A steady source of income is a man's bottom line to support his family - page 7.

isaac_clarke22

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Quote from: nara1892 on February 15, 2023, 09:43:12 AM

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Well $1000/week is something else actually depending on where you live and it is not just on how you manage it. Here in the Philippines, that is indeed a lot, but consider on where you currently reside. In provincial area, surely all your relatives would beg you for money for that amount like you hit the lottery every week while in city areas, you could be living either in a little bit of luxury or just doing "enough".

Cost of living is a major factor at these situations especially when we're talking about whether that is local or international.

nara1892

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Quote from: pantek talacuik on February 11, 2023, 09:32:16 AM

Quote from: GideonGono on February 10, 2023, 08:16:05 AM

Without a steady source of income how do you think that their Family could survive?
Even if you have a huge amount of money if your not using it wisely to have an income it would just drain up from all the food and bills for your family.
I've been there and done that it doesn't really work out unless you would have a passive or steady source of income.

The thing that I have felt 4 years ago with very enough income for each week with $ 1000 but everything just ran out without knowing what was bought or done. Everyone can get it, but not necessarily that person can manage what they have in large numbers. now only regret is so big and feel all that can not be repeated again.

In this condition it also depends on where you actually live because $1000/week is really big and as you said it depends on how you manage it because this is obviously very wasteful in my opinion if indeed the results of one week that big are used up too for the same time.
But indeed there are several factors to this because indeed things like this kind of waste will always occur with the assumption that we are still looking for another one next week so that it just goes away.

pantek talacuik

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Quote from: Pejoh Asu on February 15, 2023, 01:13:26 AM

In this life many things are unexpected, if we work and get a salary that according to current standards is large then never be satisfied, unexpected things can happen for example the covid pandemic which has made many people lose their jobs and they are not ready so they have to sell assets or debt to survive, from now on we must actively look for sources of income and passive income so that it can be a supporter of the main income.

It would be easy to say to find passive income but not as easy as expected with all the work you have to go through. You have to be consistent with everything you have built so far. So the more consistent you are with all of this, the more it will work as it should. It will be difficult if you can not wait to do it.

Kakmakr

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Your friend should wake up and smell the coffee..... we live in a world where any "employment" are a gift from the gods. There are millions of people out there without jobs and he is picky about the benefits? Come on...... take any bloody job and pay for what you can... then go out and get a second job and pay for the medical benefits from that. Roll Eyes

I worked 3 jobs at one stage to keep the pots cooking, this build my CV and I was able to get better jobs with benefits and I had spare money to pay for more studies and investments in Crypto.

peter0425

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Quote from: Marcellin9 on February 07, 2023, 09:18:22 PM

I understand him and am trying my best to help him find a high-pay job.

wrong mate, In His situation now? it cares nothing about how much he will be paid for a Job instead he will accept no matter how low or high the offers is , because if he will be choose(or I guess he is choosy) then he will never survive this kind of economy now.

forget about the high pay job , give him anything that he will earn at least.

Quote

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.

I find it stupid about leaving Job just because they are earning in crypto space, for me? we must keep our job unless we start earning Millions that we will be owning our own company .

Pejoh Asu

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In this life many things are unexpected, if we work and get a salary that according to current standards is large then never be satisfied, unexpected things can happen for example the covid pandemic which has made many people lose their jobs and they are not ready so they have to sell assets or debt to survive, from now on we must actively look for sources of income and passive income so that it can be a supporter of the main income.

CageMabok

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Quote from: pantek talacuik on February 11, 2023, 09:32:16 AM

The thing that I have felt 4 years ago with very enough income for each week with $ 1000 but everything just ran out without knowing what was bought or done. Everyone can get it, but not necessarily that person can manage what they have in large numbers. now only regret is so big and feel all that can not be repeated again.

Earning $1000 in a week is a tremendous amount of money and I was really surprised when that kind of money ran out on its own without buying anything. For me it's a little strange because that kind of money in the past four years can certainly buy something luxurious, although not too luxurious. But when that income continues to exist every week, maybe you can buy a house or private car that is a little luxurious at that time. But I don't know how you spend it without buying anything at that time.

Xylber

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Quote from: samcoin on February 10, 2023, 03:47:51 PM

Unfortunately, FED rising up interest rates may be helping USA to mitigate the effect of inflation

Don't fall for it americans. Raising interest rates actually INCREASE inflation, because it means the debt of the country will grow (FED gives money to the US goverment at a higher rate), and it needs to print more to repay those debt.
See the case of Argentina, they did exactly the same, increasing the Central Bank rates, they say "increasing the rates will entice people and companies to make deposits, thus reducing circulating money we'll control inflation", it was a lie, as the money needed to repay those higher rates ACTUALLY increased circulating money.

More data? Argentina inflation was 90% in 2022, Central Bank rates are 100% (yes, you read well, 100%).

I repeat, don't fall for it, it is a trick. They say they are solving the problem by actually doing the opposite.

salad daging

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Quote from: Marcellin9 on February 07, 2023, 09:18:22 PM

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.

