Depending on a single income now na suicide now - page 2.

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Quote from: EluguHcman on February 24, 2024, 09:04:58 AM

Why do we always base our incomes discussions at number of sources? What about utilizing our incomes and the responsible expenses regarding the hard times of the economy? I guess this should be a more prioritized than this diversification of incomes at all times.

Many people have diverses of income but yet crawls at meeting up their financial demands while some from those who are one source of income are reliable and competent to meet with their needs.
The one unique thing about diversification of incomes to one source of income is an alternative Incase things didn't go as planned at the other side then the other could make it up to you. Although diversifications of incomes have the potentials to boosten your financial level than one source of income and yet there are some of the one source of income which is more lucrative and more productive than a 3-4 sources of incomes.

However, the condition of the present struggling economy is being so difficult for even an average citizens to flexibly survive on talk more of the vulnerables who has got no source of incomes for survival.

You are totally right. I guess this is why so many people, after the diversification and all of it, still don't end up rich. At last, they would find out that they had been fooling themselves all this time. Diversification is good, but you have not had a strong foundation in the business or skill you want to start diversifying. I believe in focusing on one target. Even if you are selling groundnut, you could increase your business to a professional standard. Have a nice packaging style; meet big supermarkets where you deliver quality groundnut to them. You meet refineries that produce the groundnut oil and also supply it to them. Any business or skill you have, it is good to give it that value and quality. You will see that you will be very successful in it. I think it is the mindset that gets you out of poverty and not having so many jobs.

Churchillvv

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perhaps the economy of our great nation has rise to the extent that one source of income is no longer compatible to maintain and facilitate once financial bills. At this point in time we all should be thinking off being creative enough to have other source of incomes not just getting a job because the minimum wage still remains 30,000 naira so this better to be self-employed a business personnel to maintain once financial bills.

Egii Nna

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Quote from: Barikui1 on February 23, 2024, 03:37:41 AM

The issue of depending on a single income for this current economy na suicide oo, because as we dy this country, the way price of everything dy add up everyday, I just dy imagine how people wey dy depend on a single income dy use cope, talkless of those wey no even get job, because e no dy funny again at all, just imagine if you get like 3 to 4 tins wey dy give you money, no matter how things tough, e no go fit overwhelm you, because your financial ground dy strong, our newbies, make ona try to dy creative enough to double ona hustle oo, because right now e no easy for those with a single income.

Having a single source of income is like a sign of poverty, depths, depression, and many other complications that you can think of that can be caused as a result of a single source of income. The reason I say so is because many people find it hard to be creative, which is why they always depend on a single source of income.

For instance, a civil servant who only has a single source of income, most especially teachers, will see many complications affecting him and his family as a hole. because the money he or she will be paid will not be enough to take care of his needs and those of his family, so definitely even if he borrowed the money, he will not be able to pay because things are getting more expensive daily and no one will increase their salary, so definitely they will graduate to a stage of depression. When the depths are getting deeper, hunger will start, then it will go to the family, and if care is not taken, he might die. That is just the true face of depending on a single source of income.

EluguHcman

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Why do we always base our incomes discussions at number of sources? What about utilizing our incomes and the responsible expenses regarding the hard times of the economy? I guess this should be a more prioritized than this diversification of incomes at all times.

Many people have diverses of income but yet crawls at meeting up their financial demands while some from those who are one source of income are reliable and competent to meet with their needs.
The one unique thing about diversification of incomes to one source of income is an alternative Incase things didn't go as planned at the other side then the other could make it up to you. Although diversifications of incomes have the potentials to boosten your financial level than one source of income and yet there are some of the one source of income which is more lucrative and more productive than a 3-4 sources of incomes.

However, the condition of the present struggling economy is being so difficult for even an average citizens to flexibly survive on talk more of the vulnerables who has got no source of incomes for survival.

Olatundespo

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E dey very important make we sabi say di economic situation for Nigeria, like for plenti oda countries, fit dey hard for plenti pipo. High inflation rates, unemployment and poverty levels fit dey cause wahala for individuals and families. Some pipo fit decide to dey hold assets like Bitcoin as a way to protect demsef against inflation or to make small small money.

But Bitcoin fit dey shake anyhow for short time. Plus, di rules wey dey surround cryptocurrencies fit dey different for different countries.

E dey important too for government and di pipo wey dey make laws to try solve di main problem wey dey like inflation, unemployment and poverty through better economic policies and programs wey go improve di standard of living for everybody.

Tbillion

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Omo this talk concerns everybody oo.the way the country they go. We really need to get another income coming in oo. The thing be say in this current economy u can’t meet up if u dnt have a plan a or b oo. So really agree to this idea

7juju

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Quote from: Barikui1 on February 23, 2024, 03:37:41 AM

My country people, ona good morning, wetin I wan talk now na for mostly to our newbies because I believe say most of ona wey be veterans for this forum know this tin, but because of say newbies dy sign up everyday, I just say make I update Dem.

