Can our work be turned into a full-time investment?

Mauser

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Quote from: Tommiewill on November 10, 2022, 01:15:03 AM

If you were fired by the company, would you still find a job you love as quickly as possible?Or you might choose to relax your mind and look for work again after a while.
Do you have better advice for work?

Right now seems like a difficult situation to switch jobs. I would be careful to quit my current job if something new is not 100% save and makes financial sense to switch. As long as we are not being laid off and there are no concerns about the company going bankrupt I would stick with my current job and wait for a better time. In case we are getting fired than it's something completely different. It depends now if we are getting some government benefits or not. If there is some insurance for 12 months to help us find a new job than I would take that. This would be a good time to try and increase our investment and see if we coukd live of it. Without any support I would go for the next possible job. Paying bills every month is difficult with the rising prices and going straight for an investment job is no guarantee that we are going to make a profit each month.

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Quote from: Vlad1977 on November 15, 2022, 09:08:43 PM

Although we may be unemployed one day, we must have a plan in advance for everything. But it is not recommended to take investment as your main job, whether it is investing in cryptocurrencies or other investment projects. Investing requires sufficient experience. Don't think you are a professional investor just because you have made several successful investments. Investing is a long story. You can do it as a side job.

Apart from knowledge and experience, investing requires money. How can you get money for investing if you are unemployed? I mean, borrowing money for making investments is the worst thing you can do, economically-wise. From being just without money, basically a free man, you are risking to become indebted, or, in other words, to become a slave of your debt. Don't do that.

Silberman

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Quote from: Marcorey on November 16, 2022, 01:41:48 AM

Want to invest full time? Do you have enough money and experience?
Cryptocurrencies are risky, and a full-time investment job seems riskier, especially now that you are in a bear market, and winning in the market is not guaranteed forever. Investing in cryptocurrencies is more likely to be a side hustle, don’t fully focus on it, it will make you more stressed.

I think the same, the profits which can be gained in this market can be incredible but it is impossible to keep winning when the market is in its current state, even good traders and investors have had very long periods of time in which they do not earn money from the markets, but they can endure such conditions as they were rich to begin with, but for someone that is just starting out their journey and which have no other source of income doing something like this is not possible.

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Quote from: Tommiewill on November 10, 2022, 01:15:03 AM

Under the current situation, many companies are facing bankruptcy or layoffs at any time, and we do not know what we will face tomorrow.
Do we need to switch our jobs to online jobs or a full-time investment in cryptocurrency?If you were fired by the company, would you still find a job you love as quickly as possible?Or you might choose to relax your mind and look for work again after a while.
Do you have better advice for work?

Entering into a full time investment is not a bad choice, and if you think you have all the perfect skills fit for it and you have a good amount of capital that will be sufficient in order to run your business, then why not? However, if you still lack the requirements to go into full time investment, then maybe we should work hard more by looking for a well compensated job. The reason why we should never do relaxing most of the time as it can steal a lot of opportunities to gain a good income. Be more practical, learn to manage your time in a positive way.

isaac_clarke22

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Quote from: Yatsan on November 17, 2022, 04:36:17 PM

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It's sort of like a lottery, so there is no stability to it regardless. This is why I cannot call "investments" as something to be full time. A person's investment could flip the table at any time and there is not a single thing that s/he can do about it but move on.

I never invest anything to my freelancing career if I do not have any other "reliable" source of income backing me up. Sites like Upwork would require me to buy their "currency" to buy connects so sometimes I do invest to my freelance when things get rough.

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Quote from: Betwrong on November 17, 2022, 05:35:57 AM

Quote from: JoyMarsha on November 16, 2022, 05:27:30 PM

The best way to escape all this is to have or learn a skill. Someone that has handwork skills can cope with every situation he finds himself in. Online or full-time investments can fail when you less expected.

Under this current situation, stay off from having crypto investment as a full-time job. Invest and start up a business of your own no matter how little it is

I strongly disagree with this advice. Opening a business of your own, even a small one, is not as easy as it looks in TV series. You are more likely to go bankrupt than to succeed, especially if you are not i a country like Switzeland, where helping the locals is a governmental policy.

Earn money through cooperating with an established company, and then, when you have more than you can spend, start your own business if you want.

I would say that it may not be easy, and it’s true that working for someone else is a lot more guaranteed, I like doing it and I am happy with the way I am right now. But, it’s as much about money as it is about the person who does it as well.

Some people in the world cannot work for someone else for a long time, they just have too much to say on how the business should be, and they cannot just shut up and do the work, they have to get up and start a business and show the world how they think the business should be done, and sometimes it works and sometimes it doesn’t. Of course, wanting more money is at the core of it, but not the whole thing, it is just part of the bigger picture.

