Save while young better than wait

[nara1892]

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

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

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

It depends on the abilities of the person, some people already have a backup plan made by their parents or grandparents so they don't care too much but if you are a person who knows how hard to earn money and you already have experience and you don't want to get experience from your children you will enlighten them how ideally use to save up money. Also tips from people who have experienced this while you are younger, it's ideal to save up money so you don't have to worry too much when you get old. This thing needs to be taught in school how to manage money properly so while they are young they know what are the implications of having savings and getting financially free.

Yes that's true but however I think everyone also knows that having a good perspective and understanding how to value money is something that everyone should have, no matter what their background is, even if they are one of the rich but still life is spinning, you will not always have the upper hand and it is possible that one day you could lose everything you have and this possibility will apply to everyone. Therefore of course having a plan to save early is a good step for a precautionary measure, although this is not a complete formula to prevent you from bad possibilities such as bankruptcy but on the other hand having an emergency fund will at least be able to overcome a few problems that you are experiencing, and one of them will be very useful to finance your life needs when you experience things that are not wanted such as bankruptcy or other things, we must remember that the laws of nature will always apply and lurk.

[1714733627]

1714733627

[1714733627]

1714733627

[1714733627]

1714733627

[ancafe]

It's true what you said, if at a young age you can't save even though you already have a job, it will be difficult if you already have your own family such as a wife and children, because of course kitchen needs will also increase especially with children, expenses will increase too. Indeed there are still many people or people who spend their money on things that are not very important, so that it affects their finances. The thing that must be paid attention to is this, reducing unnecessary expenses. So it's possible to save money even with a small income. What's also important is good money management. Even if you have a large income, you can't manage your finances well, so it's possible that the income you generate could run out and end up somewhere.

Young age are usually more careless when it comes to saving and their habits are more likely to be extravagant when they have money, this is something almost many of us feel and maybe we are also in that condition. Age maturity in making choices usually depends on mindset and upbringing because this is shaped by parents and the environment. Trying to save expenses when you are young to develop any business is a way to make the road easier and when we are ready with stable finances then life will be better. The younger generation needs to create strategies for financial development problems and this strategy is difficult for the younger generation to achieve because they may not have responsibility and are too ignorant of the things that need to be done.

After getting married and having children, the problem of saving will become more complicated because we need to spend more and if we don't start at a young age, it will be difficult for us to reach a better stage of financial freedom. Forcing yourself to start saving is not a problem because it is for the future and requires careful preparation for us to achieve what we want.

[Fara Chan]

I agree with what you said, especially now that we can feel the increase in expenses in the country, it is really advisable that we should invest if we are capable to do it, but that does not mean that we should set aside about savings. It is better to have savings too so that we can have a money to spend on our needs in life. As you can see, Not everyone has their own savings and investment so it's better to find out for yourself what you can prioritize, and if you have too much money, you can do them together.

A good investor is an investor who always takes into account his own abilities through the savings he has before investing in anything under any circumstances. Because if after investing, someone has difficulty meeting their daily needs, it is better not to do this before someone has more money to meet their daily needs, part of which is to be invested.

Because investment is something that will be saved for the long term if someone wants to keep their assets for a long period, so savings that will be considered emergency funds or funds that will be used every day must indeed exist. So in this case, everyone should not put aside the issue of savings if they want to do something good for their own future, such as investing.

[shinratensei_]

I agree, there are people who think I'm tired of working for a month, I should enjoy the results and make my life happy, but that's at first, and then those people realize that their fun will soon end and start the routine again from the beginning.

those people are following the saying to enjoy this moment, you only lives once, but then again if we want brighter future we also need to be ready to suffer right now trying hard to build the future we dreamt of.
the thing is, its like a gamble, where we try to gamble our current moment to strive for betterment of the future but lets be real thats a gamble thats necessary to be taken if we want to strive forward and even if we lose its still worth it at least we are trying.
i can't sweat about how many people i've seen becoming broke when they are old, just because they have that mind set of you only lives once, some people are even willing to take loan for vacation which from my perspective is rather foolish.
best action to take, always try to strive for betterment of our future.

[Litzki1990]

Time never sits still for us, one day passing from our life means we are missing important moments but we don't realize them at this time. If I do the work that was needed at one stage of age after 10 years, but after 10 years there will not be enough energy to do that work. The most precious period of life is youth, at this young age the direction of a person's career is determined. There is no obstacle to studying but extra curricular activities should always be done along with studies. For example, besides education, at a young age we can think about how to invest and also try to do different things according to our skills. When we do these things from the student age, our skills will develop and we can do better things in the future. If a person starts a job after 10 years and the same job if a person starts ten years ago then it goes without saying that the person who started the job ten years ago will have more skill and experience than the person who started after 10 years.

