If you don't save,you are not safe

[Donk1]

I believe everyone's financial status is different, and so is their lifestyle. That's why those who waste money, it's said that they don't have any responsibility and are only thinking about today and forgetting tomorrow While those who invest their money are planning their future ahead and lastly, those who spend their money definitely have responsibilities to take care of. So, initially judging from the looks of things in a world where everyone has their different ways of life ,it's easy to say how they get money isn't their issue. But the issue is how well he or she is willing to make use of it. That's what determines the person's financial life. That's just it, bro.....

[iamsange]

Financial issues aren't just about income, but also about how we map, allocate, and discipline that cash flow. Many people think that those with small incomes don't need financial strategies and planning; they simply need to let their money flow as it is. However, the lower the income, the more important a money management system becomes, as the margin for allocation error becomes slimmer. Savings and investments don't need to be chosen one at a time; they need to be allocated based on priorities and proportions that align with our financial situation. Even small amounts can have a significant impact if implemented over the long term. Increasing desires can indeed make life difficult, but the key solution isn't avoiding them, but rather having a proper roadmap and financial management. Consistency without a strategy only leads to hard work without progress. What's needed is consistency, goals, structure (work smart).

The most important thing is good and consistent management. It's difficult to implement, but it can save your finances. I allocate at least half of my income to basic household needs, with the remaining percentage going to fulfilling desires and savings.

Everyone desires a glamorous life, or at least, something that seems prestigious, but I believe that trap will only mess up your finances and potentially lead to debt. Even wealthy people probably won't overdo things; they've certainly managed their finances very well.

[edy_58]

Financial issues aren't just about income, but also about how we map, allocate, and discipline that cash flow. Many people think that those with small incomes don't need financial strategies and planning; they simply need to let their money flow as it is. However, the lower the income, the more important a money management system becomes, as the margin for allocation error becomes slimmer. Savings and investments don't need to be chosen one at a time; they need to be allocated based on priorities and proportions that align with our financial situation. Even small amounts can have a significant impact if implemented over the long term. Increasing desires can indeed make life difficult, but the key solution isn't avoiding them, but rather having a proper roadmap and financial management. Consistency without a strategy only leads to hard work without progress. What's needed is consistency, goals, structure (work smart).

The most important thing is good and consistent management. It's difficult to implement, but it can save your finances. I allocate at least half of my income to basic household needs, with the remaining percentage going to fulfilling desires and savings.

Everyone desires a glamorous life, or at least, something that seems prestigious, but I believe that trap will only mess up your finances and potentially lead to debt. Even wealthy people probably won't overdo things; they've certainly managed their finances very well.

If you can allocate half of your income to basic household needs, this is certainly excellent. However, I'm sure that in the beginning, trying to implement this will require a struggle to be consistent because nowadays there are so many temptations, both from those around you, to live a luxurious life without thinking about a bright future, which leads to neglecting saving.

Those who have become wealthy have undoubtedly worked hard and set aside a portion of their income for future investments so they can enjoy a relaxed retirement, having prepared for retirement.

[Mame89]

The most important thing is good and consistent management. It's difficult to implement, but it can save your finances. I allocate at least half of my income to basic household needs, with the remaining percentage going to fulfilling desires and savings.

Everyone desires a glamorous life, or at least, something that seems prestigious, but I believe that trap will only mess up your finances and potentially lead to debt. Even wealthy people probably won't overdo things; they've certainly managed their finances very well.

Financial management is theoretically very easy to learn, but very difficult to implement, especially if your income is small. Therefore we really need a mindset, consistency, and a sense of purpose. Without this motivation, no matter how much knowledge you have about financial management, if it's not accompanied by a mindset and goals, consistency is difficult to apply. You implement a good strategy every income must be well-managed; financial items must be clear and used consistently.

My point is the knowledge of money management is crucial. Even if you have a small income if managed properly it will suffice. However if you have a lot of money and don't manage it well, you will also go bankrupt. But besides the knowledge of money management, the knowledge of earning money or increasing your income is equally important. A glamorous life can be achieved once you have achieved financial freedom, but if you don't have it yet, it's best to avoid luxury items just to appear rich.

[HelliumZ]

Money is the ultimate goal of every human being. If you don’t have money, it’s like you don’t exist in your society and your life will be meaningless. Let’s accept it, money is what makes us happy, otherwise, living life with no money at all is like living a miserable life. So let’s prioritize saving to invest, you won’t get rich with saving but it’s certainly a stepping stone towards getting rich in the future.

If you don’t save, you are not safe. You may still live, but you won’t live life to the fullest and enjoy your life like those who have stable source of income.

