A steady source of income is a man's bottom line to support his family - page 8.

LogitechMouse

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

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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.

Sad to see establishments, stores and small business losing some of their revenues because of what's happening worldwide, but it's inevitable knowing what's happening right now. The job of your friend is commission based so there's no assurance about that, and it will all depends on how many sales your friend will have.

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

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.

This is a very risky move by your friend. From what's happening right now, that would've been better than just finding that one job that pays you higher.

He is finding for a job that pays him higher, but what if he can't find one? You already said that he has family to feed. Does he has emergency funds to be used for his family that's why he can still afford to not have a job for several days? You said already in your topic that steady source of income is needed to support the family. I'd rather do lower but many multiple streams of income than wasting time finding that one single job that will pay you higher income.

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.

Currently, I don't have families to feed right now, but I'm readying myself in case that will happen because it really will happen soon. Now that I have a steady source of income, I'm saving some of it for the future while trying to have a steady cash flow thru having a job. My advice to your friend? Get that job that pays lower commission until you can find another job that pays higher than what he will get on that job/s.

Eternad

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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.

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Engaging with investments is really a good idea but you have to consider factors. If you have a family then you should prioritize them by having a stable income. And if you would have savings to be used on other things, then that could be an amount you can make profit from if you will have the right investment. But what if you have nothing left for such things? then that would be a problem you have to solve. You may adjust daily expenses but only to an extent wherein your family won't get sick becuse of that adjustment. And if it won't work still, then try looking for a job which would pay you higher. How will they hire you? show some skills and that is something you'd work for through years as an employee. Bottomline is for you to have an income which would be enough for a daily living.

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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.

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.

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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.

Tell your friend to not give up, in every rain, there is a rainbow waiting for him. He should persevere more the more he got rejected. His family's future is in his hand so make it as motivation and let the rejections be his tool for better performance. He should also be open to possible sidelines even though it is out of his job description. What matters now is for him to earn money to be able to have a budget for his family. He can apply for any job openning even with lower salaries. It is better to have little earnings than nothing at all. He can always look for other high-paying jobs but first, he should establish his financial sources first.

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Quote from: Ludmilla_rose1995 on February 10, 2023, 05:12:35 PM

@OP, the story that your friend experienced really touched me, but I don't have much advice for him because if I were in his position then I would definitely be very confused about the situation that I would be in. during the Covid pandemic, I have thought hard about the future, I will take care of my financial condition and only buy things that I really need, the future is truly a mystery, without a good financial foundation, I am sure I will be in a deep depression when there is problem.

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.

Ludmilla_rose1995

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@OP, the story that your friend experienced really touched me, but I don't have much advice for him because if I were in his position then I would definitely be very confused about the situation that I would be in. during the Covid pandemic, I have thought hard about the future, I will take care of my financial condition and only buy things that I really need, the future is truly a mystery, without a good financial foundation, I am sure I will be in a deep depression when there is problem.

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Quote from: Botnake on February 10, 2023, 02:38:12 PM

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.

It would be wiser for us to engage in side jobs so we can be more stable with our finances knowing there are multi sources of income that would generate money for us. So in case of emergency or any sudden incidents that will occur, we will not worry about the expenses knowing we have reserved funds for that. The more jobs we have, still keeping the main job, the more we can live our life stress free.

Making way for multiple sources of income is good, but this needs to be done with some stable income that won't gets disturbed at any scenario. When we go for multiple income streams we need more investment and the same will be out of the primary income. Beyond certain level the primary earning shouldn't be disturbed, it needs to be allocated for family needs. The income out of different streams can be used for reinvestment.

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Quote from: Botnake on February 10, 2023, 02:38:12 PM

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.

It would be wiser for us to engage in side jobs so we can be more stable with our finances knowing there are multi sources of income that would generate money for us. So in case of emergency or any sudden incidents that will occur, we will not worry about the expenses knowing we have reserved funds for that. The more jobs we have, still keeping the main job, the more we can live our life stress free.