[junder]

It's true what you said, if at a young age you can't save even though you already have a job, it will be difficult if you already have your own family such as a wife and children, because of course kitchen needs will also increase especially with children, expenses will increase too. Indeed there are still many people or people who spend their money on things that are not very important, so that it affects their finances. The thing that must be paid attention to is this, reducing unnecessary expenses. So it's possible to save money even with a small income. What's also important is good money management. Even if you have a large income, you can't manage your finances well, so it's possible that the income you generate could run out and end up somewhere.

Young age are usually more careless when it comes to saving and their habits are more likely to be extravagant when they have money, this is something almost many of us feel and maybe we are also in that condition. Age maturity in making choices usually depends on mindset and upbringing because this is shaped by parents and the environment. Trying to save expenses when you are young to develop any business is a way to make the road easier and when we are ready with stable finances then life will be better. The younger generation needs to create strategies for financial development problems and this strategy is difficult for the younger generation to achieve because they may not have responsibility and are too ignorant of the things that need to be done.

After getting married and having children, the problem of saving will become more complicated because we need to spend more and if we don't start at a young age, it will be difficult for us to reach a better stage of financial freedom. Forcing yourself to start saving is not a problem because it is for the future and requires careful preparation for us to achieve what we want.

in my opinion, there are only a few young people who can manage their finances well, including saving money. many of them are wasteful in managing their finances. especially with today in my opinion many young people are competing to be luxurious in front of many people whose goal is to be seen by many people, which is none other than the goal is to get a lot of praise, even though not all views can judge well all luxurious styles. but what is clear is that wastefulness in youth is very unfortunate.

of course, if you are married, let alone have children, we should be able to have a steady income, because the needs will increase as well as the daily needs that will increase as well. therefore when at a young age, you must have a clear job and good money management in order to prepare for the future because if not yourself, who else is it.
as much as possible should save in youth for the future such as to deal with the economy when married.

[bakasabo]

My story.

I have a friend who is a bit older than me. By the time we were in school, university, he was always a bit in front of everything. At school, when I was nerdy or diligent student, he was in PC gaming. When I got my PC and immersed in games, he was already clubbing (student era). When I found interest in visiting clubs every Friday, he was already making money. And that spoiled him. Money came to him easily, and he spend them easily. When I got my first low paid work, he was wasting money like nut. While I was building career, earning money, he was enjoying his life, burning money he had earn with grey schemes during youth. 15-20 years after, he is calling me every day and ask to help him to figure out a business or scheme he (we) would do, because he is deeply in short of money and rather lonely person.

I can say that I am old, but like OP mentioned, I have started saving/earning from youth. Now people who had opposite youth experience, annoy me and distract from rest, because they have wasted time and moment. Be smart guy. Start thinking about future today.

[MarjorieZimmermanGinger]

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.

Even though we have a good job and can generate an average income every month, it is still quite important to set a savings standard because we never know what the future will hold. Spending money on something that is not necessary will reduce the money we have so that the money will be spent on unproductive things, while our lives will continue with full responsibility for the family.

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.

Youth needs creativity in developing their potential and we rarely see young people who are able to make a portion of their savings from the income they get from their work. If you are not able to save, you should make an investment plan and try to increase the amount according to the money you have as much as possible. Because actually saving is not very productive because our money does not work to produce profits. Investing can provide profits according to the capital we invest, that's why I think investing is much more appropriate than making a much larger portion of savings.

[slapper]

Time never sits still for us, one day passing from our life means we are missing important moments but we don't realize them at this time. If I do the work that was needed at one stage of age after 10 years, but after 10 years there will not be enough energy to do that work. The most precious period of life is youth, at this young age the direction of a person's career is determined. There is no obstacle to studying but extra curricular activities should always be done along with studies. For example, besides education, at a young age we can think about how to invest and also try to do different things according to our skills. When we do these things from the student age, our skills will develop and we can do better things in the future. If a person starts a job after 10 years and the same job if a person starts ten years ago then it goes without saying that the person who started the job ten years ago will have more skill and experience than the person who started after 10 years.

