Altcoins Talks - Cryptocurrency Forum
Further Discussions => Economics , Sociology & Politics => Topic started by: Youngkhngdiddy on December 28, 2023, 09:01:43 AM
-
Every man on earth has her own set goals and a timee frame they're working with, financial stability age depends on your own personal goal but for me the earlier the age, the better because if the time frame set only gives room for less chance of maximization and expansion, then it is a wrong decision.
Early age of financial stability helps one to discover more hidden abilities and even go extra mile in doing more exploit, yes there'll be lots of years ahead to live and as these years pass, so does living and everything in it gets tough and cost effective more, we need to always blend in too every new cost development in order not to be caught struggling while pushing through life.
The 20's of a man should be a period of breaking bounds and making waves, laying solid foundations and building strong bedrocks to make room for better feats and reduce the struggle in his 30's.
It takes a set goal, determination, years of hard work to be stable, so it's really best the struggle to financial stability begins now to avoid pitiful circumstances
-
~
The 20's of a man should be a period of breaking bounds and making waves, laying solid foundations and building strong bedrocks to make room for better feats and reduce the struggle in his 30's.
This is where a lot of people fuck up. Those who pursue studies usually finish a bachelor's degree in their early or mid-20s and follow a lifestyle of hustling without saving. What I mean by that is they get a job after and then spend a lot of their earned income on parties and other things that aren't important to basic survival. The money spent could have been saved and then later invested into properties and other assets that would generate passive income.
It's instant pleasure over delayed gratification.
-
The state of financial stability occurs when an economy's systems for valuing, distributing, and handling financial risks are efficient enough to support economic growth, however in rare cases the opposite is true. One needs to make a strategy in order to lead a financially secure life. "If you can dream it, you can have it," a wise man once said.
As a responsible adult, you must take all necessary steps to ensure financial stability because we live in an unstable world.
1. Establishing a reliable source of income is a must.
2. Acquire an ability
3. Have knowledge
4. Precise and economical with money
You can live a life free from poverty after you have a firm foundation in the things I have just discussed. Many people spend more than their employers do, particularly those who earn a monthly income. Don't live over your means; make prudent purchases.
-
Well, in some cases, being financially stable at an early age depends more on the family background of the person and the foundation through which the person lived. There are some people whose parents are entrepreneurs and business tycoons, and as such, they learn from their parents and can start from an early stage to practice how to invest and make money. There are also some kids whose parents are very rich, and if they are well behaved, their parents will definitely transfer their wealth to them, and before you know it, the child is already rich.
But in a reversed case, there are also different kids and adults that don't have any of these privileges, and as such, they may still start to learn a skill, get educated so they can get employed, and in the process of setting plans for some goals they want to archive, things might actually get a bit bumpy and slow them down so they don't archive what they have planned in the set period.
In conclusion, some people are lucky while others are unlucky; some people have to work hard, experience some challenges, and try and fail before they can probably succeed at last, depending on how persistent they are.
-
~
The 20's of a man should be a period of breaking bounds and making waves, laying solid foundations and building strong bedrocks to make room for better feats and reduce the struggle in his 30's.
This is where a lot of people fuck up. Those who pursue studies usually finish a bachelor's degree in their early or mid-20s and follow a lifestyle of hustling without saving. What I mean by that is they get a job after and then spend a lot of their earned income on parties and other things that aren't important to basic survival. The money spent could have been saved and then later invested into properties and other assets that would generate passive income.
It's instant pleasure over delayed gratification.
You're certainly correct that many individuals in their early to mid-20s are unaware of the significance of investing and conserving money. It's possible for them to feel pressured to live beyond their means if they observe their friends leading lavish lifestyles. Enjoying life and having fun are vital, but so are managing your money wisely and planning forward for the future. Ultimately, the financial resources you accumulate and allocate during your twenties can significantly impact your future standard of living.
-
Every man on earth has her own set goals and a timee frame they're working with, financial stability age depends on your own personal goal but for me the earlier the age, the better because if the time frame set only gives room for less chance of maximization and expansion, then it is a wrong decision.
Early age of financial stability helps one to discover more hidden abilities and even go extra mile in doing more exploit, yes there'll be lots of years ahead to live and as these years pass, so does living and everything in it gets tough and cost effective more, we need to always blend in too every new cost development in order not to be caught struggling while pushing through life.
The 20's of a man should be a period of breaking bounds and making waves, laying solid foundations and building strong bedrocks to make room for better feats and reduce the struggle in his 30's.
It takes a set goal, determination, years of hard work to be stable, so it's really best the struggle to financial stability begins now to avoid pitiful circumstances
The idea is good, but some conditions are necessary for its realization.
The main problem is the lack of financial education, even basic, among 99.9% of the population. Without understanding what money is, how it is obtained and how to use it correctly, it is difficult to talk about financial independence. More precisely, it can be achieved only through personal experience, both positive and negative.
