If you don't save,you are not safe

[Robinrex77]

I am not a rich person and not a descendant of a rich person, some of the money I earned came from my hard work so far. So far I have always focused on offline work and tried to do online work to increase my income.
I have tried three ways of using money at different times, but my focus remains on investing. I always spend money to buy primary necessities for daily needs and occasionally splurge money to make my family happy.

My children and wife also play a big role in how much money I earn, I am responsible for making them happy by taking them on vacation and buying things they like. Life is not only about how much money you can collect from various sources of income, but making the people who support us happy is also very important.

My principle is, money can be earned, happiness cannot be bought.

I respect your opinion alot being responsible is not an easy thing, I also know that when a man family is happy it gives him longer life.
Offline hustle is what I do that most as electrician, connection of my equipment is source of happiness and when the work is done I feel accomplished.
At that point I calculated money income and removed my expenses for my family for the week if it is okay, then I save, when a man is married his wife and children automatically becomes his first family.

[Ishicryptic]

I agree that if you don't save you won't be safe in the future, nobody can stay young forever and if you don't plan well for retirement you might live in poverty and regret in old age. You need to have money before you can have savings so it is important to work hard so that you will make enough money to take care of your essential needs then have surplus that you can save. If you have the mindset of savings but don't have money to save it means that you will be no different from those that have enough for savings but never save anything. If you are not able to save what you can do is try and reduce expenses from your essential needs so you can have some spare to save, if you cannot do this there is no reason for you to save yet.

[Marvelockg]

It’s funny thinking that saving is actually a necessity in life, and yet a lot of people don’t find means to save but instead turn into a one day millionaire and spend all their money in just a blink of an eye. And after that, get to suffer the consequences of having no savings at all.

However, we all know we really need to save to prepare for our future. And saving and investing do not just come in an instant, we need to do it for long term as it requires a long term process before we will be satisfied with the outcome. That’s why if you don’t have enough motivation and patience to save and invest eventually, you will never experience saving and investing all throughout your life.

Well written Distinctin but pardon me if I disagree with that part where you said "Savings should be done for a long term since it requires a long term process to attain the desire outcome".

You see, the main goal of savings is that one should have an additional money somewhere where he/she can run to when things go south (which is inevitable). I'm not saying having a long term savings plan is bad but then, we can't deny the fact that challenges can come at any time and unexpectedly.

I'll like to add that savings should be flexible. When you don't have enough to spare after you've saved up, I'll advice you stay aware from optioning for a fixed deposit plan, so as to avoid getting stranded as and when needed.

One love ✌️

[Zackz5000]

This three set of people are still existing on this planet Earth no doubts, but I will say this saving money won't make you rich and successful in this life, because all the rich and successful people we have all over the world didn't become rich and successful through saving money, they invested their money in something that can double their money, that's is why they are where they are today. And as for Those person's who are opportune get rich parents or who are opportune to inherit billion from their parents they should better start investing in something that can be giving them returns and stop spending money anyhow especially things that are necessary feeling that the money will not finish it will, and what can keep them at the top is when they invest on something that can be giving them returns.

I disagree with you when you said that savings can not make you rich, remember there are set of people that have being making savings for some years maybe decade. Not that they are just making savings so that they will  be one  among those set of people that is making savings, but they have thier reasons for making savings It might be that thier intention is to save enough capital that they can use to establish a business and once they succeed in achieving these there target their life will never remain the same, making savings can only be worthless that's if you don't even have a goal I mean something you want to do with the money you're saving maybe just to save it so that whenever there is no food you just dip your hand in your savings account to sort things out no, this is not the right way to make savings.

Saving with the plan of investing the money saved in the right time can actually make some one rich, saving is very important and it takes courage to save, there must a savings before a project can be carry on, he who is saving is not planning to fail unless the money he is saving is to solve problem and also make problem with it because there are people who save just to make trouble, the small business am doing now is through saving and am benefiting from it and if i get rich some day it was through the savings, so you are right, savings used well can get us rich.

[Versatile_choice]

This three set of people are still existing on this planet Earth no doubts, but I will say this saving money won't make you rich and successful in this life, because all the rich and successful people we have all over the world didn't become rich and successful through saving money, they invested their money in something that can double their money, that's is why they are where they are today. And as for Those person's who are opportune get rich parents or who are opportune to inherit billion from their parents they should better start investing in something that can be giving them returns and stop spending money anyhow especially things that are necessary feeling that the money will not finish it will, and what can keep them at the top is when they invest on something that can be giving them returns.

I disagree with you when you said that savings can not make you rich, remember there are set of people that have being making savings for some years maybe decade. Not that they are just making savings so that they will  be one  among those set of people that is making savings, but they have thier reasons for making savings It might be that thier intention is to save enough capital that they can use to establish a business and once they succeed in achieving these there target their life will never remain the same, making savings can only be worthless that's if you don't even have a goal I mean something you want to do with the money you're saving maybe just to save it so that whenever there is no food you just dip your hand in your savings account to sort things out no, this is not the right way to make savings.

