If you don't save,you are not safe

[Fakhrulenclix]

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.

However, we must also have boundaries and think a little about the future, especially financially. In old age, we certainly won't be able to work optimally. Therefore, we need to save, whether in the form of cash, assets, or an ongoing business, to cover our needs in old age.
It's natural to enjoy what we've achieved. We should certainly reward ourselves for our hard work.

[dunfida]

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.

However, we must also have boundaries and think a little about the future, especially financially. In old age, we certainly won't be able to work optimally. Therefore, we need to save, whether in the form of cash, assets, or an ongoing business, to cover our needs in old age.
It's natural to enjoy what we've achieved. We should certainly reward ourselves for our hard work.

If someone manages to allocate half of their income to basic living needs that is already a strong foundation but staying consistent with it is the real challenge. there are always temptations around us and most of them push people toward living beyond their means. many prefer enjoying a flashy lifestyle now without thinking about the future so saving becomes harder than it sounds. those who manage to build wealth usually do it because they consistently set money aside and invest for the long term so they don’t struggle when they reach retirement.

When people get older their focus shifts anyway. most elderly people care more about health than luxury. that’s why it makes sense to enjoy some of the rewards of youth as long as you stay within limits. you can appreciate what you earn without destroying your future. temptations exist everywhere so the key is responding wisely and not letting emotional spending take over because every decision we make eventually connects back to money.

[Joeboy]

However, we must also have boundaries and think a little about the future, especially financially. In old age, we certainly won't be able to work optimally. Therefore, we need to save, whether in the form of cash, assets, or an ongoing business, to cover our needs in old age.
It's natural to enjoy what we've achieved. We should certainly reward ourselves for our hard work.

It is very easy for me to talk about having a boundary and also a long term mindset. But the reality is that folks operate at different financial level, with some being more richer than other and some being more poorer than others......Do you know that there are even a lot of folks out there who can even barely affording three square meals, talk of less them even having a place to stay. In such a case it would simply be unrealistic or very well impossible for such a folk( who hasn't eaten or doesn't have a place to stay) to have the means to save for the future. That is why I believe that we comfortably save for the future, when we have enough for the present.

[Jubilee58]

Money is very essential to every human being and that is why everyone wants to make money, people are making money in different ways,some makes their money in an easier way, and some are in difficult ways depending on the type of work you are doing.but they are only three things you can do with money:

(1)you can invest money

(2)you can spend money

(3)you can waste money

 As it stands now there are different categories of people in this life and each of them falls into this three ways of using money.
 
investing money :the Wise people invest money because they know the value and the importance of money and will never want to lack money just because of their unwise decisions and that is why they are good planners and always going into investments.

spending money :an average people spent money because they know that there is another to eat tomorrow and and feels that there's need for enjoyment to regain strength and energy to work more for the better days ahead.

waste money :this are the people who think that the money can never finish, this are those who feel they have arrived and thinking that there's no need to invest or save, always pressume until it becomes late.. foolish people waste money

Even at this our present time it is still happening,we still have this three categories of people in our midst,so which one are you?

You must learn how to save and invest if you want to become rich and successful person in life.

You are absolutely right. Elon musk said" the poor people spend their money, the average person save their money in the bank, and the rich people invest their money". And their is another philosophy that says, money is as lasting as the wisdom use to handle it. Despite the amount of money you earn daily, weekly or even monthly, investment and good saving culture is the key to your successful financial journey.

Money is a scarce commodity, is not found everywhere and requires certain effort and skills to make money. So it ought to be handled with care. As a human, if you stay without money, you become bored, you cannot resolve or solve any financial challenge confronting you , so is necessary you invest, save to avert financial relapse.

[CryptoBuds]

You are absolutely right. Elon musk said" the poor people spend their money, the average person save their money in the bank, and the rich people invest their money". And their is another philosophy that says, money is as lasting as the wisdom use to handle it. Despite the amount of money you earn daily, weekly or even monthly, investment and good saving culture is the key to your successful financial journey.

