Friday, June 16, 2023

After middle age: work hard for money , spend money sparingly, and save money steadily

 

Some time ago, there was such a topic on the Internet: "What did you understand in the past three pandemic years?"

Someone summed up the following four points:

1. You have to have a house, otherwise you won’t even have a place to stay during quarantine;

2. You have to have savings, and you can maintain your life for at least a period of time if you are unemployed;

3. Lying at home is not as comfortable as imagined, because you will be extremely anxious because you have no income;

4. The more the society develops, the more black swan events there will be. You must have the ability to fight against such uncertainties.

In fact, the conclusion is: you have to be rich.

Money can not only bring dignity and decency, but also the confidence to walk in the world.

In the second half of life, if you want to be self-sufficient in money, you must be ruthless in making money, save money in spending, and be steady in saving money.

1. Work hard for money

A relative of mine was an executive in a tech company a few years ago, and her life was prosperous.

The good times didn't last long, the industry declined, and the company where my relatives worked was on the verge of bankruptcy.

After losing her job, she couldn't find a job of the same position, and refused to lower herself, so she simply stayed at home for a few months.

During this period, a HR friend offered her an olive branch and asked her to work as an assistant to the CEO of a company.

She hesitated for several days, and finally refused.

When she thought about how old she was, she still had to serve tea and water for others, and be ordered by others, and she felt that her self-esteem couldn't stand it.

Not long after, there was an emergency in her family and a large sum of money was needed.

Looking back, I wanted to go to that HR friend for help, but there was no position suitable for her in his company. Life is like this. When you have money to make, you can't save face. If you want to make money with your head down, you have no chance.

"Self-esteem is the skin, making money is to feed the belly, which one is more important to you?"

2. Spend money sparingly

If you don't know how to control your desire to consume, then no matter how much money you earn, you can't keep up with the speed of spending it, and you will squander it sooner or later.

When you are young, you can be wilful to spend all the money you earn.

But when you enter the middle age, you have to consider the burden on you.

There are old people and young in your family, and there are mortgages and insurance premiums to be paid.

Every penny must be spent wisely, and it is even more important to habitually check the balance when going out to spend.

3. Save money

A happy life will not just fall from the sky. Only by learning to invest and save can we have the capital to support the future.

As you get older, the savings in your pocket are your reassurance and your booster.

There used to be a breakfast shop near my house, which was owned by an old couple.

Except for the Chinese New Year, I have never seen this stall rest.

Even when I catches the earliest bus and goes downstairs at five o'clock in the morning, the couple is already preparing for the day to start. Suddenly one day, the stall closed.

I learned from neighbors in the neighborhood that their daughter was admitted to a good university and found a good job after graduation.

The couple also decided to take a break and travel around the world.

I am very curious: going out to travel around the world without doing business should cost a lot of money, right?

Neighbours said that the couple had been silently saving money for so many years.

Not only they managed to help their daughter buy a house with the down payment, but also had enough money in my pocket to live a happy life in their later years.

After middle age, every sum of money you save is your happiness in your later years.

The more balance you have in your card, the easier it will be to live in the future.

A simple and practical "333 Little Rules for Saving Money" works:

Divide your monthly salary into three equal parts: living expenses, savings, and investment.

Save money in this way, no matter what, you can save at least one-third of your income every month.

Of course, the ratio can be adjusted appropriately according to the actual situation, but it is best to strictly implement it according to the plan every month.

Accumulate over a long period of time, gather less to make more, and in the end it is also a big gain.

You must believe that every penny you save is an umbrella to protect you from wind and rain in your later years, and will eventually give you the most fulfilling sense of security.

We used to think that talking about money was crude, but now we find that 99% of the sorrows in the world are related to money.

No amount of chicken soup can compare to the sense of security of a banknote.

Read Also:

The most important thing in life is to discover and know yourself

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