Start Early or Live a Really Long Life
By Arya
@yoalldudes (35037)
Philippines
August 26, 2022 7:23pm CST
The power of compounding will make you rich. But also finding a job one loves is key to financial freedom.
Warren Buffet started earning and investing at 11 years old. I was earning back then selling sweetened peanuts, hotcake and ice candy. I wish I have saved my earnings. But I spent them all LOL.
What is left now is for me to have a very long, healthy lives but that is not on my hands. Sure I can do some eating nutritious food, exercising and all that but ultimately we dont know when our time will come or if something happens.
Its 8am and yes I am thinking about money. I just love the feeling of being safe and secure.
10 people like this
10 responses
@DaddyEvil (137860)
• United States
27 Aug 22
I didn't and still don't understand about investing money. I started working a job at 13 years old but, like you, I spent the money instead of saving it.
@yoalldudes (35037)
• Philippines
27 Aug 22
Investing in stock market for example hoping for returns but there are risks as well.
1 person likes this
@DaddyEvil (137860)
• United States
27 Aug 22
@yoalldudes Yeah, I've heard that's the case. I'm not willing to try it.
1 person likes this
@yoalldudes (35037)
• Philippines
27 Aug 22
@DaddyEvil The retirement rule is simple: if stock is up, spend money from there; if stock market is down spend your cash saving.
2 people like this
@aninditasen (16518)
• Raurkela, India
27 Aug 22
I get up at 4am in the morning and do yoga. I am drawing a pension from which I couldn't save anything this month.
@aninditasen (16518)
• Raurkela, India
28 Aug 22
@yoalldudes Home and gadget maintainance at times eat up my pension.
@yoalldudes (35037)
• Philippines
28 Aug 22
That is a good morning routine. I'm sorry you werent able to save this month; at least it is enough for your needs.
1 person likes this
@yoalldudes (35037)
• Philippines
29 Aug 22
@aninditasen Have you thought about downsizing. Just an idea.
1 person likes this
@LadyDuck (472222)
• Switzerland
28 Aug 22
@yoalldudes I have been through tragic events and problems, but it was an interesting life.
@yoalldudes (35037)
• Philippines
28 Aug 22
You have lived really good lives Anna; Im happy for you.
1 person likes this
@yoalldudes (35037)
• Philippines
30 Aug 22
@LadyDuck Life teaches us to be strong. We have no choice adapt or break.
1 person likes this
@LindaOHio (182610)
• United States
27 Aug 22
I started working at 14 and was always a saver. Now we are retired and are living comfortably.
@LindaOHio (182610)
• United States
27 Aug 22
@yoalldudes Yes, live frugally and you can save a lot for retirement.
@yoalldudes (35037)
• Philippines
27 Aug 22
I am so happy for you. It goes to show that saving really pays off in the end. I know it is not too late for me.
1 person likes this
@porwest (92770)
• United States
27 Aug 22
Most people who have a lot of money definitely got into money early on, and also early on understood the value of it and the value of saving and investing it. I don't think having a good job or even enjoying your job is key to financial freedom. Sound money management skills is what gets that done.
You don't even have to make a lot of money from a job. You just have to know what to do with every penny you make.
@porwest (92770)
• United States
28 Aug 22
@yoalldudes I think of my pennies as soldiers who I send out to do battle for me and bring back more pennies from the other side. lol
@yoalldudes (35037)
• Philippines
28 Aug 22
Naming each penny and getting them to work aye aye 
1 person likes this
@florelway (23305)
• Cagayan De Oro, Philippines
27 Aug 22
i like to spend my money on activities i enjoy doing. i was 24 when i started earning real good money because i was employed by a generous company. I splurged on luxury things but never forgetting to spare for my old parents. Time flew.fast and me hopping from one job to another, I was in between jobs for several times and using those money I've earned. Am a senior now.but still working and still struggling to save for my old age, as long as I am physically able to work I will grab all chance at making a penny.
@yoalldudes (35037)
• Philippines
27 Aug 22
I feel my eyes failing on me at a young age of 43 (this Sept) as well as energy. That is a good attitude you have towards work.
1 person likes this
@florelway (23305)
• Cagayan De Oro, Philippines
27 Aug 22
@yoalldudes I was struggling financially at that age. I recovered my finances when I was heading through my senior years. keep praying for the best of health. God provides.
@yoalldudes (35037)
• Philippines
27 Aug 22
@florelway Once my daughter graduates, maybe financially we will be more secure. I am happy that you were able to get a hold of your finances eventually. I am also glad that we are able to share with each other our stories in our journey.
@yoalldudes (35037)
• Philippines
27 Aug 22
Feeling secure that is the important thing. And I can even start with health without it we are nothing.
@everwonderwhy (7376)
•
27 Aug 22
Working hard, gaining back our financial freedom by being debt-free-- because we paid every $ for it-- is fantastic and wonderful to achieve.
@yoalldudes (35037)
• Philippines
28 Aug 22
How good it must have felt. You did good.
1 person likes this
@tkurohman (13)
• Tangerang, Indonesia
27 Aug 22
it's never too late to invest and set aside your finances
@yoalldudes (35037)
• Philippines
27 Aug 22
Thank you for the encouragement. So much fear around economy these days but I choose to believe that even after a downturn it will go back up and be robust as ever.