I am very impressed by families, schools, and countries where, from kindergarten, children are taught, first of all, to count and understand how the financial system works. And what is most important - they explain to children that money is a great helper, but the worst "master". That money is not permissiveness and all accessibility, but a tool for the formation of a high quality of life, the formation of a secured and quality future, and what is even more important - it is building a business that will not only give you income, but also jobs for your neighbors and taxes for the state. Which ultimately has a positive impact on the state itself and the population of the country. Money is not about "I have a big stack of it in my pocket", it is a much broader issue
-
For one to be financial stable, that person must have a good financial management because anyone that cannot manage his resources will take time before he will be financially stable. The economy of a country also contributes how soon someone will be able to become stable financially. Youths are always after spending and living a flamboyant life style when they are privileged to become financial stable with their resources. Another problem are the people we keep as friends and the environment that we live in. If you have someone that advices you on how to go about your financial life, I think it will be more easy to achieve financial stability than someone that doesn't have who to advice them. Responsibilities are also another challenge that might deprive on from this.
-
Of course you are right. Financial stabilities is not just about making counts of huge amounts of money in consecutive number of times but of which amount that has you the amenities to the steady flows of the finance considered to enable you with the chances to afford your essential while Your goal to retirement is is not underrated but made a priority.
An earlier setup to make a better life of financial stabilities could reduce the pressury tendencies of your hardworking at your old age ought to be your retirement periods.
It is better of hustling at an energymatic young age while old and older age hustling is minimized.
-
In general, the majority of people acquiring financial stability are in their middle age, at least in their thirties. Not only because they have been working longer and are more mature, but also because when you are young and you get your first salary you tend to squander it all. As people get older they think more about retirement, about leaving some inheritance to their children or their partner if something happens to them, then they tend to start saving and investing and the cushion they acquire makes them more financially stable.
-
In general, the majority of people acquiring financial stability are in their middle age, at least in their thirties. Not only because they have been working longer and are more mature, but also because when you are young and you get your first salary you tend to squander it all. As people get older they think more about retirement, about leaving some inheritance to their children or their partner if something happens to them, then they tend to start saving and investing and the cushion they acquire makes them more financially stable.
There are even people who cannot have financial stability until old age, it is because they do not think about their future well. Yes, they cannot utilize their youth to achieve something that will make them comfortable in old age.
Young people usually have a high level of selfishness, especially if they already have their own income, they tend to satisfy their youth with poya poya, they think this is a good opportunity to make them happy with their income.
The problem is that they forget something that will happen in the future. We will not always be young, we will definitely feel the old days that should be enjoyed more. But they forget that.
-
Many people struggle at old age to attain financial stability because they didn't plan for it while they were still young. This is why children should be encouraged to save at early stages of life and also expose them to productive ventures they can invest in. With this teachings, they will learn to manage their finances so well that they wouldn't be struggling with their finances as they grow older.
-
~
The 20's of a man should be a period of breaking bounds and making waves, laying solid foundations and building strong bedrocks to make room for better feats and reduce the struggle in his 30's.
This is where a lot of people fuck up. Those who pursue studies usually finish a bachelor's degree in their early or mid-20s and follow a lifestyle of hustling without saving. What I mean by that is they get a job after and then spend a lot of their earned income on parties and other things that aren't important to basic survival. The money spent could have been saved and then later invested into properties and other assets that would generate passive income.
It's instant pleasure over delayed gratification.
Been one of those who did the same thing during 20's. That is why we can expect regret and the only words we can say when we are on our 30's is that "if only I invested/saved those money I spent.* But that is not gonna happen again because all those time, efforts and money are all wasted that time we just need to move on and encourage youngsters to not waste their time, money and effort so they will have a bright future in their 30's.
-
We can easily says this but remember that wa are already experienced that when we are young , and we also crossed that boundaries in making wrong decisioning in our financial stability.
now we can guide our children and those younger than us , to not cross the same path us ours , we should remember always the rightful judgement .
-
Yeah I agree with you. For someone to be financially stable, one thing you must do is working on yourself to see a better version of your self in the future.
Working hard and smart is also something that you have to make habit. Life in our society today, around age 20, that is when most people tend to misbehave and do all sorts of things, not knowing to them that they are running their lives, while some tend to build and work on themselves to achieve gratenesss.
-
Yeah I agree with you. For someone to be financially stable, one thing you must do is working on yourself to see a better version of your self in the future.
Working hard and smart is also something that you have to make habit. Life in our society today, around age 20, that is when most people tend to misbehave and do all sorts of things, not knowing to them that they are running their lives, while some tend to build and work on themselves to achieve gratenesss.
Yeah totally agree. And I don't consider it luck when few young people managed to reflect what had happened ahead of them I mean they make our experiences their inspiration and a lesson for them to build a much stronger foundation especially for their future.
-
Every man on earth has her own set goals and a timee frame they're working with, financial stability age depends on your own personal goal but for me the earlier the age, the better because if the time frame set only gives room for less chance of maximization and expansion, then it is a wrong decision.
Early age of financial stability helps one to discover more hidden abilities and even go extra mile in doing more exploit, yes there'll be lots of years ahead to live and as these years pass, so does living and everything in it gets tough and cost effective more, we need to always blend in too every new cost development in order not to be caught struggling while pushing through life.