Today, we're preaching to the choir about youth being the golden age. We know it's the best moment to set life's GPS, but it's not just about taking advantage. Strategic moves, guys. Personal finance is an attitude, not just numbers. Starting young puts you in a different league than your competitors

Get to the point. Investing requires dedication, not dabbling. Skills? They're your arsenal, not hobbies. We're shaping the future, not just generating money. Early birds get the worm and the harvest. The job you're avoiding? Ten years from now, you're losing time, compound interest, experience, and guts. Wake up, gear, and level. It doesn't refund, and time is running out

[Tbillion]

Is better to save up enough when you’re young so that when u get old you don’t need to stress yourself too much for things.

[Abu-Naim]

Is better to save up enough when you’re young so that when u get old you don’t need to stress yourself too much for things.

Exactly, but do you know that saving money is hard?
Everyone knows that saving at young age is the best, but we all follow trend and peer pressure which is the main reason why we no longer have time for saving for the future.
Some people will say that they will rather enjoy now because they don’t have full assurance of the future so that they can enjoy all they have before death visit them.

[ancafe]

in my opinion, there are only a few young people who can manage their finances well, including saving money. many of them are wasteful in managing their finances. especially with today in my opinion many young people are competing to be luxurious in front of many people whose goal is to be seen by many people, which is none other than the goal is to get a lot of praise, even though not all views can judge well all luxurious styles. but what is clear is that wastefulness in youth is very unfortunate.

of course, if you are married, let alone have children, we should be able to have a steady income, because the needs will increase as well as the daily needs that will increase as well. therefore when at a young age, you must have a clear job and good money management in order to prepare for the future because if not yourself, who else is it.
as much as possible should save in youth for the future such as to deal with the economy when married.

Not a few young people are able to handle finances responsibly and they have a much more focused vision. I see several criteria for young people actually making targets in their lives, such as building housing to sell, developing a business or trying to invest in crypto in general. Most young people tend to live in luxury and they are unable to manage their finances and a luxurious lifestyle is usually carried out by those who do not have a clear vision in their lives.

A steady income is really needed when someone is married and if they don't have a permanent job that can make money then their life will be much more difficult. That's why it's important for young people to make savings, invest or try to start a business so that gradually their finances become much more stable. Without preparing for this, their life after marriage will be much more difficult and the greater responsibility will make it more difficult for them to control.

[Dewi Aries]

Is better to save up enough when you’re young so that when u get old you don’t need to stress yourself too much for things.

Exactly, but do you know that saving money is hard?
Everyone knows that saving at young age is the best, but we all follow trend and peer pressure which is the main reason why we no longer have time for saving for the future.
Some people will say that they will rather enjoy now because they don’t have full assurance of the future so that they can enjoy all they have before death visit them.

It's obviously difficult if we don't have an income, even if we have a job, it's also difficult if we ourselves can't manage our finances well, if we don't manage our money well, it can result in the income we earn being wasted in vain and unclear. I'm sure everyone admits this, therefore if you already have a job that generates income then we should be able to manage our finances as well as possible so that we can manage our finances well for basic needs and for saving.

Many young people don't save, in fact they only use their money to buy things that are currently trendy that's not wrong,  but it's just that because of that, they don't think about their future which they have to prepare for.  This is the main problem that makes many young people can't save, because they only think about temporary pleasures.

[red4slash]

It's true what you said, if at a young age you can't save even though you already have a job, it will be difficult if you already have your own family such as a wife and children, because of course kitchen needs will also increase especially with children, expenses will increase too. Indeed there are still many people or people who spend their money on things that are not very important, so that it affects their finances. The thing that must be paid attention to is this, reducing unnecessary expenses. So it's possible to save money even with a small income. What's also important is good money management. Even if you have a large income, you can't manage your finances well, so it's possible that the income you generate could run out and end up somewhere.

Young age are usually more careless when it comes to saving and their habits are more likely to be extravagant when they have money, this is something almost many of us feel and maybe we are also in that condition. Age maturity in making choices usually depends on mindset and upbringing because this is shaped by parents and the environment. Trying to save expenses when you are young to develop any business is a way to make the road easier and when we are ready with stable finances then life will be better. The younger generation needs to create strategies for financial development problems and this strategy is difficult for the younger generation to achieve because they may not have responsibility and are too ignorant of the things that need to be done.

After getting married and having children, the problem of saving will become more complicated because we need to spend more and if we don't start at a young age, it will be difficult for us to reach a better stage of financial freedom. Forcing yourself to start saving is not a problem because it is for the future and requires careful preparation for us to achieve what we want.

