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Author Topic: Lessons learned after striving to save money at the age of 30.  (Read 919 times)
shanhaigamefi (OP)
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July 01, 2024, 10:17:58 AM
 #1

The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.
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July 01, 2024, 11:19:37 AM
 #2

Although your post is not explicit enough but what I understand about understanding balance and not shortchanging oneself is you don't need to try to save money while you have urgent need for money. Like you can't have money in bank or your vault then you have health issues that requires attention or that of a close family member. It is worthless that you are starving and you have money saved somewhere that you vow not to touch, that does not make sense. So you need to make a balance of yourself and your savings. Another way to make balance is to reinvest your money and not to keep it in bank while the bank is investing with it  Grin

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July 01, 2024, 11:43:23 AM
 #3

The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.
This post might probably mean that saving is good but not to the extent of letting yourself suffer by not attending to your needs or even special wants because you want to prioritize your financial goals over your own self-care. Although saving and investing could mean a lot as it leads you to a brighter future, but what could be its essence if along the process your own self has been sacrificing a lot, because you focus more on your finances to build a bright and secured future than to prioritize first yourself and all your necessities. Saving is a necessity as well but not to the extent of compromising your self-worth and self-care.

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July 01, 2024, 12:18:35 PM
 #4

I take it that the post It's all about not saving at the expense of yourself by also making sure your finances does impact on your life positive as much as you forge towards making savings. It is understandable that our salaries are not keep up with the high inflation, which there makes everyone wanting to save for the future, but however we save, we should be conscious of not being too rigid with our concept of saving but flexible enough to accommodate emergencies and responsibilities that may arise outside what we may have ahead budgeted for.

The idea to have savings is that the savings could be used to save us and family when expected situations emerge such as health issues, children needs, and more others. So it doesn't matter how much time it might have taken to make up such savings, it's still worth letting lose in life threatening complications and challenges.

Just a quick one: being too rigid with savings doesn't or won't make you a great achiever.

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July 01, 2024, 01:28:01 PM
 #5

The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.
You know, while you're saving and preparing for the future, it's necessary not to leave out the present reality and just focus on the future breaking relationships and denying yourself all that is needed to live comfortably all because you're saving it investing for the future. Their are several individuals that neglect their families and core responsibilities in pursuit of an investment part they've chosen and when it's time to reap the fruit of thier savings or investments, they discover that they've destroyed a lot of things while building thier investment and might not be in good terms with the right people when the investment matured. The more you're advancing in your age most likely from age 30 and abive, it's necessary to reduce how long you're considering making an investment for so you don't deny yourself a huge part of life while waiting for your investment to ripe.

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July 01, 2024, 01:59:19 PM
 #6

The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself!
You'll understand that there's more to life than to what you've believed and known on your below 30s. There's so much to learn with your life and you'll give more importance to the life that has been give to you. If you're such a party guy during your teenage days up to below 30s, you'll see how you've wasted so much valuable of your time. Although we believe that life isn't a race but when you step on 30 and you still have the same mindset when you're young, you think that you're already on the last position of the life's race after looking at how others are doing with the same age as yours.

Loving oneself allows for better care of those who matter most.
And that's more important when you're aging. You need to give yourself a better you in all aspects including help, finance and relationships. You have to care more of yourself and as well as the family that you're establishing. And of course, giving back to the family that has raised you. This might not be the norm for some cultures but you'd see their importance when you become older as they also age too.

So an important thing for the younger ones there. Work if you have the opportunity to work and save your money and put it on investments. Because no one is there to save you when you get on this age and older but only you. Your actions are going to either thank or blame yourself whichever the result will be.

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July 01, 2024, 04:43:24 PM
 #7

The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.
This post might probably mean that saving is good but not to the extent of letting yourself suffer by not attending to your needs or even special wants because you want to prioritize your financial goals over your own self-care. Although saving and investing could mean a lot as it leads you to a brighter future, but what could be its essence if along the process your own self has been sacrificing a lot, because you focus more on your finances to build a bright and secured future than to prioritize first yourself and all your necessities. Saving is a necessity as well but not to the extent of compromising your self-worth and self-care.
Precisely. Quite cliché to some but you'd only know once you're there on that situation. Indeed it is okay to enjoy our lives on our 20s but that doesn't mean it is okay to be irresponsible.