The issue of depending on a single income for this current economy na suicide oo, because as we dy this country, the way price of everything dy add up everyday, I just dy imagine how people wey dy depend on a single income dy use cope, talkless of those wey no even get job, because e no dy funny again at all, just imagine if you get like 3 to 4 tins wey dy give you money, no matter how things tough, e no go fit overwhelm you, because your financial ground dy strong, our newbies, make ona try to dy creative enough to double ona hustle oo, because right now e no easy for those with a single income.

Op most newbies here are already made men, who understands the economy and real life situation. Because our people live in the economy. But your advice is a good one and a welcome development. Generally everybody supposed know say this kind economy harsh and depending on one source of is suicide and it won't work.

Mayor of ogba

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Op is it only newbies that are in Nigeria? Everyone is suffering in Nigeria now. The condition in Nigeria has passed where you need to have 3–4 jobs so that you will not feel the hardship in the country. You might die in the process of trying to meet the tasks of your 3–4 jobs because people are finding it hard to eat food in Nigeria. If you have been saving your money in bitcoin or you have a platform where you are earning in bitcoin, that is the way you can overcome the hardship because bitcoin will help you overcome inflation.

Kliss

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I hear you bro, this advice is worth it. It's tough relying on just one income especially with the circumstances and predicament surrounding this nation right now, any how you can legitimately double your hustle is very necessary and it will be beneficial. Even before now that is what is encouraged of everyone hustling out there to do because for one to be financially stable at least your income flow should be more than one source. As a family man as you are hustling make sure your wife also is doing something profitable to the family and if there are grown up kids they should acquire skills that can be helpful because the circumstances now only one hustle can't afford all the high rate of bills now.

liasbaa

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Ona good morning. Relying on only one source of income fit today economy fit dey very risky, especially as the cost of living dey always dey go up. People wey dey depend on just one source of money fit find am hard to balance dem expenses with inflation and other economic wahala. For those wey dey struggle to find more ways to make money, e good make dem try different things like freelancing, part-time jobs, start small business, or even invest for DCA mode. E important make dem use their skills, interests, and resources to create more streams of income. While depending on only one income fit dey risky for today's economy, actively looking for ways to get different sources of money and being creative in searching for more opportunities fit help person achieve better financial stability and security.

Jaycoinz

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Quote from: Stepstowealth on February 23, 2024, 03:37:34 PM

Quote from: Barikui1 on February 23, 2024, 03:37:41 AM

just imagine if you get like 3 to 4 tins wey dy give you money, no matter how things tough, e no go fit overwhelm you,

But where person wan take see like 3-4 things wey go dey give am money when e be say to even get one reliable one na problem. Work nor too dey this our country, and any small business wey person dey try use package to hold body, before person go fit drink water drop the cup, you go hear for news say price of things dun increase o, You wey get the business go cun dey reason how this your business wan take survive, before you go know, you dun shut am down. It is not easy being a business person in Nigeria make you fit get extra source of income, things get as e be.

My brother opening a business sef for this country be like something wey no dey possible again nai make I dey always look onto the world of technology for that extra earning job wey I dey look for. The world today is filled with lots of bright mind and many ideas full the internet so na just to know the right thing to do because you will be surprised on watin people dey do dey take collect their small change join their real job because the country matter don pass hoping on minimum wage or one source of income for feeding.

Stable090

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Quote from: Barikui1 on February 23, 2024, 03:37:41 AM

The issue of depending on a single income for this current economy na suicide oo, because as we dy this country, the way price of everything dy add up everyday, I just dy imagine how people wey dy depend on a single income dy use cope, talkless of those wey no even get job, because e no dy funny again at all, just imagine if you get like 3 to 4 tins wey dy give you money, no matter how things tough, e no go fit overwhelm you, because your financial ground dy strong, our newbies, make ona try to dy creative enough to double ona hustle oo, because right now e no easy for those with a single income.

This country no really funny again ooo, the way prices of things dey even go up no really funny at all, prices of things just dey increase on a daily basis, if you enter market today, price of things go don increase again if u enter the following day, na people wey dey even do government work I dey pity pass, prices of things dey increase daily, and salary dey stable, e no dey increase, and most of the people wey dey the government work no get multiple source of income, na only salary dem depend on and it’s not increasing.

Sometimes it’s not all about having plenty sources of income, you fit get plenty sources of income, make them no dey carry plenty money come, if you dey hustle for source of income, make u dey hustle for d once wey go dey carry better money come, because with the way things be now, small money no fit do anything for dis country again. And make u no go establish like business wey u no go fit handle or monitor because u dey look for multiple sources of income, if na two u go fit handle well, then focus on only d two.

Stepstowealth

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Quote from: Barikui1 on February 23, 2024, 03:37:41 AM

just imagine if you get like 3 to 4 tins wey dy give you money, no matter how things tough, e no go fit overwhelm you,

But where person wan take see like 3-4 things wey go dey give am money when e be say to even get one reliable one na problem. Work nor too dey this our country, and any small business wey person dey try use package to hold body, before person go fit drink water drop the cup, you go hear for news say price of things dun increase o, You wey get the business go cun dey reason how this your business wan take survive, before you go know, you dun shut am down. It is not easy being a business person in Nigeria make you fit get extra source of income, things get as e be.

rachael9385

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Quote from: Barikui1 on February 23, 2024, 03:37:41 AM

My country people, ona good morning, wetin I wan talk now na for mostly to our newbies because I believe say most of ona wey be veterans for this forum know this tin, but because of say newbies dy sign up everyday, I just say make I update Dem.