Because we tend to always have the thought that youth is only once in a lifetime so we have to try all forms of anything that invites our curiosity without caring too much about the money we spend or not.
This is more or less the same for everyone who has ever been young because this kind of thinking is always there including for myself where the thought is still simple, the important thing is to be happy with the way we play it is enough for us.

But this is definitely not a good thing but sometimes we can't avoid it. It is not a mistake to enjoy youth by doing whatever we want but of course we also have to know the rules and should not be too liberating to forget that the hope of an old life that we have to fight for so as not to be in trouble.

[ChiBitCTy]

As a financial advisor is is one of the most important lessons I try teaching my clients, save, save and save some more and do so as early on as you can.  The time value of saving early, and letting compound interest build is immense, and will pay off in the long run.  I meet with so many people whom don't start saving until later on in their career and it almost always turns around to bite them in the ass.  If you wait, you won't have the retirement you want to have, plain and simple (unless you get lucky and inherit money or win the lottery).

[Stable090]

those people are following the saying to enjoy this moment, you only lives once, but then again if we want brighter future we also need to be ready to suffer right now trying hard to build the future we dreamt of.

When you enjoy when you are supposed to be struggling, then you will end up suffering when you are supposed to be enjoying. In life, our early stage is supposed to be a stage that we are going to use to struggle because that’s when you are still energetic, and make sure you secure some investment for yourself that you can depend on when you are old and you can no longer do anything. I think that’s when we should be enjoying ourselves.
 
Most young people now just spend their money anyhow, they don’t even plan for the future, they just buy expensive cars, they flex their lives with women, they go to clubs. When you buy an expensive car and you end up going broke, you will end up selling the car just to maintain yourself, and if you date different women when you have money, they will end up leaving you when you are broke, so most young people are not just doing the right thing.

[terrific]

Many young people don't save, in fact they only use their money to buy things that are currently trendy that's not wrong,  but it's just that because of that, they don't think about their future which they have to prepare for.  This is the main problem that makes many young people can't save, because they only think about temporary pleasures.

That's wrong because they don't think their future and they're applying the principle of YOLO.
Yeah, it may not be wrong on their perspective but soon they will realize it that they have to be more serious with life when they become older.
It's not always green in the pastures and that's why they also need to save for the rainy days.

[Dr.Osh]

As a financial advisor is is one of the most important lessons I try teaching my clients, save, save and save some more and do so as early on as you can.  The time value of saving early, and letting compound interest build is immense, and will pay off in the long run.  I meet with so many people whom don't start saving until later on in their career and it almost always turns around to bite them in the ass.  If you wait, you won't have the retirement you want to have, plain and simple (unless you get lucky and inherit money or win the lottery).

I really agree that we have to start, we even need to create a strategy to save consistently every month. This is the same as the DCA method, but we use it to save. However, the longer we put it off, the more time we waste, and we unknowingly pass several years before we start saving.
Many people are confused about choosing investments and saving. In fact, if they manage their finances well, they can easily deal with this.

[ancafe]

Because we tend to always have the thought that youth is only once in a lifetime so we have to try all forms of anything that invites our curiosity without caring too much about the money we spend or not.
This is more or less the same for everyone who has ever been young because this kind of thinking is always there including for myself where the thought is still simple, the important thing is to be happy with the way we play it is enough for us.

But this is definitely not a good thing but sometimes we can't avoid it. It is not a mistake to enjoy youth by doing whatever we want but of course we also have to know the rules and should not be too liberating to forget that the hope of an old life that we have to fight for so as not to be in trouble.

There is nothing wrong and maybe that is how most young people understand the process of their youth and slowly if they are directed correctly then habit will make them change slowly. In the past, I was quite lazy when he asked me to develop someone else's business and I spent more time on activities that were far from productive. But slowly my parents gave me encouragement and support, so I decided to help the business that my parents were seriously developing.

The upbringing pattern and style of parents educating their children is also quite influential because I have seen many children succeed when they follow in their father's footsteps. Even though at first they looked so lazy and didn't want to work seriously. If at a young age we don't prepare this then how can we possibly live under pressure when we get married and have children later.

[Strongkored]

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.

Lazy people will have this mindset because they will not try to maximize all the possibilities that exist in order to earn more and start to invest, usually, they will use the words enjoy life even though if they do not start investing it is impossible to enjoy life when they are elderly unless they win the lottery because it is impossible to live only by relying on today's income for a better future, except by starting to save and invest to be able to beat inflation.