Balance.

Balance both responsibilities and enjoyment; it is possible with discipline. Engaging with investments and employement at the start of your career is not a bad thing however, everything's too much is unnecessary. Enjoyment is also a must to experience in our lives but at least never be too confident of the present and always anticipate the negative outcome of our actions.

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July 01, 2024, 04:53:00 PM
 #8

The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.
This kind of post will give birth to many versions because it doesn't clearly state what you want to achieve. Saving for such a long period of time will not make your funds increase and in fact their value will continue to decrease because the money depreciates day by day. Some people are getting smarter in using the money they have and now many of them will try to do business or run investments rather than placing money in savings unproductively.

The care in question may be how someone can provide or fulfill the needs of their family. Because if you connect savings with benefits, it is much more rational for the family. Because everyone will definitely prepare something for their family and this cannot be separated from the financial strength they will inherit.
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July 01, 2024, 05:14:52 PM
 #9

Saving at age 30 without working is like having money and you can take care of yourself, okay at age 30 you keep saving why not look for a better business or Job the get fixed in than saving like I know savings doesn't bring profit rather you have a specific fixed amount in your account or in your crypto wallet only if they are stable coin. It wouldn't make any changes and you could have important needs to attend to but since you are out for savings you wouldn't care much about yourself rather working on your saving portfolios.

Why do we save? People saving for future and for emergency needs when time arrives like most people still do not care about their health when the time comes instead they stick to their savings and develop a severe illness that could even go beyond medical operation that could lead to either losing their lives while there money is being saved.

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July 01, 2024, 05:40:42 PM
 #10

For the past decade, saving money would get you nowhere. It might change now as long as interest rates stay where they are at but if you started savings by putting little by little of your extra funds In a savings account, most of that money would of evaporated due to inflation.

This is why most wealthy people aren’t affected by inflation because they own assets like stocks, real estate, gold, bitcoin, etc.

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July 01, 2024, 05:50:46 PM
 #11

Quote from: shanhaigamefi
The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.
I know you will surely regret for knowing how to save money at the age of 30 for future purpose, I don't think is too late for you to do what other people are doing to invest their money in a decentralized business, because that is what is making people to meet up with their mate in the area of finance. You will get that opportunity if you can start saving some money from your salary no matter the inflation that is affecting people by reducing some of the things that is making you to spend your salary anyhow in the society, I believe within some months you will begin to see your savings accumulating.

When you learn from your mistakes, it will make you to plan your future well when you have another opportunity because you will do everything possible not to allow what happened in the past to happen again.

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July 01, 2024, 06:41:42 PM
 #12

The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.

We are in a time that saving money won’t gain you anything but investing into some other asset can be the the best option you should focus on. We are in a time that inflation wins over those that are saving and favour those that are investing. Inflation moves together with investment interest but saving won’t get you anywhere.

You don’t need to save money when you’re in need of money to solve problems, those that do that are only punishing themselves and should not be encouraged within ones group. If you are so sure that you want to save money and satisfied with what you have to be enough for your means, you should rather try investing in an asses that will be given you profit from time to time and not just a stagnant money stock in one vault with same value after so many years.

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July 01, 2024, 06:58:23 PM
 #13

The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.
When we do speak about saving money then this is really something that should be done as early as you could or on the moment that you would be mature enough on trying out to think about the future.
Usually this do happens on the moment that you are on college time on which making up some realization on what future you should really be taking and this is why you would really be setting out those plans
and this is why there would really be those individuals who would really be taking up that immediate step on the moment that you would really be that wary about those situations.

When you are already on the age of 30 then it would really be that just that normal that you should really be thinking about saving up or you are already on the level on where marriage life
is something that will really be that in line but of course not everyone wont really be pursuing on things on the moment that they are seeing that they cant be still that stable
and this is why life conditions or situations will really vary on this aspect.

