Lessons learned after striving to save money at the age of 30.

[Casdinyard]

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.

Simple and concise, just the way I like it lol.

I would totally agree with you on this one. The fact of the matter is that people are so invested and so bought in with the whole grind and hustle movement that they oftentimes forget the very reason they are building money and wealth is not so they can flaunt cars and houses and fuck bitches. It's to live comfortably where you wouldn't have to worry about meeting your basic needs, and having a little fun every now and again as well.

Back when I was broke as hell I used to think of always saving money and probably investing it so I can make more money and not worry about the bills anymore, but nowadays, living comfortably on my own accord without issues all I really wanted to do was make the most out of the money that I have and spend it with the people I love and care about, doesn't even matter if I lose it all within this lifetime. I know the formula anyway so I could always make more if need be.

Have the dedication and the grit to follow through with your saving aspirations, but always remember that you're saving money and killing yourself at work so you can have a peaceful retirement. Grind is good but having fun is miles better.

[Viscore]

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.

It might change now? I think that's too late. If there is a change, it already happened long time ago. If there is a change, then that will only make the situation worse for us people because the rates will only get higher.

Even though our money will get devalued over time, there will still be something that will left with us, so we can say that saving is still better than not saving anything at all. Also when we save, we can try to use the money in a not-so-long-time, so that inflation won't eat most of it and we won't heavily regret it. We can't also predict life and maybe something really bad can happen to us later on and we may not enjoy our money anymore.

Saving should not be underrated since it is through saving that we can gain funds to invest without borrowing the capital. Of course, we shouldn't stop with saving alone but use it as an edge to invest. When the time our investment turns into a success, that will give us bigger opportunity to save more funds so we can prepare for a bright future ahead, otherwise saving alone won't get you that far from the time you've started.

[boty]

Saving should not be underrated since it is through saving that we can gain funds to invest without borrowing the capital. Of course, we shouldn't stop with saving alone but use it as an edge to invest. When the time our investment turns into a success, that will give us bigger opportunity to save more funds so we can prepare for a bright future ahead, otherwise saving alone won't get you that far from the time you've started.

Saving is of course a very important thing for everyone to do because without having savings it will certainly make someone experience difficulties when they need funds but they can't get them because they don't have savings, as you said to be able to invest, of course you need capital and if we don't having funds that we can use of course cannot carry out investments and borrow capital to invest of course this will be very risky if we cannot carry out investments well of course this will be a problem for ourselves.

If we start saving at a young age then this will be very useful in old age because if we don't start saving at a young age of course we have to continue working until we are old. Of course this is not what everyone wants because of their age. Of course everyone wants to enjoy their old age by relaxing with their family, so it is very important for us to be able to have savings so that we don't experience financial difficulties when we are old.

[barisbilgili]

Saving is of course a very important thing for everyone to do because without having savings it will certainly make someone experience difficulties when they need funds but they can't get them because they don't have savings, as you said to be able to invest, of course you need capital and if we don't having funds that we can use of course cannot carry out investments and borrow capital to invest of course this will be very risky if we cannot carry out investments well of course this will be a problem for ourselves.

If we start saving at a young age then this will be very useful in old age because if we don't start saving at a young age of course we have to continue working until we are old. Of course this is not what everyone wants because of their age. Of course everyone wants to enjoy their old age by relaxing with their family, so it is very important for us to be able to have savings so that we don't experience financial difficulties when we are old.

No one can deny that there are quite a lot of benefits that can be felt by saving at a young age, but what we also have to realize is that not everyone has the opportunity to do that at a young age, perhaps due to environmental influences or inadequate income.
So we shouldn't just focus on that, we can still do many things even if we don't have savings, the most important thing is knowledge, in my opinion it is a big capital in life.

If you want to enjoy your old age you can't always do it by saving, in fact I think a good plan for enjoying your old age is by investing.

[wxa7115]

No one can deny that there are quite a lot of benefits that can be felt by saving at a young age, but what we also have to realize is that not everyone has the opportunity to do that at a young age, perhaps due to environmental influences or inadequate income.
So we shouldn't just focus on that, we can still do many things even if we don't have savings, the most important thing is knowledge, in my opinion it is a big capital in life.