You are absolutely right that those who have a fixed source of income cannot live as comfortably as those who do not have any source of income and do not have money deposited in the bank live in a very difficult and tense situation. If a person has money in the bank and a fixed source of income, he does not need to struggle hard to get his daily food. People who have no money in the bank, no cash, no source of income have no security. If they are unemployed for a few days for any reason, they have to struggle a lot to manage their food. In other words, if one cannot save, there is no security for one's life. One must have the mindset of saving while one has time and, thinking about security in the future, one must save as much as one can afford.

[summonerrk]

I believe everyone's financial status is different, and so is their lifestyle. That's why those who waste money, it's said that they don't have any responsibility and are only thinking about today and forgetting tomorrow While those who invest their money are planning their future ahead and lastly, those who spend their money definitely have responsibilities to take care of. So, initially judging from the looks of things in a world where everyone has their different ways of life ,it's easy to say how they get money isn't their issue. But the issue is how well he or she is willing to make use of it. That's what determines the person's financial life. That's just it, bro.....

It's just that not everyone understands that having money means life will move quickly and all desires will be fulfilled here and now. Instead, many people with only a small income but large expenses think they're living a full life. Although if they'd saved and saved for investments, they could have never worked again and sped up their lives so much that they'd always be happy. Instead, they choose momentary pleasures.
Then, the month before payday is spent with no money at all. When these people buy iPhones, it's downright surreal.

[Versatile_choice]

It's just that not everyone understands that having money means life will move quickly and all desires will be fulfilled here and now. Instead, many people with only a small income but large expenses think they're living a full life. Although if they'd saved and saved for investments, they could have never worked again and sped up their lives so much that they'd always be happy. Instead, they choose momentary pleasures.
Then, the month before payday is spent with no money at all. When these people buy iPhones, it's downright surreal.

Most people go with this  theory that, money is not everything.

It is obvious that money is not everything but we need to have it because the more days are going that's the more our expenses is increasing and if you don't have enough money how will you manage to sort this expenses? It is obvious that some people is just getting this statement wrongly, this statement does not necessarily mean that we shouldn't work hard or set a different cash flow I think the statement is referring to other things and not this aspect of making Money because we really need money to enable us get what we want because if you don't have money in this current time you can't survive the hardship.

[libert19]

I'd go with waste money category just because I feel like I belong there. But, I do have invested/saved some, and you are right this safety net did save me at times.

....Those who waste their money on trivial entertainment are fools who will later regret it and don't even find anyone to lend them money. I have seen many of these people in my community who squandered their money and then became poor.

WDYM with, 'trivial entertainment'!?

...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...

Saved money would make life easier at old age, don't you think?

[puloweh555]

I believe everyone's financial status is different, and so is their lifestyle. That's why those who waste money, it's said that they don't have any responsibility and are only thinking about today and forgetting tomorrow While those who invest their money are planning their future ahead and lastly, those who spend their money definitely have responsibilities to take care of. So, initially judging from the looks of things in a world where everyone has their different ways of life ,it's easy to say how they get money isn't their issue. But the issue is how well he or she is willing to make use of it. That's what determines the person's financial life. That's just it, bro.....

It's just that not everyone understands that having money means life will move quickly and all desires will be fulfilled here and now. Instead, many people with only a small income but large expenses think they're living a full life. Although if they'd saved and saved for investments, they could have never worked again and sped up their lives so much that they'd always be happy. Instead, they choose momentary pleasures.
Then, the month before payday is spent with no money at all. When these people buy iPhones, it's downright surreal.

This happens a lot to people especially those without good financial literacy. They don't realize the importance of saving and investing to achieve future financial stability. They even enjoy themselves now without having any future financial goals, often spending more than they earn.

To achieve financial security in the future, everyone must have good financial literacy. This is why we must provide financial literacy to children from an early age. Financial literacy is a crucial factor in achieving better financial well-being in the future. By having financial literacy you will strive to save and invest regardless of your income.

[imamusma]

This happens a lot to people especially those without good financial literacy. They don't realize the importance of saving and investing to achieve future financial stability. They even enjoy themselves now without having any future financial goals, often spending more than they earn.

To achieve financial security in the future, everyone must have good financial literacy. This is why we must provide financial literacy to children from an early age. Financial literacy is a crucial factor in achieving better financial well-being in the future. By having financial literacy you will strive to save and invest regardless of your income.

I think the lack of literacy about how to manage money wisely makes people from the lower middle class struggle to break out of the poverty line. With the world now being heavily driven by social media, many people also fail to put things in their proper place. What I mean is that people are sometimes willing to spend a lot of money just for a trend that is purely consumptive, when in fact needs should be the main priority rather than just following momentary desires.
I agree that the only way to reach a point of financial freedom is by learning how to manage finances correctly, and when we become parents, we should also teach our children about it from an early age.

[passwordnow]

To achieve financial security in the future, everyone must have good financial literacy. This is why we must provide financial literacy to children from an early age. Financial literacy is a crucial factor in achieving better financial well-being in the future. By having financial literacy you will strive to save and invest regardless of your income.