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July 01, 2024, 07:17:47 PM
 #14

So you mean you can only save at 30 years old? It doesn't matter because at 30 years old we are still productive with our work but it won't be too late for you if you try to save rather than not at all.

So I agree with others, saving money will not increase your wealth unless you invest in some assets that can increase in value in the future if you save in fiat which continues to inflate maybe you will get a little interest if you keep it in a deposito.

I would not save more in the form of money, some assets are in bitcoin to be the future asset of a fairly realistic increase, but you are free to do whatever you want such as saving only for emergency funds, but honestly there are still many people saving for their parents or for their children.

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July 01, 2024, 08:01:14 PM
 #15

The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.

Giving yourself the right type of education is also crucial, because you can fritter away a lot of money in many different ways without realizing it. If you put your money to work in the most effective ways it can make a huge difference to your retirement pot. Earning an extra 3%+ per year, even just saving money on paying management fees by using the wrong funds, can add up massively over your lifetime. That being said, everyone should strive to exercise and eat healthily as you say, because there is no point getting to retire at 50 years old if your whole body is a mess due to poor habits. Definitely maximize the amount of exploring and experiences you can do in early years because it only gets harder later in life.

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July 02, 2024, 04:53:28 AM
 #16

You should probably also gonna learn that saving money is probably the slowest way to accumulate wealth, increasing income is the way.

but yeah, even if someone is so committed with saving money that they never truly try other option that give better long term return, never try to deprave yourself of your basic needs, i've seen many people trying to save money in detrimental ways as such that it's self harming, always remember, medical bill could drain all your saving just in one fell swoop Grin, take care of yourselves better.

also, if you happen to save money, try to compound-investing it in an investment that's low risk if you don't tolerate higher risk, so to not waste too much time just to gain disappointing returns.

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July 02, 2024, 05:53:34 AM
 #17

Investing in oneself makes sense. By that, I mean investing in gaining new education, new experiences, and skills. Treating oneself from time to time is perfectly normal, but wasting money on useless stuff isn't going to help. Even if one's financially stable, it's good to keep working or at least volunteering, to give back to the community and contribute positively to society.
Saving money is a sound practice, but it shouldn't be done at the expense of covering basic needs. Treating oneself and saving up aren't mutually exclusive and can be combined.

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TravelMug
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July 02, 2024, 10:31:44 AM
 #18

The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.

You mean self-caring? Yeah, I think it's very obvious that in order for you to save money, then you have to take care of yourself first as that is the biggest investment that you will make in your life. I mean maybe your parents will help you up with your studies, but once your finished it then it's time for you to look for a better job that will make you good money and then you can start saving for you and your future.

Although it looks like the norm, but then you can go on the contrary, and maybe if you have invested enough money or save at the age of 30 then you can start your own business and be a entrepreneur and be a self made millionaire. So you create more money from the early investment that you have.

R


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knowngunman
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July 02, 2024, 11:16:31 AM
 #19

The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.

I find it hard to grasp the context of this post at first but reading through some comments , I understand where the post is heading but first of all,you don’t need to attain the age of 30 before striving to save as long as you have enough to cater for the present. It’s actually necessary to find balance between your spending and saving as it gives one happy and fulfilled life.

The important of saving can not be underestimated. In fact, it is very crucial because it shape our future goals and give us financial stability but enjoying life at the moment is also paramount. You can only think of future when you are living healthy in the present and take good care of yourself. There’s possibility you’re not part of the future, enjoy the present to the fullest.

R


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Fara Chan
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July 02, 2024, 12:16:54 PM
 #20

The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.
I don't think anyone hates themselves because of money, even if that person has a wasteful nature in how they treat money in their own life. Because people who have been able to save money by only using money for every important thing and just treating money more wisely are people who have seen more of the good sides of life so that person will not only care about themselves. But he will also care more about his family and those closest to him who are always willing to help him in many ways so that the savings are not only for himself, but also to be able to help the people who are quite important in his life.

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