Saving with the plan of investing the money saved in the right time can actually make some one rich, saving is very important and it takes courage to save, there must a savings before a project can be carry on, he who is saving is not planning to fail unless the money he is saving is to solve problem and also make problem with it because there are people who save just to make trouble, the small business am doing now is through saving and am benefiting from it and if i get rich some day it was through the savings, so you are right, savings used well can get us rich.

I agree with your overall point, first I will say that you're very correct when you said that investing the money saved in the right time can make one rich. And you're also correct when you said that savings can only be considered as waste if we are only saving in order to cause problems with it our using it to sort ourselves out from one problem and the other but if you are not saving for this reasons then it's rest assured that one can literally become rich through savings and also Invest it in a good business and not just investing It in random business because there are some business that doesn't move well so while saving to invest we should ensure that we are making the right choice of investment or business to avoid regret.

[HONDACD125]

I agree that if you don't save you won't be safe in the future, nobody can stay young forever and if you don't plan well for retirement you might live in poverty and regret in old age. You need to have money before you can have savings so it is important to work hard so that you will make enough money to take care of your essential needs then have surplus that you can save. If you have the mindset of savings but don't have money to save it means that you will be no different from those that have enough for savings but never save anything. If you are not able to save what you can do is try and reduce expenses from your essential needs so you can have some spare to save, if you cannot do this there is no reason for you to save yet.

Some things are easier said than done. When it comes to saving and making enough money to be able to do that, it's not always up to us whether we want to make more money so that we can save, but it depends on our life and the situations we are in, and whether we have a source of income that earns us enough money that we can use for both expenses and savings, and for most people, unfortunately, they aren't able to save money because whatever they earn goes straight into their monthly expenses, and it's sometimes even less than they actually needed.

Being able to save money is a blessing, and not everyone can have this blessing. Based on my personal experience, I have seen so many people who live cheque to cheque and don't have anything in the middle. They don't have savings or emergency funds, they only work for a whole month, get their salary, and use that money for the expenses, and continue doing that again. It's not easy, but they have no other choice than this.

[KeenanEl19]

I agree that if you don't save you won't be safe in the future, nobody can stay young forever and if you don't plan well for retirement you might live in poverty and regret in old age. You need to have money before you can have savings so it is important to work hard so that you will make enough money to take care of your essential needs then have surplus that you can save. If you have the mindset of savings but don't have money to save it means that you will be no different from those that have enough for savings but never save anything. If you are not able to save what you can do is try and reduce expenses from your essential needs so you can have some spare to save, if you cannot do this there is no reason for you to save yet.

It is our duty to prepare for a good future, sometimes I want to laugh at people who want a comfortable future but I know that person is very lazy to move forward. I have a friend whose habit is playing games every night until he exchanges his sleep time for daytime, but every time he comes he always complains that he is tired of life and occasionally he has plans to change his life but there is no better movement at all, honestly I am annoyed with him when he comes, because with his arrival alone I am already sick of hearing his nonsense.

[Xcode7]

I agree that if you don't save you won't be safe in the future, nobody can stay young forever and if you don't plan well for retirement you might live in poverty and regret in old age. You need to have money before you can have savings so it is important to work hard so that you will make enough money to take care of your essential needs then have surplus that you can save. If you have the mindset of savings but don't have money to save it means that you will be no different from those that have enough for savings but never save anything. If you are not able to save what you can do is try and reduce expenses from your essential needs so you can have some spare to save, if you cannot do this there is no reason for you to save yet.

It is our duty to prepare for a good future, sometimes I want to laugh at people who want a comfortable future but I know that person is very lazy to move forward. I have a friend whose habit is playing games every night until he exchanges his sleep time for daytime, but every time he comes he always complains that he is tired of life and occasionally he has plans to change his life but there is no better movement at all, honestly I am annoyed with him when he comes, because with his arrival alone I am already sick of hearing his nonsense.

Don't worry about others and stay focused on yourself because no one will help you when you're in trouble.
Remember that what you do today will have an impact in the future, So we can manage our lives from an early age, If we want to be healthy, we must exercise regularly from an early age, If we want to be rich or successful, we must work hard and save from an early age. This is a very fair law.

[Gaza13]

I agree that if you don't save you won't be safe in the future, nobody can stay young forever and if you don't plan well for retirement you might live in poverty and regret in old age. You need to have money before you can have savings so it is important to work hard so that you will make enough money to take care of your essential needs then have surplus that you can save. If you have the mindset of savings but don't have money to save it means that you will be no different from those that have enough for savings but never save anything. If you are not able to save what you can do is try and reduce expenses from your essential needs so you can have some spare to save, if you cannot do this there is no reason for you to save yet.