Honing the children to become more financially aware is really good. This is not taught in most schools and that's why they don't practice things like saving at a very young age. But those parents who are teaching their kids to save will eventually develop the risk taking through investing which is the next step. They don't have to be so good at it for as long as they know how to do it and understands that it's an important thing to survive in this world so that they won't be financially drain if they don't know how to be responsible with their money.

[Jateng]

I believe everyone's financial status is different, and so is their lifestyle. That's why those who waste money, it's said that they don't have any responsibility and are only thinking about today and forgetting tomorrow While those who invest their money are planning their future ahead and lastly, those who spend their money definitely have responsibilities to take care of. So, initially judging from the looks of things in a world where everyone has their different ways of life ,it's easy to say how they get money isn't their issue. But the issue is how well he or she is willing to make use of it. That's what determines the person's financial life. That's just it, bro.....

in this world every person's thinking and financial status are different. Even his way of living is different. Thats why people who waste money have no responsibility so they spend wastefully. They have no thought about their future they only think about today. which means they never achieve success in life. its best solution is to live your life with plan which will allow you to live a peaceful life. successful man is always the one who uses money in the right place and with planning to improve the future. People who invest their money focus on saving instead of wasting it. It is very important to understand the use of money.

[colinistheman]

To achieve financial security in the future, everyone must have good financial literacy. This is why we must provide financial literacy to children from an early age. Financial literacy is a crucial factor in achieving better financial well-being in the future. By having financial literacy you will strive to save and invest regardless of your income.

I support the idea of providing financial education in children from a young age, which is important as it will help them shape and stabilize their finances in the future. But I think it's a bit shortsighted to teach kids about finances and just point them towards saving and investing, and to think that's the only path to financial stability and wealth.
Saving is a must as it helps them to be disciplined and control their spending, avoiding waste. But they don't necessarily need to invest to become rich and financially stable. There are many ways to make money and even better than investing, such as business, becoming a CEO, doctor, architect...not only investing.

For me, I teach my children about finances and the goal is to help them learn how to manage money, be disciplined and avoid financial mistakes as they grow up. They don't have to become a financial investor like me, that's not the only way to get rich.

[Hanadawa]

Financial issues aren't just about income, but also about how we map, allocate, and discipline that cash flow. Many people think that those with small incomes don't need financial strategies and planning; they simply need to let their money flow as it is. However, the lower the income, the more important a money management system becomes, as the margin for allocation error becomes slimmer. Savings and investments don't need to be chosen one at a time; they need to be allocated based on priorities and proportions that align with our financial situation. Even small amounts can have a significant impact if implemented over the long term. Increasing desires can indeed make life difficult, but the key solution isn't avoiding them, but rather having a proper roadmap and financial management. Consistency without a strategy only leads to hard work without progress. What's needed is consistency, goals, structure (work smart).

The most important thing is good and consistent management. It's difficult to implement, but it can save your finances. I allocate at least half of my income to basic household needs, with the remaining percentage going to fulfilling desires and savings.

Everyone desires a glamorous life, or at least, something that seems prestigious, but I believe that trap will only mess up your finances and potentially lead to debt. Even wealthy people probably won't overdo things; they've certainly managed their finances very well.

Living a luxurious life may be everyone's dream, but good financial management will help you achieve that goal. What I mean is, the basic thing to do if you're not rich is to implement good financial management, allocate the maximum budget for investments, and avoid spending on things you don't really need. I remember a friend of mine saying, "When saving, make sure you save first, then spend. Don't spend first and save the rest." I also allocate half of my salary for basic needs. The rest goes to investments and an emergency fund. I have a small salary, so I really have to manage my money well. Maybe one day, if my investments have yielded a good return, I'll try to improve my standard of living a little. Because honestly, I also like a better life with financial freedom.

[Omj1014]

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.

Financial issues aren't just about income, but also about how we map, allocate, and discipline that cash flow. Many people think that those with small incomes don't need financial strategies and planning; they simply need to let their money flow as it is. However, the lower the income, the more important a money management system becomes, as the margin for allocation error becomes slimmer. Savings and investments don't need to be chosen one at a time; they need to be allocated based on priorities and proportions that align with our financial situation. Even small amounts can have a significant impact if implemented over the long term. Increasing desires can indeed make life difficult, but the key solution isn't avoiding them, but rather having a proper roadmap and financial management. Consistency without a strategy only leads to hard work without progress. What's needed is consistency, goals, structure (work smart).