On a normal note, you don't need to update anyone with a new topic, anyone's who's ready to make a difference will make use of the search engine icon so you don't need to create new one for any reminder, although you did a job weldon but if you want to make such things easier for new comers you only have to bump the thread by making comments.

Quote

The issue of depending on a single income for this current economy na suicide oo, because as we dy this country, the way price of everything dy add up everyday, I just dy imagine how people wey dy depend on a single income dy use cope, talkless of those wey no even get job, because e no dy funny again at all, just imagine if you get like 3 to 4 tins wey dy give you money, no matter how things tough, e no go fit overwhelm you, because your financial ground dy strong, our newbies, make ona try to dy creative enough to double ona hustle oo, because right now e no easy for those with a single income.

Normally e no good to depend on only one source of income because you fit even run mad because of the frustration of this country, this country don reach to rewash am but naj only God get the power to do so by bringing us out from this hardship. The only way to sustain from this hardship nah only if the single job wey you dey do dey give you million naira a month, if you dey earn below such salary, Oga suffer to chok and nah only management get you, so nah true wey you done tell us. Only the topic done tell us wetin we need to do.

DaNNy001

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Quote from: Y3shot on February 23, 2024, 05:02:28 AM

Price of things in the market are so expensive and still minimum wage still remains the same. This is not the time one needs to depend on this difficult economy challenge, it is best to create more avenue of making money to meet up in this hard time. It is not easy because things are very much expensive thst even people with much income are even struggling to live comfortably this season.

With the current rate of things in this country e no dey advisable sef to even say make you get only one job because you go get am hot as when the pressure starts coming. Nigeria as of now na war zone and na only people wey get extra means of earning nai go fit manage their self for the country and e go come bad pass say you dey also feed family join because buying foodstuffs na like garri and rice na people three to four months salary now.

Obim34

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I do not think this is only helpful to just newbies alone, everyone of us despite our ranks are obliged to having more source of income than just a single one. Adding to yours, my advice would be to get a pay job then aswell own a good lucrative business. Since the price of goods are increasing and salaries are just stagnant this is where business helps the most, as we know a good business person don't sell lower than what the goods where bought, giving every assurance of profit making not withstanding any inflation in the country economy.

Zanab247

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If u look at your area very well op, u go no sey na people wen get only one source of income dey feel dis inflation past those who have plenty sources of income wey dey give dem money day and night and, if d economy even collapse more than dis it will not affect such people financially or materially.

I believe newbies will learn lesson from dis your topic wey u carry come here dis morning because, no senior members in dis local board forum go talk sey he or she still depend on one income because some of dem don make plenty money from signature campaign dat will allow dem to create many businesses dat will b bringing more money into their account like water.

I_Anime

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Mmmm, me self tire anytime person just sleep wake up first thing you go hear nau this certain goods or product duh add price ohh. In this short period of time tah things just dey change and this year just dey start Omo!!! If person nor get good sources of income e nor dey pretty oh. We bless God for cryptocurrency for we nation oh. Because this stuff have change and save alot of lives for this our country.

Because many way dey wey you go fit use this cryptocurrency stuff try earn . I've heard of someone that use airdrop money make am for life the guy as Matt two mansions with crypto money. See one thing about this crypto any concepts you focus on for this space dey run am with heart and dey consistent you go see how you go tey progress fast. And always try dey invest still nor make mistake wey many of us make say we be traders no need to invest. Omo you trade dey earn daily (though losses still dey ) also dey invest and make sure is always long-term investment because e go help reduce the risk and e dey mor ensuring to bring bigger returns ( profits)

Y3shot

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Price of things in the market are so expensive and still minimum wage still remains the same. This is not the time one needs to depend on this difficult economy challenge, it is best to create more avenue of making money to meet up in this hard time. It is not easy because things are very much expensive thst even people with much income are even struggling to live comfortably this season.

Barikui1

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My country people, ona good morning, wetin I wan talk now na for mostly to our newbies because I believe say most of ona wey be veterans for this forum know this tin, but because of say newbies dy sign up everyday, I just say make I update Dem.

The issue of depending on a single income for this current economy na suicide oo, because as we dy this country, the way price of everything dy add up everyday, I just dy imagine how people wey dy depend on a single income dy use cope, talkless of those wey no even get job, because e no dy funny again at all, just imagine if you get like 3 to 4 tins wey dy give you money, no matter how things tough, e no go fit overwhelm you, because your financial ground dy strong, our newbies, make ona try to dy creative enough to double ona hustle oo, because right now e no easy for those with a single income.

Topic: Depending on a single income now na suicide now - page 2. (Read 486 times)