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Quote from: Tommiewill on November 10, 2022, 01:15:03 AM

Under the current situation, many companies are facing bankruptcy or layoffs at any time, and we do not know what we will face tomorrow.
Do we need to switch our jobs to online jobs or a full-time investment in cryptocurrency?If you were fired by the company, would you still find a job you love as quickly as possible?Or you might choose to relax your mind and look for work again after a while.
Do you have better advice for work?

It’s risky to switch into full time investments the moment you lose your job. The first and foremost thing to do, is look for another job to replace your lost job. That is the best thing to do if you want to make secured and consistent profits. Although relaxing for a while is good because it will bring revitalization, but it’s not highly advisable if you are the breadwinner in your family as every minute is precious.

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Quote from: Davidvictorson on November 17, 2022, 04:47:09 PM

Quote from: Tommiewill on November 10, 2022, 01:15:03 AM

Or you might choose to relax your mind and look for work again after a while.
Do you have better advice for work?

"choosing to relax your mind and look for work again after a while" is only for those who are single and without any responsibilities or for those who have savings that could sustain them for at least six months. The times we live in now is not one where one should be without a job or a source of income. Doing so is dangerous - depression and suicidal ideation would quickly kick especially when you can no longer afford the basic necessities of life.

This is true but if you are a family man or does have responsibility on raising up your family then you cant really be making yourself to be relaxed but rather you would be finding jobs as possible as you can.

You cant really be making yourself relaxed on situations like this, unless if you do have business and other passive income which could really sustain the needs of your family on day to day living.

But if not then there's no way that you would really be making yourself to be having that kind of mindset.This is why always set out back up plans because not all things remains or being
permanent which risk could really be always there thats why it would really be just right on having this kind of preparation.

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Quote from: Tommiewill on November 10, 2022, 01:15:03 AM

Or you might choose to relax your mind and look for work again after a while.
Do you have better advice for work?

"choosing to relax your mind and look for work again after a while" is only for those who are single and without any responsibilities or for those who have savings that could sustain them for at least six months. The times we live in now is not one where one should be without a job or a source of income. Doing so is dangerous - depression and suicidal ideation would quickly kick especially when you can no longer afford the basic necessities of life.

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Full time investment won't give you stable income at first, and still it won't give you assurance that it will, for a long run. You will be needing to create your own fate with this one. Even if many companies are now in danger of bankruptcy, that won't be much of a problem. If ever your company surrenders, then move to another one, that's how simple it is. The risk with this one is competitiveness against other applicants and if you won't make it or others would be better than you, then that is when problem may arise. But that's no longer with the company, rather, that's you already as an employee.

Quote from: JoyMarsha on November 16, 2022, 05:27:30 PM

The best way to escape all this is to have or learn a skill. Someone that has handwork skills can cope with every situation he finds himself in. Online or full-time investments can fail when you less expected.

Under this current situation, stay off from having crypto investment as a full-time job. Invest and start up a business of your own no matter how little it is

Yes. It is also a form of self investment wherein time would be your capital, learning new things. Think of people who are doing 2 or 3 jobs in a single day. If they won't allot time to learn different skills to use, they won't be hired on those jobs. And if you're worried of losing one, there's no need to if you have other sources of income.

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Quote from: JoyMarsha on November 16, 2022, 05:27:30 PM

The best way to escape all this is to have or learn a skill. Someone that has handwork skills can cope with every situation he finds himself in. Online or full-time investments can fail when you less expected.

Under this current situation, stay off from having crypto investment as a full-time job. Invest and start up a business of your own no matter how little it is

I strongly disagree with this advice. Opening a business of your own, even a small one, is not as easy as it looks in TV series. You are more likely to go bankrupt than to succeed, especially if you are not i a country like Switzeland, where helping the locals is a governmental policy.

Earn money through cooperating with an established company, and then, when you have more than you can spend, start your own business if you want.

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Quote from: JoyMarsha on November 16, 2022, 05:27:30 PM

The best way to escape all this is to have or learn a skill. Someone that has handwork skills can cope with every situation he finds himself in. Online or full-time investments can fail when you less expected.

Under this current situation, stay off from having crypto investment as a full-time job. Invest and start up a business of your own no matter how little it is

Be versatile and wont matter if its a handwork skill or those developer skill or other which it could really make you versatile and able to have the chance on applying on something that you do know.

Its up to someone whether you are really that capable on doing up things and apply for it because having other source of income is really that recommended in todays economical situations
where the money you do earn on your day job is never been sufficient.

This is why for those who do have plans on making themselves to be progressive and somewhat do mind about having financial freedom then you would really be thinking
that it is really better to have other options for you to take on. It would really be requiring hardwork and proper time management on which you could really be able
to handle things despite on having a day regular job.

JoyMarsha

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The best way to escape all this is to have or learn a skill. Someone that has handwork skills can cope with every situation he finds himself in. Online or full-time investments can fail when you less expected.