If I remember correctly, Elon has said this many times in interviews and on Twitter over the years. However, it should be noted that the "investment" he emphasizes here does not refer solely to financial investment in the narrow sense. His view is that we should use money to make more money, such as investing in businesses or investing in ourselves, instead of just investing in stocks, Bitcoin, or real estate.

Money is a scarce commodity, is not found everywhere and requires certain effort and skills to make money. So it ought to be handled with care. As a human, if you stay without money, you become bored, you cannot resolve or solve any financial challenge confronting you , so is necessary you invest, save to avert financial relapse.

Money is not scarce, but it's not free, and we need to work hard to earn it. Furthermore, due to increasingly fierce competition, making money has become more difficult than ever. Therefore, to avoid falling into financial difficulties, we need to use money wisely.

[fruktik]

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.

I personally know people who sold their only property just to buy a luxury car. Now they live in a rented apartment, but with a nice car. So how do you understand this? How should you treat it? Are they responsible? To me, it's sheer recklessness, which will have dire consequences for them. Is social status really so much more important than owning an apartment or house? Why did they do it? What are they hoping for in the future? So many questions I still don't have answers to.

[Cryptmuster]

If someone manages to allocate half of their income to basic living needs that is already a strong foundation but staying consistent with it is the real challenge. there are always temptations around us and most of them push people toward living beyond their means. many prefer enjoying a flashy lifestyle now without thinking about the future so saving becomes harder than it sounds. those who manage to build wealth usually do it because they consistently set money aside and invest for the long term so they don’t struggle when they reach retirement.

When people get older their focus shifts anyway. most elderly people care more about health than luxury. that’s why it makes sense to enjoy some of the rewards of youth as long as you stay within limits. you can appreciate what you earn without destroying your future. temptations exist everywhere so the key is responding wisely and not letting emotional spending take over because every decision we make eventually connects back to money.

It is important not only to set money aside, but also to invest it so that it continues to work. I know people who earn quite well and can save even half of what they make because their income level is very high. But they do not invest this money very wisely. Most likely, they focus on preserving what they have managed to earn and save, or on making this money generate profit in the future. On one hand, this is not bad either, because there are people who simply save and keep their money in fiat, and inflation eats it up very quickly.

[Man of peace]

Money is very essential to every human being and that is why everyone wants to make money, people are making money in different ways,some makes their money in an easier way, and some are in difficult ways depending on the type of work you are doing.but they are only three things you can do with money:

(1)you can invest money

(2)you can spend money

(3)you can waste money

 As it stands now there are different categories of people in this life and each of them falls into this three ways of using money.
 
investing money :the Wise people invest money because they know the value and the importance of money and will never want to lack money just because of their unwise decisions and that is why they are good planners and always going into investments.

spending money :an average people spent money because they know that there is another to eat tomorrow and and feels that there's need for enjoyment to regain strength and energy to work more for the better days ahead.

waste money :this are the people who think that the money can never finish, this are those who feel they have arrived and thinking that there's no need to invest or save, always pressume until it becomes late.. foolish people waste money

Even at this our present time it is still happening,we still have this three categories of people in our midst,so which one are you?

You must learn how to save and invest if you want to become rich and successful person in life.

You are absolutely right. Elon musk said" the poor people spend their money, the average person save their money in the bank, and the rich people invest their money". And their is another philosophy that says, money is as lasting as the wisdom use to handle it. Despite the amount of money you earn daily, weekly or even monthly, investment and good saving culture is the key to your successful financial journey.

Money is a scarce commodity, is not found everywhere and requires certain effort and skills to make money. So it ought to be handled with care. As a human, if you stay without money, you become bored, you cannot resolve or solve any financial challenge confronting you , so is necessary you invest, save to avert financial relapse.

