Post
Topic
Board Economics
Re: Save while young better than wait
by
DabsPoorVersion
on 27/03/2024, 12:47:26 UTC
I totally agree.

If I can go back in time, I would lead much more modest life and try to earn and save as much as possible in order to secure my future and preferably retire much younger than the legal age here which is 67 years old. Since I spent way too much money in my youth, my next chance for an early retirement is bitcoin.
If we could have spent as much money as we did in our youth and saved it in various activities, then we might have been able to save a lot of money. when we are young, we don't know how to manage money, at that time we like to enjoy life anyway, so we don't care how much money is wasted. those who can realize these things at a young age and start saving their money from a young age can build their future very well. So I would advise young people to save as much money as they can and if they want they can save it in bitcoins too
Those people who have realized to save money instead of wasting it on different kinds of activities are the kind of people who have faced or have overcome a lot of obstacles in life. While for some, there are people who are teaching them at an earlier age, or the young generation are seeing the adults around them doing it that's why they easily adopt this kind of behavior.

Not everyone has the same opportunities until they experience a scenario that can give a realization that saving is a must. However, there would be some difficulties in the long run if we only make ourselves into savings. It's better to include investing in our plans if the younger generation would plan to start saving money.