If you want to enjoy your old age you can't always do it by saving, in fact I think a good plan for enjoying your old age is by investing.

And how can you invest without any savings? Saving any disposable income you may have is the first step before you can become an investor, and while without a doubt knowledge is important, it means nothing without the money necessary to take advantage of it.

Besides once you read several books about investing, there is not much you can learn from them, and instead you need to learn by actually using your money to buy the assets you like, and in order to do this once again you need money.

[slapper]

Bro, at thirty you're realizing that life is about taking care of your dang self as well as about money stacking. Welcome to the party. We worry about money as though it were the essence of existence. But guess what? That green thing ain't going to make you happy if you're not happy

You have to chill, first take care of yourself. For the ones you love as well as for you. That nice vibe travels like wildfire when you're cool and collected. You are giving someone your best self, not only money. What then is the actual richness here? It's the relationships you create, the love you offer, the fun times you spend, not the numbers in your bank account

[Bright0515]

Bro your topic and your write up didn't match, u should try to create something understandable so that you can also get the exact answers you want to get. Trying to save or striving to save in your thirty is more simple, from my own point of view you find out that saving money is very difficult because you still have the mentality of "THERE'S STILL ENOUGH TIME" you can make up your mind to keep some amount of savings and as a youth life style you must belong in the society lifestyle you won't want to look different this mentality have made so many people regret their youth today.

But as a man in 30 you already know the Mary go round of life and you know how to tackle them but as a man striving to save in 30 you can only be in deep problem if you already have a family but if you are not this maybe easy.

[Iranus]

~snip

~snip

Saving should not be underrated since it is through saving that we can gain funds to invest without borrowing the capital. Of course, we shouldn't stop with saving alone but use it as an edge to invest. When the time our investment turns into a success, that will give us bigger opportunity to save more funds so we can prepare for a bright future ahead, otherwise saving alone won't get you that far from the time you've started.

That's right, for people with low incomes, how can they start investing without having some savings first? Also, is there any guarantee that our investments in stocks and bitcoin will always bring profits or will there be times when we have to lose money because of market declines? In such times, saving will work better as well as in emergencies.

Many people keep talking about monetary inflation, but is inflation so great that it causes the value of our currency to decrease by 10%-20% in a day or a month like bitcoin? Saving in the long term is a bad idea, but in the short term or in an emergency it is extremely important and useful.

[Finestream]

Bro, at thirty you're realizing that life is about taking care of your dang self as well as about money stacking. Welcome to the party. We worry about money as though it were the essence of existence. But guess what? That green thing ain't going to make you happy if you're not happy

You have to chill, first take care of yourself. For the ones you love as well as for you. That nice vibe travels like wildfire when you're cool and collected. You are giving someone your best self, not only money. What then is the actual richness here? It's the relationships you create, the love you offer, the fun times you spend, not the numbers in your bank account

I do agree on this. Life at thirty is not just all about accumulating more money and diversifying your investments. Although one should start securing its future, but apart from that, we also need to find time to relax and enjoy. Life's essence is not measured on how much amount of money and wealth you have, but it's more on how you live a good and simple life and enjoy it even if you don't have luxuries with you.

Life should always be balanced in all aspects. Yes, you need money but you also need to feel genuine happiness and peace of mind, and that will only happen if you manage to live your life without focusing on greed and life's material things.

[boyptc]

Life should always be balanced in all aspects. Yes, you need money but you also need to feel genuine happiness and peace of mind, and that will only happen if you manage to live your life without focusing on greed and life's material things.

This is true. Life is too short not to enjoy it. We earn money for our needs but don't forget to enjoy the hard work that you do.

That is one lesson that I've learned. What if we die tomorrow? we earned that much and held Bitcoin for so long not to enjoy it but only for our funeral?

People might say that this is exaggeration, no it's not. And this is the reality that everyone needs to understand about life.