However, we also need to control our expenses as well because no matter how big we earn in a day or in a month but still spend more than our income, we will still suffer financial problems. Many people had come like this and this will emphasize how important is to have proper budgeting, particularly for expenses.

We can only gain financial freedom if we have plan and budgeting which most of us don't have it. We can't just make this is a word but it should be seriously followed otherwise, we never see any changes in our finances.

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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.

In my opinion, everyone of us should try to find multiple sources of income while he works for a steady income job. Saving a part of the salary is becoming much needed now as the financial status of the world is changing fast and no one knows how things will go. Unfortunately, FED rising up interest rates may be helping USA to mitigate the effect of inflation, but it's hitting hard other parts of the world as companies have been relegating some of their employees, resulting in a lot of people like your friend might find themselves forced to accept a low paying job in order to feed their families.
This situation will probably continue for some additional months, but I believe it won't last forever, so we should have patience and be convinced with what we are offered.

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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.

It would be wiser for us to engage in side jobs so we can be more stable with our finances knowing there are multi sources of income that would generate money for us. So in case of emergency or any sudden incidents that will occur, we will not worry about the expenses knowing we have reserved funds for that. The more jobs we have, still keeping the main job, the more we can live our life stress free.

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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.

Whether you have a good job or not, or whether you are careful not to lose your job is not really important but what is important is the policy that can affect our line of income or the environmental change or condition that affected your friend. Therefore, what we can do is to diversify our source of income into different places that are not related so that economy challenges will not hit them at once and we can keep surviving and reinvesting when we have saved up some money. Challenges will come especially health challenges and it is also related to old age. Making hay while the sun still shines also depends on the capital we can gather to diversify our source of income.

mvdheuvel1983

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If there is one thing that the Coronavirus has taught us, it is that it is too dangerous to live on or have only one source of income. In the twinkle of an eye, it can be taken away and if you have a dependent, it run the risk of becoming depressed for your inability to provide for their needs.

The recession that saw a lot of organization layoff a good percentage of their staff is another reason why it is too risky to depend on only one source of income. The OP should talk to his friend, he should consider his current state of unemployment as a redirection. Who knows maybe it is time to turn his hobby into a side hustle.

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Quote from: xSkylarx on February 09, 2023, 06:10:22 AM

Quote from: Viscore on February 09, 2023, 05:41:20 AM

It’s hard to find jobs that will instantly offer you a high salary especially if you are a still a newbie. You can only expect for it maybe after years of being employed once you get the promotion. So my advice for your friend is he should never decline those jobs because it’s much better to have a low paying job so you can feed your family than to never have a source of income at all. If your friend really desire to have a higher source of income, a good investment can make it possible but for an 8-hour day job, I guess all it can offer are minimum wages unless if you are working in an executive department.

Unless he has skills which let's say is way higher than others though you'll start at low salary. That is why others are spending a lot of time honing their skills last pandemic so that they can get into competitions towards getting the positions. Also, the other solution to this is having multiple sources of income like side jobs, I noticed after the pandemic a lot of people are doing side jobs and working as hard as they can since the prices of foods right now are higher. OP you have no choice but to accept it and find another source of income even if the salary is low but still you have 2 sources of income.

I think that even if you already have skills and your skills are way higher than the existing old employees, you will still start at the very beginning only to be fair. It might take a few months before your boss are fully convinced about your ability and that could be the time that he will promote you and your salary will now increase.

It's nice to know that people don't take a rest after the pandemic hit and many of us are mostly staying at home but they use that time to practice and improve their skills more. They know that the pandemic can soon end and they will return in their own jobs again. If they didn't do that, their ability might deteriorate and their performance will get affected at work.

