a form of coercion to appear more capable to other people and this type of lifestyle can make our lives more chaotic. Even though you have a good job, trying to live more simply is the right choice because we can manage our finances to be more stable and can determine savings, investments and business development for the future.

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.

Creating wealth will be based on the level of ability to see opportunities and capital as sufficient supporting steps needed for the process. The younger generation must be able to see opportunities to develop themselves and the availability of opportunities is currently quite limited unless they master technology. Investing in bitcoin also requires money, although the amount can be adjusted and rarely to reach the stage of wealth if you don't have sufficient capital.

[Marvelockg]

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.

the rate at which time flies is crazy, just yesterday you where that little boy that needed people to give you guidance on almost every step you need to take and look at you now, it's just like yesterday and you've grown this big and have to literally depend on yourself for all the decisions you will need to make now.

The sad and beautiful thing about life is that if you choose to make something out of your life or not, time will continue going and she will continue to run out of your side. The youthful period comes with a whole lot of challenge and issues but if you make the best out of it, you becomes an hero in few years to come.

It comes just ones and if you fail to make the best out of it, it's gone and gone for good.

Save as much as you can while young, invest into yourself and into the people around you. Look out for quality asset and also invest into. Don't eat all that comes your way, take care of courself and still prepare for uncertainties in the future. This is just my little advice to all the youth that will find this helpful to them.

[barisbilgili]

The main reason is compounding, if you can invest when young the actual amounts required are far less then the last minute contributions to something like a pension.   Same deal for savings towards a house mortgage or similar, the compounding on that debt is considerable.  If you do nothing but the minimum you will be very profitable for the bank buying not just one house but a second in effect for the bank who add this capital to their reserves for the cost and profits on lending to you.   If you can save and avoid this cost it will save you gigantic amounts that make you far richer when out of your twenties and free of this debt others have to repay still.

On the one hand, that's true, but I look more at the experience gained than what you do when you're young to create good habits so that these things will continue to happen when you get older.
The fact that saving while you are young will be profitable in the future is something that cannot be denied because as we know, almost all asset prices, whether real estate, shares or others, continue to increase rapidly over time and if we enter first it will also bring profits big ones in the future.

[CageMabok]

Well most mistake The Young ones make at their youthful stage is not learning to save up for a better future.
You know when you do so, you're accumulating wealth and let's say you started earning and saving from age 18,and then when you get to age 60.you must have accumulated a huge sum that will go along way and another thing is as your saving your perspective for spending such money and wealth should be put into better consideration,cause you can't save up and end up spending lavishly.

One question for you, have you done that (saving) correctly in your life? If you haven't done what you said, I think that's no different from empty talk. Because saving is not only limited to money if the dedication is for the future, moreover the value of things in life is not always the same so no matter how much money is saved it will still feel small when someone has to use more money. For example, when you are 18 years old and try to save in any way, the money you save will not feel like much when you are 60 years old because of the influence of the price of goods which always increases every year.

A saying goes "an early bird catches the work".when you save,invest and all of that at an early stage,you will rise up to a stage of generating a cumbersome of your dealings.

I agree more with the investment stage although I also wouldn't consider it wrong to save a person through fiat currency in life. Because this money can also be used as initial capital for investment and it is still quite possible to solve complicated things with money, but what needs to be understood here is that savings is not just about money. But also about other things such as gold and Bitcoin assets which are currently getting better so that people don't focus their minds on saving money even though they still have to work every day to earn money so they can get Bitcoin and gold as future assets that are better than just money

[AicecreaME]

I couldn't agree more.

Don't abuse the saying "you only live once", because that will leave you with nothing, and your friends won't even bother asking you if you're okay when you have no money. Keep saving for yourself, don't waste your money too must for your pleasure, and to please your friends or coworkers. Always invest your money, don't buy too much of your wants.

[tbterryboy]

There is nothing palatable with poverty in old age. The world is changing rapidly and this is not like the time a lot of things happen that hindered a lot of people from making money. In the 18 centuries, we have major challenges like War that reduce people's potential and making money, many people lose things the have during wars and houses but today, they are now things of the past. It will be shameful if I tell my grandkids the same thing my grappa told me because I have no excuse for not leaving poor state.

Even if you are not making money for tomorrow please be rich because of your health as it's when you become old you risk getting sickness all the time because your immune system will be very weak. The only thing that can prolong your life is proper health care system and that's comes with a lot of money. You need good meal to survive and good meal comes with good money, invest when you have the opportunity because nothing is promise tomorrow.

I wouldn't say it is the same thing, because the world had less people and a lot more to build, that meant even the simplest jobs got paid well enough to live back in those days. My grandparents lived through the second world war and life wasn't easy then, however that doesn't mean that it became easier when they returned back, in 50's there were fewer people due to war, and there were so many things destroyed so they needed rebuilding, so everyone kept on hiring everyone and since the job pool was so limited, everyone got paid well, if not then they would quit and go to any other job, since it was easy to find a job.

This caused even the simplest most basic unqualified jobs to get paid enough to buy a house and that's just not possible right now. Even the most educated people in the world having hard time now.

[Antotena]

At my age I realize that I should have thought about saving much earlier. If I had started saving at a young age, my life would have been a lot easier. Now in my opinion every person should learn to save or invest from childhood to survive against poverty in old age. To eradicate the poverty of the people of every country of the world, every government should make the people of their country interested in investing and saving along with education from childhood.

Many of us don't get early orientation about money and that's why some of us are stuck in the wilderness of average life. If I have known how financial freedom is, I would have start saving when I was spending recklessly on things I don't even need. There were days I was having more than I need, more than I am supposed to buy but it were splash on worldy things but as they say, better to be late than not trying anything at all, I have small investment that I don't plan to touch now and I pray I don't encounter any problem that will make me sell.

Another thing to also consider right now even if you are saving and investing, we should also consider limiting the way we spent. There is nothing that kills saving like extravagant life, it will drain your savings and also when you live above your means, it's alway difficult to save. Today, you have reach your targets but because we want to impress people and have respect from them, we spend the savings later which is a very bad behavior and indiscipline of management.

[strunberg]

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.

Everyone has experienced youth. And everyone has also been taught to save and invest. But very few people can do it. It seems this is a natural law that will apply throughout time. I'm sure everyone who has lost their youth wants to turn back time to their youth and make a lot of investments. But young people who are still in their youth will certainly not be able to experience what older people experience. Because of this, young people will spend their money to have fun. They think about enjoying their youth because it can never be repeated. In fact, if young people are willing to invest, of course they can become someone successful in the future. Because currently I think inflation is running very fast. The value of money will continue to decrease due to inflation. And one way to maintain the value of your money is to invest in assets such as shares, crypto, gold and property.

[huu78]

divide the portion between investing and daily living needs, you can't just think about the future and neglect the present, it's not too luxurious to live with what you can, invest and then let time pass, without realizing it, your investment will be felt.

[Bloodseekers]

I couldn't agree more.

Don't abuse the saying "you only live once", because that will leave you with nothing, and your friends won't even bother asking you if you're okay when you have no money. Keep saving for yourself, don't waste your money too must for your pleasure, and to please your friends or coworkers. Always invest your money, don't buy too much of your wants.

When we are young, it would be very good if we could invest for the future, because if we don't invest then we will spend all the income we have on things that are not necessary and we will use it for momentary pleasure and we will never regret it before we are old and when we are new masters we regret it because we didn't invest first when we were young.

Yes, it would be better for us to save for ourselves and never spend the money we have on things we don't really need. This will make us unable to have savings and always manage the income we have so that we don't spend it on desires that are in vain.