You have said it all, because in life today rich people are been considering as the most wisest people in this world because the ability for one to be able to control his or her money without falling back into poverty is the greatest wisdom one can ever apply to his or her life, just like you said that money is a scarce commodity, that is very correct, but Rich through their strategic plans they have apply towards their investments and business money is no longer seem to be scarce from them but that doesn't make them spend money unwisely ,because the wisdom that the  rich apply on their investments is what is keeping them going till date because every rich man or woman is more concerned about the investment he or she will make today, tomorrow and next other than every other things that concern his or herself..

[rangga28]

You have said it all, because in life today rich people are been considering as the most wisest people in this world because the ability for one to be able to control his or her money without falling back into poverty is the greatest wisdom one can ever apply to his or her life, just like you said that money is a scarce commodity, that is very correct, but Rich through their strategic plans they have apply towards their investments and business money is no longer seem to be scarce from them but that doesn't make them spend money unwisely ,because the wisdom that the  rich apply on their investments is what is keeping them going till date because every rich man or woman is more concerned about the investment he or she will make today, tomorrow and next other than every other things that concern his or herself..

What the Op discussed is a process that shapes the pattern into several stages. Wealthy people certainly have complex time and work processes, but they aim to develop themselves through investment, so we sometimes forget how that process occurs. An employee who focuses solely on their regular income will struggle to develop, and such a group is better off saving money because they have limited time to expand their business careers, tied to their employer.

So, to achieve a sense of peace in life, two things must be done: saving and investing. Wasting money is an undesirable behavior, as greed leads to ruin, even with substantial wealth.

[Razmirraz]

Snip

It is important not only to set money aside, but also to invest it so that it continues to work. I know people who earn quite well and can save even half of what they make because their income level is very high. But they do not invest this money very wisely. Most likely, they focus on preserving what they have managed to earn and save, or on making this money generate profit in the future. On one hand, this is not bad either, because there are people who simply save and keep their money in fiat, and inflation eats it up very quickly.

Agreed, investing is one of the effective ways to increase wealth and achieve long-term financial goals. People who earn high incomes but do not invest their money wisely have (indirectly) narrowed the opportunity to increase their wealth. Focusing on maintaining what you have earned and saving consistently is a good choice, but this step is not completely safe because inflation can erode the value of money.
So it is important to invest money in assets that can generate higher returns than the inflation rate such as gold and Real Estate, Bitcoin is also the best choice if you have thorough knowledge about Blockchain technology, Bitcoin market and all the risks associated with it.

[nara1892]

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.

However, we must also have boundaries and think a little about the future, especially financially. In old age, we certainly won't be able to work optimally. Therefore, we need to save, whether in the form of cash, assets, or an ongoing business, to cover our needs in old age.
It's natural to enjoy what we've achieved. We should certainly reward ourselves for our hard work.

Having savings is indeed very important. It might be difficult or painful to be without any form of savings when we're older. But some people may find it difficult to save due to economic factors, and I understand that. The important thing is for those of us who are still young and able to work to think about the future and achieve a comfortable future.

When we've worked hard, it's okay to reward ourselves occasionally, such as celebrating the results of our hard work with a vacation or buying something we've long dreamed of.

[Strongkored]

If you can save, you should increase it to investing because if you only save, the value of your money will decrease due to rising prices over time, but by investing, you can get profits, just be careful when choosing to invest, don't think about fast and large returns because most of them are scams, it's better to slowly but surely increase the value.

[iBaba]

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.

You are right, financial management is something that when they discuss you think it is easy but it can only get easy on paper and not on practice. For instance, on paper you will be hearing things like save an x amount of money for an x period of time, spend less or at least below your incomes and always invest your finances all the time but in real life especially when the salary you are collecting is small and the bills or commitments on you are many, it feels almost impossible to achieve this. Money comes in and before a blink of an eye the money is gone on your feeding transportation and other unforseen emergencies.

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.

It is very important for you to also learn the knowledge of money management. It allows you to squeeze yourself into a budget that is practical enough to survive you and you still have something to save as little as possible, because if you do not learn the knowledge of financial management, believe me you, you will still spend all the money you have earned without saving anything for tomorrow and the future.