[Dzwaafu11]

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.

But regardless of how good saving is, if someone can save money and still be suffering, then there is no use of saving the money since we all save money for the sake of solving our problems, so if what you said is what the OP really meant by this post, then I think the money he saved does not have any use. In fact, regardless of the plan you have, as long as you have money, don’t let yourself suffer. If there is money, even though we are talking about the future, I think self-care is more important than saving and refuse to use the saved money while suffering.

[$anounimus$]

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.

But regardless of how good saving is, if someone can save money and still be suffering, then there is no use of saving the money since we all save money for the sake of solving our problems, so if what you said is what the OP really meant by this post, then I think the money he saved does not have any use. In fact, regardless of the plan you have, as long as you have money, don’t let yourself suffer. If there is money, even though we are talking about the future, I think self-care is more important than saving and refuse to use the saved money while suffering.

Working hard to produce something does not necessarily mean saving but there must be a percentage of use of the results of your hard work. If you have more income to save then it will not be balanced and holding yourself back by not spending money on yourself is clearly not a solution. So you still need to save money, but don't sacrifice yourself by not providing nutrition for your body and other things that are really needed.

[Kelward]

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 

OP wasn't explicit enough about where his thread is driving at but I'm in line with your thoughts about his meaning. In my journey of financial literacy I've come to understand that savings and investments are secondary needs, an income earner needs to satisfy his basic needs which are primary before attending to secondary needs. Your upkeep for the duration that your income will last before another one will come is the most important and basic requirements of your income, neglecting them and saving the money in the bank is not the best financial decision.

Not taking money from the money that is saved in the bank to take care of yourself and loved ones is not worth it. Taking money from your savings to cater for you and your family's healthcare and prudently taking money to help your loved ones are very important. Your well-being and that of your loved ones should be a priority to you.

Save money for short term expenditures in the bank or stablecoins if there is inflation in your country and invest money that you want to keep on the long term on a valuable asset like Bitcoin.

[Reredmi896]

No one can deny that there are quite a lot of benefits that can be felt by saving at a young age, but what we also have to realize is that not everyone has the opportunity to do that at a young age, perhaps due to environmental influences or inadequate income.
So we shouldn't just focus on that, we can still do many things even if we don't have savings, the most important thing is knowledge, in my opinion it is a big capital in life.

If you want to enjoy your old age you can't always do it by saving, in fact I think a good plan for enjoying your old age is by investing.

And how can you invest without any savings? Saving any disposable income you may have is the first step before you can become an investor, and while without a doubt knowledge is important, it means nothing without the money necessary to take advantage of it.

Besides once you read several books about investing, there is not much you can learn from them, and instead you need to learn by actually using your money to buy the assets you like, and in order to do this once again you need money.

Yes, I agree, saving and investing are two different things, although both are important for our future, which is more important?
In my opinion, it would be more important to save if we feel that we can't start investing because we don't have enough funds or finances, and remembering that investing is not an easy thing because of the risks we have to face in the future and we must always be ready to maintain our investment, that doesn't mean investing is a bad thing, but we have to look at our abilities, don't force what we might not be able to do, because everything requires MONEY.
by saving, there is an opportunity for us to invest, and learn the science of investing for the long term, so that we can put the money we save to good use
and if you can do both saving and investing that would be even better. But back to our respective abilities, the point is don't force it. Opportunities will always be there as long as we want and try

[agan husaeni]

I hope that by maintaining balance and taking good care of ourselves, we can give more love and attention to our loved ones. Self-awareness of our own needs and limitations is the key to providing meaningful support to others. We should also remember that self-care is not a sign of selfishness, but a strong foundation for being better at helping others. 

[redsun114]

Saving should not be underrated since it is through saving that we can gain funds to invest without borrowing the capital. Of course, we shouldn't stop with saving alone but use it as an edge to invest.

I think it isn't, because a lot of people are doing it already, as there are great perks that entails with it. By saving, it allows us to multiply the small amounts that we save and it was mainly used for emergency situations and not really to invest on something. If we want to invest on something, it is still possible by using the amounts that are left in our salary. I think it's not wrong to lay-low or subside with savings, if you are really lacking in budget, and I think it's more easier to do and can be less risky for a while than investing.

