Post
Topic
Board Economics
Re: Save while young better than wait
by
slapper
on 21/02/2024, 15:16:19 UTC
Look, you can be old and rich or young an poor, but being old and poor is bad shit.

A surefire way of doing the wrong kind of things is to spend your money early or try to live a good life quickly without thinking about the future. Or if you have an ok job or income to think that is enough, even if you cannot save.

All young people, understand that time an money are linked. It is not the same to invest early than late, it is not the same  to invest more early that try to invest more later. 100 is worth 100 today, but 800 in 20 years if you play it safe but well. Make no mistake, you will need to start creating your wealth.

For sure times really are fast, when you are already an adult you're going to realize that time is really just so fast and still you think you doesnt have enough savings or investment considering your already in middle age. This was probably one of my mistakes when I was still a student, even though I'm still a student I'm able to earn a huge amount of income in cryptocurrency and projects if you can remember we have ICO projects, and cryptocurrency trading and I'm able to earn a good amount of profit on that but my mistake and mindset that time is dumb, I kinda regret some of my decision at that time because in my mind it's okay to spend the money because it's still early I'm still a student soon I'm going to graduate and get a job that is when I'm going to save.

Not everything is not really smooth sailing unlike back then when I could easily good profit in just a short time, I mean I earn an okay income in my fulltime job and side hustle but its kind of difficult before even get that kind of money, and when I put savings I kinda feel like my salary is not enough anymore. Now there is a lot of for sale land near my area and I really regret not saving some today, if I just saved it until now I'm be able to buy land that is a good investment. My take here is not every time your going to have the opportunity to earn money, nothing is going to last forever so if your getting lucky today and earning a huge amount of profit or income make sure to always save for the future, while you still can.
You've made mistakes, but who hasn't? This is about how you're fixing your mistakes today, not past ones. Yes, saving for the future is important, but it's more than just putting money under your mattress

Bitcoin is a personal finance revolution, not just an asset. You or anyone can get back on that train. The market's mature, but growth potential? Immense. Diversification and strategic investment are crucial. Avoid putting all your eggs in one basket, but don't disregard Bitcoin's golden goose

Your full-time and side gig? Part of the equation. But don't forget passive income streams and investments that work for you while you're not looking. Digital real estate like Bitcoin and other cryptocurrencies is fantastic too. They're not exclusive. Your income feeling insufficient is a warning to innovate, not stagnate