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Quote from: Kelvinid on February 10, 2023, 08:45:50 AM

That is why we should be wise in spending and change our lifestyle for this could really help us to survive from inflation draining our income. It is really a big challenge for low earners to budget their salary, so having a side hustle will give some breath. But we don't just stop there, saving is also important and changing our spending habits. And when it comes to having more extra money, investing is our next goal. We have to acquire multiple sources of income because this gives us the financial freedom that most of us are aiming for.

Yes, I also agree with you, don't give up easily and always be grateful. I have wanted to share my experience about my office friend who pity me because my salary is lower than him. But I don't just focus on one job after I get home from work I also make some extra money. Because I have a side business outside the office. I should be the one feeling sorry for him. His salary is higher but it's always used up to fulfill his satisfaction.

In my opinion, the most important thing is not about a small salary, but how we can be good at managing finances wisely so that there are no shortages of needs at home.

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Quote from: Zaguru12 on February 10, 2023, 09:17:56 AM

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

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.

Reject some jobs because the pay is small isn’t bad but doesn’t seems right to me when the job seeker is doing totally nothing. This days companies rarely pay up to the level of work that was done but one with a family to feed will just have to accept it and maybe still be looking elsewhere for a higher paying job. I have seen and heard of people who later had it big but they started with very low paying jobs.

Also we shouldn’t be too comfortable with jobs even if it is an high paying government job. One needs to diversify to probably owned businesses, this could serve as a insurance for the family should anything happens to the job or the person in the future

I also disagree with his decision in this case, he doesn't have too much time to choose or demand. Why not accept that job and then get a second part time job? What he needs now is money to take care of his wife, not insurance or welfare for him, and if he has the real capacity, he does his job well, the salary increase will not be too difficult. No one is willing to pay him well when they don't know his skills, if he continues to demand high wages, he will not be able to find a job.

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The increase in commodity prices is increasingly difficult to control so that making a man especially those who have family must continue to try to find sources of income, on the other hand the trade is easier for us to do even by becoming a reseller we can get additional income, as long as we want to try seriously and the best of course all problems we can solve.

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

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.

Reject some jobs because the pay is small isn’t bad but doesn’t seems right to me when the job seeker is doing totally nothing. This days companies rarely pay up to the level of work that was done but one with a family to feed will just have to accept it and maybe still be looking elsewhere for a higher paying job. I have seen and heard of people who later had it big but they started with very low paying jobs.

Also we shouldn’t be too comfortable with jobs even if it is an high paying government job. One needs to diversify to probably owned businesses, this could serve as a insurance for the family should anything happens to the job or the person in the future

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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.

There is a reason why the government set the minimum wage for workers, some companies are not following the rules, and they will rather see you suffer under their umbrella than see you earn what you deserve, this is the problem people face with private companies. I believe your friend knows his worth and what he presents to the table at the end of the day to sort out bills, we all want to work to feed the family but that doesn't mean we have to go the extra mile to be a slave under people.

Know matter what you earn, one source of income is not enough in this generation to feed a family, you need a side hustle or passive income in addition to what you earn today, look at inflation impact and things have become supper expensive for a common man to afford, we need to double our efforts in the ways we earn but passive income should be a priority in this new generation.

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Quote from: boyptc on February 10, 2023, 07:26:46 AM

If you're thinking that something might unforeseen to come and happen to you then you have to secure your family through availing an insurance.

It doesn't really look important at all when you're not in a tough situation. But availing a policy of insurance will make you feel secured for your family.

When you're the bread winner and there's no other people that you can rely on then, you have to protect yourself through it.

I think the fear of unexpected problems that come suddenly can be overcome by being thrifty or having savings from now on. Many of them out there may find it very difficult to find a job with an appropriate salary that can adequately support them, but there are many jobs with relatively low salaries and no benefits whatsoever.

No matter how difficult the work we do, we have to take care of it as best as possible at this time because that is the path that will lead us to achieve success and the most important thing is to be grateful and in this life, never complain because that is not a way out in this life.

Topic: A steady source of income is a man's bottom line to support his family - page 8. (Read 1270 times)