You don’t have forever.

A few weeks ago, I talked about why saving till old age can be a great mistake. One of the things I mentioned was that you are trading away your youth, the time you’re supposed to be having fun, and every good thing that comes with youth. You are trading it away to have money at your old age when you might be in a wheelchair or suffering from a chronic disease that may not help you to enjoy your cash. That was my argument, and most people agreed with it, but some people misunderstood me.

Let's look at the excuses that people make just to indulge in instant gratification. Most of their excuses are based on things like “we have one life to live and you have to enjoy it while it’s Last.” which we can’t deny because what is the point of having money that you have to enjoy at the age of 65 or 73 when you might be suffering from a disease and you might not even be able to enjoy it but the main question is that is if you are alive to enjoy it.

We don’t have forever

One thing we must realize is that we don’t have forever, and most financial gurus always talk as if we have the time to live forever. We are in a world where we have more youth dying every day, so when they tell you that you should save your money till you are old, they are telling you to bet against time. There is a high probability that you might not be able to live till 60, and this is not me trying to badmouth or trying to be negative, it is just the reality of life. Most people don’t live to 70, so if we have to save till you are 60, you just have 5 to 10 years to enjoy the money that you have saved for over 50 years, which doesn’t guarantee that you’ll be healthy.

At the age of 60 or 70 years that you advise people to save their money too before they can enjoy it that age a lot of people die and if care is not taken, the money we have save all our life will be spent on one terrible illness, and instead of enjoying our money, we spend money on different health complication which most of the time we end our life. The question is, is saving till old age worth it? If you ask me, I will tell you that it depends.

The reality

We don’t have all the time in the world, and there is no guarantee that we are going to live till 50 or 70, but this doesn’t stop us from having a plan. The plan should determine how you want to spend your money because at the end of the day, that is what matters. People make decisions based on many reasons, Some people decide to start saving not because of themselves, but because of their children; they don’t want them to go through the same pain and struggle. We must ask ourselves the question and have a plan. If you can’t wait till your old age, you should have cash flow and things that can make you a millionaire at an early age so that you will retire early.