No one knows about life in the future, so we have to plan well as long as we still have a decent job and a business that is still running, so try to keep saving regularly because that is for the future for stability, not just your savings. You can also make a little investment from the results you get from a job/business, at least with a savings fund that we consider an emergency fund while investing as a second reserve.

I will not leave the job that I am doing because I know a man will be the backbone of the family for all the needs needed, so I need to get enough income and manage cash flow on a monthly because whatever I get must be able to be saved and also an investment, so if something bad happens I can already anticipate from the start that was planned.
Hope all will be fine.

We have to keep honing our skills because that will later become our source of income, often companies need workers who want their skills.

Fredomago

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Quote from: Marcellin9 on February 13, 2023, 01:31:36 AM

Quote from: irhact on February 12, 2023, 12:19:16 AM

Quote from: Marcellin9 on February 07, 2023, 09:18:22 PM

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.

Desperate time calls for desperate decisions, he should have taken the job and be assured of something coming into his pocket at the end of the month while he looks for other opportunities to increase his income. Right now he has nothing and the desperation keep on increasing and he needs cash to take care of his family. He's also out of job so it'll be difficult to be granted loans since the banks won't have any assurance if him been able to pay back.

Let take for instant he had that job, he could go apply for a loan Incase anything urgent comes up as his wife is currently not feeling well and he'll be taken seriously. People get too sacred of commission based salary but they're not that bad if you ask me since I have benefited from such salary in the past.

The job my friend turned down was not necessarily a commission based job, it was a designing offer but he was forced to do sales as well. That's why he was reluctant to take the offer. Well, new update here is my friend got a fixed-salary job three days ago although it was not a high paying job either. He is getting back on his feet now and I am really happy. Things will turn out great eventually and I have faith in him.

That's agood thing to start a new life with his new found job, it's nice to see that you are trusting and supporting your friend, it's very important as a boost with every struggles that we encounter, having a friend who you can lean and talk with all your sentiments, that's a good way to release some stress.

Moving forward, I also hope that your friend will be able to continue with his new job and looking forward to hear more updates if you can still share his journeys.

Jody.Drummer

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Quote from: Dickiy on February 13, 2023, 08:50:15 AM

Quote from: mk4 on February 07, 2023, 09:25:32 PM

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.

Of course this is the best solution to deal with the problem of failure in business, if our income furnace only focuses on one income sector, it is very likely that when a problem occurs in the business we are running it will have an impact on life with the family and it will be very difficult to maintain the situation because of the low income. We have the burden of fulfilling family life, we don't know how long our business will run and customers will always be loyal to buy the products/services we provide as well as our jobs. We don't know how long we can stay in the company and make the amount of money we need.
When everything is going well, it is important for us to make preparations for the risks that will occur in the future.
Adding a source of income is a must to maintain financial stability, when one experiences failure we still have hope because we have other sources of income because maybe investment is the answer to all of this.

Sometimes we as humans forget when we are on top (financially stable) and ignore what we should prepare to face something bad that might happen in the future. It's not uncommon for me to see people who were very happy and well-off at first have to fall because the business they were running also fell. Yes, most of those who fall do not prepare for things that will save them in the future, in whatever form, investment or otherwise. When I see what happened to them it makes me realize how very important it is for me to prepare for bad things that might happen to my life too (financially). Not that it prepares us to feel that way, but as the saying goes it's better to prevent than to cure.

Dickiy

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Quote from: mk4 on February 07, 2023, 09:25:32 PM

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.

Of course this is the best solution to deal with the problem of failure in business, if our income furnace only focuses on one income sector, it is very likely that when a problem occurs in the business we are running it will have an impact on life with the family and it will be very difficult to maintain the situation because of the low income. We have the burden of fulfilling family life, we don't know how long our business will run and customers will always be loyal to buy the products/services we provide as well as our jobs. We don't know how long we can stay in the company and make the amount of money we need.
When everything is going well, it is important for us to make preparations for the risks that will occur in the future.
Adding a source of income is a must to maintain financial stability, when one experiences failure we still have hope because we have other sources of income because maybe investment is the answer to all of this.

ethereumhunter

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Quote from: rangga28 on February 13, 2023, 02:43:35 AM

Quote from: Marcellin9 on February 07, 2023, 09:18:22 PM

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.

In my opinion, she should accept her job even if she earns little to cover her family's daily needs than her not working at all. At least he wasn't making matters worse while waiting or looking for a job that paid way more.

"make it (the job) a stepping stone to get back up"

It would be better than turning down the job so we can earn some money to survive. The essence of this is how we can make money first without thinking about whether the salary is big or small because, on the way we work, we can try to apply to other companies that have jobs with higher salaries. In addition, when we work, we can look for other activities that can add to our previous income. Who knows, we can get a bigger income from activities outside of routine work in the company.

rangga28

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Quote from: Marcellin9 on February 07, 2023, 09:18:22 PM

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.

In my opinion, she should accept her job even if she earns little to cover her family's daily needs than her not working at all. At least he wasn't making matters worse while waiting or looking for a job that paid way more.