Of course, everyone will think about things like what you said, namely saving or storing money to protect against things we don't want. I think if someone can't put aside their money to save, I think trying to cut down on the expenses of living needs is not a good way out. There is no problem if you focus on saving what you earn from your work, but you need to remember that you have to look for additional income outside of work to be able to complete the gaps that you have needed so far. This is where the most important thing is to overcome the problems you face regarding the deficiencies you experience.

[alankasman]

Of course, everyone will think about things like what you said, namely saving or storing money to protect against things we don't want. I think if someone can't put aside their money to save, I think trying to cut down on the expenses of living needs is not a good way out. There is no problem if you focus on saving what you earn from your work, but you need to remember that you have to look for additional income outside of work to be able to complete the gaps that you have needed so far. This is where the most important thing is to overcome the problems you face regarding the deficiencies you experience.

If our income is still unstable, it's better to enjoy it first. Unless our income comes in from left to right, saving isn't a problem.
Some people, even with limited income, still want to save, even if it's just a little. I think, as you said, if we want to save, we should at least have another job to supplement our finances, so that our initial income can be used for our daily needs and our family's.
Once we find another job outside of our daily activities, we should at least know how to manage our time to avoid problems. Because on the one hand, there are places where we can do what we want, and on the other, we must follow the procedures implemented by our employer to avoid unwanted problems.
My question is, are we prepared for such a situation?

[Agbe]

Snip

If our income is still unstable, it's better to enjoy it first. Unless our income comes in from left to right, saving isn't a problem.
Some people, even with limited income, still want to save, even if it's just a little. I think, as you said, if we want to save, we should at least have another job to supplement our finances, so that our initial income can be used for our daily needs and our family's.
Once we find another job outside of our daily activities, we should at least know how to manage our time to avoid problems. Because on the one hand, there are places where we can do what we want, and on the other, we must follow the procedures implemented by our employer to avoid unwanted problems.
My question is, are we prepared for such a situation?

You can't be talking about saving money when your salary is not even up to your daily needs, saving is for people that's has a stable means of income a person should is struggling financially can't be taking about saving because you have to stay alive before thinking about saving. This is one reason why individuals should always have multiple sources of incomes because with the current economic situation of the world individuals should move beyond having only one source of income.

[colinistheman]

You can't be talking about saving money when your salary is not even up to your daily needs, saving is for people that's has a stable means of income a person should is struggling financially can't be taking about saving because you have to stay alive before thinking about saving. This is one reason why individuals should always have multiple sources of incomes because with the current economic situation of the world individuals should move beyond having only one source of income.

I agree with you, we cannot think of saving when our salary is not even enough to cover our daily needs.Daily needs are something that needs to be prioritized and completed before thinking about other funds. Therefore, those who are still struggling financially to meet their daily needs should focus on increasing their income, instead of thinking about saving or investing.
However, increasing income or having multiple streams of income is not as easy as we think, easier said than done. But this seems to be the only solution, so no matter how difficult it is, people in this situation should try their best to increase their income.

[Cryptmuster]

I agree with you, we cannot think of saving when our salary is not even enough to cover our daily needs.Daily needs are something that needs to be prioritized and completed before thinking about other funds. Therefore, those who are still struggling financially to meet their daily needs should focus on increasing their income, instead of thinking about saving or investing.
However, increasing income or having multiple streams of income is not as easy as we think, easier said than done. But this seems to be the only solution, so no matter how difficult it is, people in this situation should try their best to increase their income.

A single source of income is acceptable for a woman because she also has responsibilities with her children (if we're talking about family). A man, as the breadwinner, should have multiple sources of income so that he has enough money to provide for the family and can also steal to build up capital for a reserve and investments. You need a reserve for unforeseen situations, and capital for investments (for buying Bitcoin or other assets). Of course, it's not easy to find a part-time job and spend time and energy on it in addition to your main job, it's easier to have a beer after work and lounge on the couch, but that's your choice.

[YUriy1991]

Experience in various parts of the world has taught how someone who previously worked as a janitor but when he was old he became a millionaire by inheriting a lot of wealth, there are also many millionaires who have had a lot of money at a young age but ended up bankrupt. Currently, serious lessons are needed on how to manage finances properly, if necessary, pay a provincial investment manager to be able to maintain finances so that they continue to produce. It also requires wisdom about spending money if you like to waste money, no matter how much wealth will run out, that's where the importance of investing and saving so that wealth is maintained and grows, if you have a professional investment manager, he will definitely give the right advice.

[Betwrong]

~ If you have the mindset of savings but don't have money to save it means that you will be no different from those that have enough for savings but never save anything.