Under this current situation, stay off from having crypto investment as a full-time job. Invest and start up a business of your own no matter how little it is

xSkylarx

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Quote from: Tommiewill on November 10, 2022, 01:15:03 AM

Under the current situation, many companies are facing bankruptcy or layoffs at any time, and we do not know what we will face tomorrow.
Do we need to switch our jobs to online jobs or a full-time investment in cryptocurrency?If you were fired by the company, would you still find a job you love as quickly as possible?Or you might choose to relax your mind and look for work again after a while.
Do you have better advice for work?

This does not apply to those who, like me, have families to feed. Cryptocurrency has no guaranteed monthly profit to pay my bills and buy food. I know there are times in crypto when you can earn more than your salary, but it isn't guaranteed. I will find a job if I ever lose mine, though I lost my job last year, so I quickly found a job since we need money. Though focusing on crypto is great, and there is a high chance that you can earn huge amounts of money, but it is risky.

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Of course you can, many investments are used as the main job to meet the needs of life, and good trends today are staking, many projects that provide rewards with a stable coin and of course we can withdraw this to replace salary, of course it takes capital to be able to staking and earnings from stable coins but I think this is the safest solution for earnings and making investment as the full time job.

you are right. but the risk is still big.

and the matter of staking in stablecoins is indeed safer than staking in other coins which are more volatile and also have the risk of continuous decline. But one of the obstacles is the capital required is quite large. because the percentage of profits obtained from staking stablecoins is very small.
And for me it is also a high risk. because staking means we put our assets on the exchange where we do staking. We have to take into account the worst that could happen like what happened to FTX recently.
So keeping our assets on the exchange is really very risky.
even now it seems that many people have withdrawn their assets from the exchange and transferred to personal wallets, be it hol wallets or cold wallets.

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Quote from: Tommiewill on November 10, 2022, 01:15:03 AM

Do we need to switch our jobs to online jobs or a full-time investment in cryptocurrency?If you were fired by the company, would you still find a job you love as quickly as possible?Or you might choose to relax your mind and look for work again after a while.
Do you have better advice for work?

Online jobs are always at the top of my list, and I would rather do online jobs than a regular 9-5 job.

Luckily, I'm on a state where I love what I'm doing but at the same time, earning from it and it is enough to cover all of our expenses and at the same time, I still have a portion of my income to be used to invest into different assets. Being fired by a company isn't good especially if you sacrificed anything from it. We've seen tech companies laying off employees or freezing their job hiring because of what's happening globally.

Finding job that you love is always the choice for me although there are some people who love to go out of their comfort zone so that they will learn more that will help them in getting jobs easier in the future.

Marcorey

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Want to invest full time? Do you have enough money and experience?
Cryptocurrencies are risky, and a full-time investment job seems riskier, especially now that you are in a bear market, and winning in the market is not guaranteed forever. Investing in cryptocurrencies is more likely to be a side hustle, don’t fully focus on it, it will make you more stressed.

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Quote from: Russlenat on November 15, 2022, 04:37:13 PM

Quote from: Tommiewill on November 10, 2022, 01:15:03 AM

Under the current situation, many companies are facing bankruptcy or layoffs at any time, and we do not know what we will face tomorrow.
Do we need to switch our jobs to online jobs or a full-time investment in cryptocurrency?If you were fired by the company, would you still find a job you love as quickly as possible?Or you might choose to relax your mind and look for work again after a while.
Do you have better advice for work?

If you can look for a good job the quicker way, the better it will be than to just relax yourself first before finding a new job. Time is precious so you have to take every chances to make an income particularly if you are the sole provider in the family. However, taking full time investments is good especially if you are into bitcoin, but it will be very risky to focus in investing when you don’t even have a stable job that provides you a secure income.

Agree with that, preferably before losing your job or getting laid off you should be able to find a solution to have a secure income from other means and investing in crypto or shifting jobs online should be done part time because someone who has the responsibility of being a breadwinner, of course, is relying main source of income

Of course, everyone has different abilities and has his own life choices

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Although we may be unemployed one day, we must have a plan in advance for everything. But it is not recommended to take investment as your main job, whether it is investing in cryptocurrencies or other investment projects. Investing requires sufficient experience. Don't think you are a professional investor just because you have made several successful investments. Investing is a long story. You can do it as a side job.

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Quote from: Tommiewill on November 10, 2022, 01:15:03 AM

Under the current situation, many companies are facing bankruptcy or layoffs at any time, and we do not know what we will face tomorrow.
Do we need to switch our jobs to online jobs or a full-time investment in cryptocurrency?If you were fired by the company, would you still find a job you love as quickly as possible?Or you might choose to relax your mind and look for work again after a while.
Do you have better advice for work?

If you can look for a good job the quicker way, the better it will be than to just relax yourself first before finding a new job. Time is precious so you have to take every chances to make an income particularly if you are the sole provider in the family. However, taking full time investments is good especially if you are into bitcoin, but it will be very risky to focus in investing when you don’t even have a stable job that provides you a secure income.

Topic: Can our work be turned into a full-time investment? (Read 756 times)