[goro_chief]

Money is very essential to every human being and that is why everyone wants to make money, people are making money in different ways,some makes their money in an easier way, and some are in difficult ways depending on the type of work you are doing.but they are only three things you can do with money:

(1)you can invest money

(2)you can spend money

(3)you can waste money

 As it stands now there are different categories of people in this life and each of them falls into this three ways of using money.
 
investing money :the Wise people invest money because they know the value and the importance of money and will never want to lack money just because of their unwise decisions and that is why they are good planners and always going into investments.

spending money :an average people spent money because they know that there is another to eat tomorrow and and feels that there's need for enjoyment to regain strength and energy to work more for the better days ahead.

waste money :this are the people who think that the money can never finish, this are those who feel they have arrived and thinking that there's no need to invest or save, always pressume until it becomes late.. foolish people waste money

Even at this our present time it is still happening,we still have this three categories of people in our midst,so which one are you?

You must learn how to save and invest if you want to become rich and successful person in life.

Interesting breakdown. Do you think saving should come before investing, or can people do both at the same time? I’ve seen some people jump straight into risky investments without any backup and it usually ends badly

[lornadane]

Saving alone isn’t enough. You gotta combine it with planning and investing smartly. Stashing coins under your mattress isn’t a strategy if they get hacked or lose value. Safety = saving + security.

[aysha9853]

I don’t fully agree with labeling people as wise or foolish based only on saving some people are forced to spend just to survive, the real difference shows up when income improves, do you upgrade your lifestyle immediately, or do you build some safety first? That choice is what separates people over time saving isn’t about fear, it’s about buying yourself options later.

[ChocolateBitcoinK]

Saving alone isn’t enough. You gotta combine it with planning and investing smartly. Stashing coins under your mattress isn’t a strategy if they get hacked or lose value. Safety = saving + security.

Proper and effective planning is needed, to achieve great success you need to invest in the right place, and to identify that right place you need to find it through research. Risk will be there in anything, but excessive risky things should be avoided, and if the investment is managed effectively, the risk is much lower, so it is important to have the ability to manage it properly.

[gibrab16]

Saving alone isn’t enough. You gotta combine it with planning and investing smartly. Stashing coins under your mattress isn’t a strategy if they get hacked or lose value. Safety = saving + security.

Proper and effective planning is needed, to achieve great success you need to invest in the right place, and to identify that right place you need to find it through research. Risk will be there in anything, but excessive risky things should be avoided, and if the investment is managed effectively, the risk is much lower, so it is important to have the ability to manage it properly.

Planning + research is what separates smart investing from gambling. Risk is unavoidable, but managed risk is very diff from reckless risk. Most ppl fail not bcz risk exists, but bcz they jump in w/o understanding what they’re doing.

[Unknown Op]

If you can save, you should increase it to investing because if you only save, the value of your money will decrease due to rising prices over time, but by investing, you can get profits, just be careful when choosing to invest, don't think about fast and large returns because most of them are scams, it's better to slowly but surely increase the value.

Spending is good if we have money and no person is take money from us . We should spend the money on clothing which is best for us because our clothing should be best and most of people will judge us by our clothing. We should save money because that is best to save our money. Many people are debt on the family because they are not saving anything which is not good. You should invest your money if you have money but most of the people have no money to invest because they are not working for money.  Money is most important thing in life and if person want to be successful then he has to invest his money on cryptocurrency because that is best option for him because we are watching many people who are going to be successful at that time.

[junder]

If you can save, you should increase it to investing because if you only save, the value of your money will decrease due to rising prices over time, but by investing, you can get profits, just be careful when choosing to invest, don't think about fast and large returns because most of them are scams, it's better to slowly but surely increase the value.

If you're already disciplined about saving, it's a good idea to try investing. That's the right step. But before that, we must do research first. This means don't invest haphazardly. There are certainly factors to consider, which is one of the keys to good investing. Saving is a good thing, but it doesn't bring profits on its own; the amount you get will be proportional to your initial efforts. However, investing allows us to gain more than the initial amount. However, you're right, don't focus on quick and large profits because the risks remain.