No, it would be different, actually. Those who have enough money now will most likely have enough in the future too, but you, if you don't have spare money to save or whatever now, there's  a big chance you won't have it in the future as well. I personally don't think that it's absolutely necessary to save money because when you are old there's so much other problems than the lack of money, but finding a good-paying job is absolutely necessary, in my opinion.

[yixichloro2xx]

I agree that if you don't save you won't be safe in the future, nobody can stay young forever and if you don't plan well for retirement you might live in poverty and regret in old age. You need to have money before you can have savings so it is important to work hard so that you will make enough money to take care of your essential needs then have surplus that you can save. If you have the mindset of savings but don't have money to save it means that you will be no different from those that have enough for savings but never save anything. If you are not able to save what you can do is try and reduce expenses from your essential needs so you can have some spare to save, if you cannot do this there is no reason for you to save yet.

Of course, everyone will think about things like what you said, namely saving or storing money to protect against things we don't want. I think if someone can't put aside their money to save, I think trying to cut down on the expenses of living needs is not a good way out. There is no problem if you focus on saving what you earn from your work, but you need to remember that you have to look for additional income outside of work to be able to complete the gaps that you have needed so far. This is where the most important thing is to overcome the problems you face regarding the deficiencies you experience.

Exactly, saving alone is not enough to cover your expenses especially when it surpass your income. Best thing is to look for possible ways that you can do to increase your income by looking for looking for side hustles, freelance work, or small investments to boost income without  spending extravagantly. These extra income comes in handy alot and can make your financial stability ok.
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[Fakhrulenclix]

Experience in various parts of the world has taught how someone who previously worked as a janitor but when he was old he became a millionaire by inheriting a lot of wealth, there are also many millionaires who have had a lot of money at a young age but ended up bankrupt. Currently, serious lessons are needed on how to manage finances properly, if necessary, pay a provincial investment manager to be able to maintain finances so that they continue to produce. It also requires wisdom about spending money if you like to waste money, no matter how much wealth will run out, that's where the importance of investing and saving so that wealth is maintained and grows, if you have a professional investment manager, he will definitely give the right advice.

We need to get used to the little things and not overdo it. I think professional investment managers are only needed in companies and we need to focus solely on managing our finances, I believe this starts with the small things.
Investing and saving are essential in life, but we also need to fulfill all our needs and desires, so we must work hard first and prepare for the future. This, if done slowly, will grow if we are consistent.

[Unknown Op]

Experience in various parts of the world has taught how someone who previously worked as a janitor but when he was old he became a millionaire by inheriting a lot of wealth, there are also many millionaires who have had a lot of money at a young age but ended up bankrupt. Currently, serious lessons are needed on how to manage finances properly, if necessary, pay a provincial investment manager to be able to maintain finances so that they continue to produce. It also requires wisdom about spending money if you like to waste money, no matter how much wealth will run out, that's where the importance of investing and saving so that wealth is maintained and grows, if you have a professional investment manager, he will definitely give the right advice.

We need to get used to the little things and not overdo it. I think professional investment managers are only needed in companies and we need to focus solely on managing our finances, I believe this starts with the small things.
Investing and saving are essential in life, but we also need to fulfill all our needs and desires, so we must work hard first and prepare for the future. This, if done slowly, will grow if we are consistent.

Saving is most important habit if someone want to be safe for the future because bad time say nothing before that and people are spending more money and saving nothing for the future because they have bad company and these people are doing parties which are expensive as comparison to their salaries or income. Investment should be in the young age and if person is not investing, he is losing money because money value is going down and down. I saw many people who wasted their money on useless things and they attend every marriage of his friend and he wasted his money on useless things and now they are regretting.

[BALIK]

I personally don't think that it's absolutely necessary to save money because when you are old there's so much other problems than the lack of money, but finding a good-paying job is absolutely necessary, in my opinion.

Looking for a high salary or increasing your income is necessary but if you do not combine it with savings, then it becomes meaningless. Because as you get older, you will also face many other problems and challenges without money. Because you can't work hard all your life, there will come a time when you get old and your health declines, and you can't make as much money anymore. Or worse, you may experience unexpected accidents that significantly reduce your ability to work. That's when you really realize the importance of saving money.

[Republikcoin.com]

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We need to get used to the little things and not overdo it. I think professional investment managers are only needed in companies and we need to focus solely on managing our finances, I believe this starts with the small things.
Investing and saving are essential in life, but we also need to fulfill all our needs and desires, so we must work hard first and prepare for the future. This, if done slowly, will grow if we are consistent.

Investing and saving are two different things that at first glance seem almost similar, so some people find it quite difficult to do them simultaneously in their lives unless they have a truly substantial monthly income. However, if the person is still working for someone else with a modest salary, it will be very difficult to do both, unless they choose one to pursue while working wholeheartedly. I also still focus more on the things I consider important in life, but when our desires become bigger, the difficulty of fulfilling them also becomes very great.