I can really relate to this your perspective because I've been on both sides of the coin, working consistently without planning and working consistently with good planning, and I can tell you for fact that when it comes to building a financially stable life consistency is not enough, you need to work with goals, because that is what will give you the motivation to save, which is essential for financial growth

[bakasabo]

in this world every person's thinking and financial status are different. Even his way of living is different. Thats why people who waste money have no responsibility so they spend wastefully. They have no thought about their future they only think about today. which means they never achieve success in life. its best solution is to live your life with plan which will allow you to live a peaceful life. successful man is always the one who uses money in the right place and with planning to improve the future. People who invest their money focus on saving instead of wasting it. It is very important to understand the use of money.

I would like to comment some of your sentences.

You say that best is to live life in way you feel peaceful. Some people live their life always saving money, some have 0 on their bank account one day before they get salary and that find for them, and some always borrow to pay back loans and that is fine with them. What is the best way to live life then?

You have also said that it is important to invest. Like I've said, there are people who dont have spare money and it is impossible for them to cut expenses even more. What should those people do then? Any advice for them?

[ChocolateBitcoinK]

in this world every person's thinking and financial status are different. Even his way of living is different. Thats why people who waste money have no responsibility so they spend wastefully. They have no thought about their future they only think about today. which means they never achieve success in life. its best solution is to live your life with plan which will allow you to live a peaceful life. successful man is always the one who uses money in the right place and with planning to improve the future. People who invest their money focus on saving instead of wasting it. It is very important to understand the use of money.

I would like to comment some of your sentences.

You say that best is to live life in way you feel peaceful. Some people live their life always saving money, some have 0 on their bank account one day before they get salary and that find for them, and some always borrow to pay back loans and that is fine with them. What is the best way to live life then?

You have also said that it is important to invest. Like I've said, there are people who dont have spare money and it is impossible for them to cut expenses even more. What should those people do then? Any advice for them?

The only option is to create more sources of income, management is necessary, because everything depends on management. If you spend with proper management, it is possible to manage yourself well in any way. For those who do not have extra money and do not have room to reduce expenses, the advice would be that their first goal should be to try to increase their income, be it learning skills, doing extra work or trying to increase their income in any way. It is very difficult to enjoy life properly, hard work is the only key, life has to be organized through hard work and this is a long-term process.

[Jody.Drummer]

I believe everyone's financial status is different, and so is their lifestyle. That's why those who waste money, it's said that they don't have any responsibility and are only thinking about today and forgetting tomorrow While those who invest their money are planning their future ahead and lastly, those who spend their money definitely have responsibilities to take care of. So, initially judging from the looks of things in a world where everyone has their different ways of life ,it's easy to say how they get money isn't their issue. But the issue is how well he or she is willing to make use of it. That's what determines the person's financial life. That's just it, bro.....

in this world every person's thinking and financial status are different. Even his way of living is different. Thats why people who waste money have no responsibility so they spend wastefully. They have no thought about their future they only think about today. which means they never achieve success in life. its best solution is to live your life with plan which will allow you to live a peaceful life. successful man is always the one who uses money in the right place and with planning to improve the future. People who invest their money focus on saving instead of wasting it. It is very important to understand the use of money.

This leads to money management, which is indeed different for everyone, and as you said, with different mindsets and financial statuses, that's true. Some can manage their finances well and some can't, as we can see from how they spend their income. Some spend it on desires, and these people can be said to be in the group of people who are less good at managing their finances. Others spend it on needs or even set aside for savings, and these people can be said to be in the group of people who can manage their finances well. So the concept of using money is very important, including saving or investing.

[348Judah]

Having a savings culture is very important We must commit ourselves to it, if we truly allow learning to pass through us, then we must have seen the relevance of going for learning, because it helps identify some important aspects of savings and why we need to have this against the future needs or demands as the case may be for us.

[iamsange]

If you can allocate half of your income to basic household needs, this is certainly excellent. However, I'm sure that in the beginning, trying to implement this will require a struggle to be consistent because nowadays there are so many temptations, both from those around you, to live a luxurious life without thinking about a bright future, which leads to neglecting saving.

Those who have become wealthy have undoubtedly worked hard and set aside a portion of their income for future investments so they can enjoy a relaxed retirement, having prepared for retirement.

In retirement or old age, not everything can be fully enjoyed because most of the elderly I often see are more concerned about their own health than about their luxurious life. So I'm starting to think that it's okay to enjoy a little of the rewards of youth now, as long as we can make wiser adjustments to our income and expenses. Because temptations are always present in every sector, we need to respond appropriately to avoid making mistakes, especially if every action fundamentally requires money.

So, as long as we continue to strive for ourselves and don't neglect our retirement when we're no longer able to work, we should enjoy the fruits of our labor as wisely as possible so that the hardships of old age won't be as pronounced. However, those who become stingy in their youth when it comes to their own consumption will actually be unhealthy for their bodies as they reach old age. That's why I'm starting to think that enjoying the fruits of our labor in our youth isn't a fatal mistake for our lives.