"make it (the job) a stepping stone to get back up"

Marcellin9

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Quote from: irhact on February 12, 2023, 12:19:16 AM

Quote from: Marcellin9 on February 07, 2023, 09:18:22 PM

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.

Desperate time calls for desperate decisions, he should have taken the job and be assured of something coming into his pocket at the end of the month while he looks for other opportunities to increase his income. Right now he has nothing and the desperation keep on increasing and he needs cash to take care of his family. He's also out of job so it'll be difficult to be granted loans since the banks won't have any assurance if him been able to pay back.

Let take for instant he had that job, he could go apply for a loan Incase anything urgent comes up as his wife is currently not feeling well and he'll be taken seriously. People get too sacred of commission based salary but they're not that bad if you ask me since I have benefited from such salary in the past.

The job my friend turned down was not necessarily a commission based job, it was a designing offer but he was forced to do sales as well. That's why he was reluctant to take the offer. Well, new update here is my friend got a fixed-salary job three days ago although it was not a high paying job either. He is getting back on his feet now and I am really happy. Things will turn out great eventually and I have faith in him.

irhact

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Quote from: Marcellin9 on February 07, 2023, 09:18:22 PM

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.

Desperate time calls for desperate decisions, he should have taken the job and be assured of something coming into his pocket at the end of the month while he looks for other opportunities to increase his income. Right now he has nothing and the desperation keep on increasing and he needs cash to take care of his family. He's also out of job so it'll be difficult to be granted loans since the banks won't have any assurance if him been able to pay back.

Let take for instant he had that job, he could go apply for a loan Incase anything urgent comes up as his wife is currently not feeling well and he'll be taken seriously. People get too sacred of commission based salary but they're not that bad if you ask me since I have benefited from such salary in the past.

xSkylarx

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Quote from: GideonGono on February 10, 2023, 08:16:05 AM

Without a steady source of income how do you think that their Family could survive?
Even if you have a huge amount of money if your not using it wisely to have an income it would just drain up from all the food and bills for your family.
I've been there and done that it doesn't really work out unless you would have a passive or steady source of income.

How you budget your money can really make you pay all your bills and be able to buy food for your family as long as you have income on a monthly basis, even if it's just low. You also need to find a side hustle to purchase other things. I just remembered before when I lost my first job that if I ever stayed there and the price of foods and items is the same right now and I have family to feed, I would really give my family a hard time as my earnings were low. That is why it is best to have two sources of income so we can survive the expensive price of food today.

Silberman

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Quote from: Eternad on February 11, 2023, 09:48:15 AM

Quote from: AmoreJaz on February 10, 2023, 05:38:27 PM

for now, since his friend is trying to get back on his feet, why not accept the job even if the offer is not to his expectations. but still keep looking for better opportunities. because the time passed of looking for a better job, he should have at least earn a lil bit of money to support his family. we can't be choosy these days. because if he will wait for that big opp, he may be wasting those days waiting. unless, he has other side jobs to augment his income while waiting for the big opportunity to come by.

That's why we need to diversify our skills and investments, we should not dwell only on one source of income better have sidelines while trading and still try to acquire some skills that can generate income when needed, it is still okay to have day job and balance the time left to do other activities as sideline. There might be some adjustments but if we have goal it is easier to adopt and once recovered from losses make it a learning step to do better next time or in making decisions especially if we already have our own family.

This should be the ideal but for what I can tell the majority of the people do not want to do this, they simply want to get a job, do the same job for decades without having to learn anything new and then retire, but those days are over, technology is moving at an amazing speed and if you do not want to be left behind then you have no other option but to learn several skills while you also keep yourself up to date with what you already know, and while it is not easy it is not as if we have any option if we want to remain competitive and get a good salary.

Fatunad

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Quote from: Marcellin9 on February 07, 2023, 09:18:22 PM

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.

Lots of people do share up with the same problem when it comes on relying too much into their job and doesnt mind about on having some other sources on which on the time that things turns out to be fucked up due
to illness or simply being fired or laid off then you would definitely be messing up your life if you dont have back up plans and this is why its really that important that you should always set back up plans and always
have that savings so that if things turns out to be bitter then you could always have the back up plans even if you dont have the money since you had no job.Try to have lots of multiple sources of income
while you still can and dont really be that dependent on the current job you do have, there's always risks and there's no assurance that we do have in life that would be lasting up forever.

Queentoshi

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Quote from: pantek talacuik on February 11, 2023, 09:32:16 AM

Without a steady source of income how do you think that their Family could survive?
Even if you have a huge amount of money if your not using it wisely to have an income it would just drain up from all the food and bills for your family.
I've been there and done that it doesn't really work out unless you would have a passive or steady source of income.

A man is not a man until he is able to support his family. Without a good source of income, man can never be respected, because if you look at it in way, A man has three families, his parents/sibling, His wife/children and his wife's family. And when the man don't have a steady source of income it becomes a problem. When a man is unable to provide for his family he is no longer regarded as a man, and he will loss a lot of respect. So a man should have a steady source of income for him to be regarded as a man.

Topic: A steady source of income is a man's bottom line to support his family - page 7. (Read 1238 times)