Quote from: m2017 on April 24, 2023, 02:48:06 PM

Quote from: firesurfer on April 24, 2023, 02:15:39 PM

Quote from: yohananaomi on April 23, 2023, 11:44:41 PM

Quote from: firesurfer on April 22, 2023, 03:24:18 PM

Getting old doesn't mean you won't work anymore. I think I will do something when I retire, a job that I love. If I don't do anything I will quickly get older. This I learned from the old people in the village.

Family finance is difficult to describe. It depends on our own spending. If possible, create food by growing your own vegetables and raising animals like chickens, ducks and pigs.

Always have some money in the bank is the best way to deal with the unexpected.

agree, after retiring does not mean not doing activities anymore because by continuing to want to not quickly become forgetful (old) then we have to continue to train our minds with usual activities and what we like, then we will stay fit and well maintained.
finances can continue to decrease if you don't do odd jobs which can at least reduce expenses, because relying on interest from the bank from existing savings certainly cannot be sufficient, or as you do by creating jobs by growing vegetables and animals it will at least reduce the costs incurred might be issued.

Money may be the most important thing, but it's not everything. We need to prepare our attitude, health, psychology, relationships and other things in our heads. Better preparation will help us anticipate risks. When we are young, we have health, parents and friends will help us, but when we are old, we will only be able to rely on ourselves.

It takes planning and healthy habits so that old age is not a dead end.

~snip

Money should not be treated as an end in itself. Money is a financial tool (which I have repeatedly repeated) that can and should be used to improve your life, both at the present moment and when old age comes. But keeping them until old age is an unreasonable decision, because by that time it will depreciate significantly. It would be interesting to know if it makes sense to keep bitcoin until old age.

In old age, you can count on your children or they will count on you. Here, how it goes.

A carefree and wasteful life in youth will surely punish in old age, and therefore, one can't do without strategic planning and some restrictions.

Excellent point on that money is a financial tool that can and should be used to improve your life, both at the present moment and when old age comes. Most people go extreme ways to both sides or simply we make mistakes about financial management. I am also thinking about this issue lately and hope to find a better way to make the use of money and live a better life. So glad to read your comment today. Thanks.