Topic: A steady source of income is a man's bottom line to support his family (Read 1238 times)

I mentioned somewhere that my closest friend has been unemployed for over a year due to the devastating collapse of his line of business and and his wife's sickness. Last time we met was a month ago and he was depressed in certain ways which worried me a lot. I called him to see if he was fine last Sunday and he told me he was looking for jobs and the next day he would go to several interviews. I was glad to hear that. Last night I called to follow up and he said the interviews were not going well. I aksed why. He told me that nowadays most companies are not doing well, barely making even actually. The interviewers would just say the job is not entitled to any insurance or benefits, what they can offer is a very low base salary and the commission part would be subject to how many sales the employee can bring to their company. My friend was not willing to take any of them because he has a family to feed and his wife's condition is unstable which could need a lot of money for surgery at any time. I understand him and am trying my best to help him find a high-pay job.

My friend's story sends me a signal: no matter how much I earn right now, try to keep my job and souce of income stable. I am also a family man and have responsibilities. Anything bad can also happen to me so I have to be prepared to the unforseen problems, although I am doing fine now. Make hay while the sun shines. If you have any advice for my friend, please let me know. Thank you.

true, but here we also have to be good at allocating our time so that our main work is not disturbed, because if we are committed to doing a lot of work we also have to be consistent with the risk that we only have 24 hours of time.

Or better yet, have multiple income streams. Just so you have a backup if you get fired from your job or your main income goes bust.

If we don't do something at the right time then our situation may be different at some point. People's needs are increasing day by day. Moreover, it is not unusual to accept any undesirable situation. It is not unusual for those who have fixed salary jobs to run into major financial problems if their income is not regular. All of us should first of all keep our income stable through our job or any profession. If the income can be kept stable then any small matter can be solved easily. Of course every person should be given more importance about their income.

Something is always better then nothing, if he is not getting high salary job according to his education and skill but for time being he can do low salary job. If you are staying in home without job then it will be very difficult to get job but in same time if you are in job market then it will be much easier to get next job because that time you have more contact with experience. I learn lesion from this above mention story that saving is very crucial, we need to be ready for such things like job lose or sudden sickness will happen.

The interviewers would just say the job is not entitled to any insurance or benefits, what they can offer is a very low base salary and the commission part would be subject to how many sales the employee can bring to their company. My friend was not willing to take any of them because he has a family to feed and his wife's condition is unstable which could need a lot of money for surgery

My friend's story sends me a signal: no matter how much I earn right now, try to keep my job and souce of income stable. I am also a family man and have responsibilities. Anything bad can also happen to me so I have to be prepared.

Every one of us must not work in the office or have an office job that will make us feel like we are living above the average in this present economic situation. The world is evolving around, people are losing jobs, those that have a job are not paid well and AI is on the rise to replace people's jobs. These events are all occurring simultaneously. It will be prudent for people to have a variety of income sources and, most importantly, skills.

If your friend had a skill, he could have supported his family and paid for his wife's medical expenses.

Yes I think we have to choose a certain source of income to live a good life. Otherwise our life will have no value. If we have a fixed amount of income every month then we can easily survive any problem we face.  .If we are unemployed we have no chance of income at the end of the month then we can never read anything good. So I think we have to choose the path of income and do the right things at the right time.

You can if you already have millions in your bank account or if you have assets that you can retire from, but if you don't have any savings and have an unstable income, that is a really huge problem as you still need to feed your family as well as save. Stable income is really about the security that you have something to spend on for basic necessities, but the problem is that there are other jobs that are stable but the salary is low, which others don't prefer as they want the bigger salary, but again, the chances are that you'll easily get fired. But for me, if I do prefer a low salary but a stable job, then that is the time I will find another job to do so that it will be another source of income and work my way up to that stable job to increase my salary. For sure, people learned a lot of lessons in the past pandemic, even myself, and you can really see at that time which jobs were really stable and not affected by it (e.g., government).

Something is always better then nothing, if he is not getting high salary job according to his education and skill but for time being he can do low salary job. If you are staying in home without job then it will be very difficult to get job but in same time if you are in job market then it will be much easier to get next job because that time you have more contact with experience. I learn lesion from this above mention story that saving is very crucial, we need to be ready for such things like job lose or sudden sickness will happen.

My friend's story sends me a signal: no matter how much I earn right now, try to keep my job and souce of income stable. I am also a family man and have responsibilities. Anything bad can also happen to me so I have to be prepared to the unforseen problems, although I am doing fine now. Make hay while the sun shines. If you have any advice for my friend, please let me know. Thank you.

If we don't do something at the right time then our situation may be different at some point. People's needs are increasing day by day. Moreover, it is not unusual to accept any undesirable situation. It is not unusual for those who have fixed salary jobs to run into major financial problems if their income is not regular. All of us should first of all keep our income stable through our job or any profession. If the income can be kept stable then any small matter can be solved easily. Of course every person should be given more importance about their income.

It is, your steady income is like a man's life jacket which he wouldn't want to take off for anything except he can see a much better alternative. i can definitely relate to this, my present job is my steady source of income, even though the pay is not as appealing as i would have wanted it but it pays the bill and comes in constantly on a monthly basis.
I think everyone wants to have a secured steady income that you are 100% sure off regardless of the size. It gives a sense of confidence and peace.

But how can you plan, can save, can retire early if you do not have a stable income? It can be said that having a stable income is essential for us to take into account other things because, without it, we will not be able to have any plans. I agree with OP in saying that a stable income is the key point of a man when shouldering the breadwinner responsibilities of the family. Having an income is something everyone must have, and having a stable income is a premise we can think of bigger things.

Here steady income job is not the matter. The goodness lies on how you keep funds allocated for emergency and unexpected needs. How you allocated fund for medical insurance and retirement. One thing most people unaware of is the planning. Whenever you have the wrong plan, you gonna end it badly. This could make you work throughout your life. Proper planning lets you enjoy life through proper investment, early retirement and good savings to meet unexpected needs. Amidst the salary earned it is good to plan well with what you earn.