When the time our investment turns into a success, that will give us bigger opportunity to save more funds so we can prepare for a bright future ahead, otherwise saving alone won't get you that far from the time you've started.

Savings, doesn't need to be big but it is usually done using the residual money that are left from our salary or something.

[Rockstarguy]

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.

This goes to say that saving will not get us wealthy but investing is. Although we don't really aim to be financially wealthy but at least we can secure and enjoy our future retirement and we can leave some inheritance into our offspring. That's exactly the reason why we don't just need to focus on enjoying the present life, but we should also learn to navigate our future as well by saving and investing from time to time when opportunities are available.

When you are talking about wealth I don't think you can take away savings from the picture because savings also plays it own role. Without savings I don't think it is possible to carry out investment expecially for those who earn small, savings have to be done for investment to take place. The only way I see savings as something that won't have any value is when saves money for a long period of time and not making any plans on investing.

Saving is very important for people who receives low income for them to be able to start up any investment. The main purpose of savings is to make investment but it will be unwise when saving is done continously and no investment because the money will lose value due to inflation.

[TastyChillySauce00]

Also you start to realize that as it turns out being too stingy to ourselves which could be harmful will bear disaster moving on.

for anyone that are saving and investing heavily, never forget to keep your health good and your body fit, hospital bill isn't cheap and could empty your bank account quick enough.
so I personally realizing this, just try to prioritize clean food and mental health which i think anyone should do as well. 

I hope that by maintaining balance and taking good care of ourselves, we can give more love and attention to our loved ones. Self-awareness of our own needs and limitations is the key to providing meaningful support to others. We should also remember that self-care is not a sign of selfishness, but a strong foundation for being better at helping others. 

Agreed, can't really help other people if we ourselves are lacking, once we lives a balanced life we can easily contribute to the community.

[Dewi Aries]

Bro, at thirty you're realizing that life is about taking care of your dang self as well as about money stacking. Welcome to the party. We worry about money as though it were the essence of existence. But guess what? That green thing ain't going to make you happy if you're not happy

You have to chill, first take care of yourself. For the ones you love as well as for you. That nice vibe travels like wildfire when you're cool and collected. You are giving someone your best self, not only money. What then is the actual richness here? It's the relationships you create, the love you offer, the fun times you spend, not the numbers in your bank account

I do agree on this. Life at thirty is not just all about accumulating more money and diversifying your investments. Although one should start securing its future, but apart from that, we also need to find time to relax and enjoy. Life's essence is not measured on how much amount of money and wealth you have, but it's more on how you live a good and simple life and enjoy it even if you don't have luxuries with you.

Life should always be balanced in all aspects. Yes, you need money but you also need to feel genuine happiness and peace of mind, and that will only happen if you manage to live your life without focusing on greed and life's material things.

That's why we have to try to work hard at a young age. Now saving is an important thing that everyone has to do and I feel that saving has to be done by everyone without exception, but what about those who don't have enough income or in other words their economic situation is completely lacking. can they save? I think they can't save, but what they have to do is they have to be able to change their own situation by having a more sufficient income such as finding a decent job.

When things are not good we have to be able to fix them ourselves no matter what, when things are good then we have to save because with this of course the future will be good even if we don't invest.  Apart from that, when conditions are good, everyone can save, but not everyone who is in good economic and financial conditions can invest, either because they are not interested or maybe they are not interested. Enjoying the future depends on us now,  if we can prepare everything well then the future will be bright.

[Porfirii]

Maybe a bit off-topic, although I think that my comment will be on point.

I have seen a new tv commercial lately -it is about tonic water- which states that, as youngsters were born "so late" (too late to save for a house, to get a stable job, to be parents...) we should simply carpe diem.

That's not the best advice IMO, and by reinforcing that belief in the viewers, they may be perpetuating certain problems that we are facing these days, related to balance.