The 20's of a man should be a period of breaking bounds and making waves, laying solid foundations and building strong bedrocks to make room for better feats and reduce the struggle in his 30's.
It takes a set goal, determination, years of hard work to be stable, so it's really best the struggle to financial stability begins now to avoid pitiful circumstances
That's a great idea ! I really wish you could do it, but... as always there are nuances :)
If we are talking about the average citizen of the country, it is very rare to build a business at 20 years old. No, perhaps a person is a genius, for example, developed a new technology - he will quickly make money. Note that I did not say "build a business" or "ensure financial stability".
To build a business and create "stability" - you need knowledge, experience, understanding of the market, including the financial market. And here the age of "20 years" does not look the best.... Most likely, 99.9 percent of the population at the age of 20 will not have what I have described. At this age, almost everyone does not yet understand what money is, how to handle it, what is value and what is "empty goals"....
Even though I bought my first apartment at the age of 25+, it wasn't "financial stability", it was just "good fortune". And only after at the age of 35 years I started to form, consciously (though not without mistakes), something that can be called "the basis of financial stability"
-
Theorizing certain things might make it easy but making it work becomes a challenge. Being financially stable can be challenging considering the present reality in my country. Even those who save are finding it difficult to save now because of the rise in the cost of living which makes it difficult to be left with something after paying necessary bills. The human society is built in a way that some will do better than the others simply because of their natural gift. Your endorsement can easily create the enabling backings that can make you financially state. It has been said that if you can solve human problems then you must be rich. People are becoming stable financially due to the fact that they are concretizing their talent to making it generate income. This becomes a case of working smart and not hard and account for the reason age doesn't determine financial stability.
-
Theorizing certain things might make it easy but making it work becomes a challenge. Being financially stable can be challenging considering the present reality in my country. Even those who save are finding it difficult to save now because of the rise in the cost of living which makes it difficult to be left with something after paying necessary bills. The human society is built in a way that some will do better than the others simply because of their natural gift. Your endorsement can easily create the enabling backings that can make you financially state. It has been said that if you can solve human problems then you must be rich. People are becoming stable financially due to the fact that they are concretizing their talent to making it generate income. This becomes a case of working smart and not hard and account for the reason age doesn't determine financial stability.
A natural gift is a good voice, the ability to run fast or jump high, to draw beautifully. Earning is about how you can monetize your natural gift, or gain knowledge and experience to monetize it.
Luck is about finding treasure, getting married favorably or getting married :)
Everything depends only on what goals (not to be confused with fantasies) we set for ourselves, and how hard we work to achieve them and what efforts we make
-
Theorizing certain things might make it easy but making it work becomes a challenge. Being financially stable can be challenging considering the present reality in my country. Even those who save are finding it difficult to save now because of the rise in the cost of living which makes it difficult to be left with something after paying necessary bills. The human society is built in a way that some will do better than the others simply because of their natural gift. Your endorsement can easily create the enabling backings that can make you financially state. It has been said that if you can solve human problems then you must be rich. People are becoming stable financially due to the fact that they are concretizing their talent to making it generate income. This becomes a case of working smart and not hard and account for the reason age doesn't determine financial stability.
Well, nothing good comes easy as it is always said. Being financially stable is a lifetime protection and shouldn't be gotten with ease. You must work and be patient to be financially stable. I came across a pictorial display on Facebook involving two gold miners. Both were digging for gold and one gave up when he was almost close to getting it whereas the other kept tiling until he succeeded.
The above justifies that as long as you don't relent in your effort, you will succeed. Times are hard and who knows if it will become harder, no one can tell so everyone needs to be man enough to strengthen himself and make sure he can be stable financially. The importance of financial stability cannot be over-emphasized considering how things are unfolding in our environment today.
-
Theorizing certain things might make it easy but making it work becomes a challenge. Being financially stable can be challenging considering the present reality in my country. Even those who save are finding it difficult to save now because of the rise in the cost of living which makes it difficult to be left with something after paying necessary bills. The human society is built in a way that some will do better than the others simply because of their natural gift. Your endorsement can easily create the enabling backings that can make you financially state. It has been said that if you can solve human problems then you must be rich. People are becoming stable financially due to the fact that they are concretizing their talent to making it generate income. This becomes a case of working smart and not hard and account for the reason age doesn't determine financial stability.
A natural gift is a good voice, the ability to run fast or jump high, to draw beautifully. Earning is about how you can monetize your natural gift, or gain knowledge and experience to monetize it.
Luck is about finding treasure, getting married favorably or getting married :)
Everything depends only on what goals (not to be confused with fantasies) we set for ourselves, and how hard we work to achieve them and what efforts we make
Exactly. But unfortunately for some people who has unique and amazing talents on them don't use it to make profit from it instead they use it only for fun. I found my neighbor has a beautiful unique gift of voices but they don't show it to the whole world and make a livelihood from it given that they have a miserable life full of debt I don't know what you call it.