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Topic: Financial Stability - Get yourself non ending economic circle. (Read 459 times)

hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Yeah I agree, we are slow earners, but our expenses are usually way too more than what we are earning. Even when we start earning a high amount of money, some of us still tends to spend way too much and carelessly. Which is why we need to learn how to manage our resources. I even reached a stage where I had to start putting about fifty percent of my monthly income into a locked savings account, because I noticed that I was fond of spending money on unnecessary things, when I had other very important plans that I had to achieve. So, I had to do what was best for me and started managing myself to be able to achieve my major targets in life.

We are slow earners with expenses are worth more than what we earn and let's add the inflation rate this is the most type of cases that every normal people experience. Earning a high amount sometimes doesn't enough if we don't have a financial literacy of how we spend our hard earned money and how do we start a side hustle so that we have another source of income. Financial stability and financial freedom will come next if we were going to make ourselves more knowledgeable on how to manage financial aspects. Aside from financial literacy we should also focus to educate ourselves about what possible skills that we can acquire so that we can offer it to other people and we can have our another source of income or side hustle.
Earning more money is most of the time given as the solution to the financial problems that people have, however earning more is in fact difficult, I think that at first people need to concentrate on how to more effectively use the income they already have, and once they do this then they can look for other sources of income, if a person can do that then they can avoid a very common trap when they actually succeed on earning more money, which is lifestyle inflation.
legendary
Activity: 3178
Merit: 1128
We are slow earners with expenses are worth more than what we earn and let's add the inflation rate this is the most type of cases that every normal people experience. Earning a high amount sometimes doesn't enough if we don't have a financial literacy of how we spend our hard earned money and how do we start a side hustle so that we have another source of income. Financial stability and financial freedom will come next if we were going to make ourselves more knowledgeable on how to manage financial aspects. Aside from financial literacy we should also focus to educate ourselves about what possible skills that we can acquire so that we can offer it to other people and we can have our another source of income or side hustle.
You do not have to be a slow earner, you just need to be living in a place that is not expensive and working in a place that is expensive, that is how you make money. I am not earning enough to consider myself "rich" by any means, in fact I am closer to poor than rich, if I lose my job then I can sustain just 2-3 months and then I will not have any money at all, back to zero for me, if I start to use my crypto investment then I will sustain maybe 6 months but that's it, then back to zero again.

So, I am close to "poor" in that sense, but as long as I keep making my salary, then I am doing decent enough for me, I am living like a regular person, work all day, handle all the chaos life throws at me, maybe watch few netflix shows a month, maybe go out to eat somewhere 2-3 times a month and that's it, it is literally all my life and I can afford to do it, no problem at all. Sometimes some unexpected stuff shows up, usually related hospital bills, that's when it gets tricky but that's fine, it is just life you know? What I do? I work for USD whereas my fiat is a lot less valuable, so I earn more than my peers.
legendary
Activity: 2506
Merit: 1125
Feeling insatiable is a human trait that is formed naturally because of the desire to always be on top. In the circle of economic and financial stability, they will always try to appear by continuing to develop their business for profit only to make their pile of money grow. Although I never thought of it as anything wrong, but having gratitude for whatever they have right now is necessary just to prevent them from acting recklessly that could cause harm.

Everyone has the right to be rich, but not everyone has wealth. So when we have gratitude, everything seems to always be fulfilled even though the actual conditions are contrary to what they want.
full member
Activity: 1708
Merit: 126
The thing is, prolly everyone wants to have diverse sources of income, but it's more of a case of easier said than done, more often than not to have an extra source of income requires capital and it is that capital that most people do not have as they are struggling to cope with the little they earn from their sole source of income.
With the digital era, there are just so many ways to earn the money. If spoken about the crypto space then . .
1) Crypto staking
2) Mining Farm (Very profitable if done properly)
3) Crypto Trading
4) Crypto Investment by HODL (More or less staking without fixed APY%)
5) Work at Forum
All of the above is as well not a guarantee to earn an extra source of income, there are risks involved in them and people should also be aware that in as much as they may try them to make ROI, they could as well accrue losses. Imo, most times the best way to earn extra income is if you have a skill and you're willing to render a service and get paid afterward.

Things listed above aren't 100% profitable especially for those who don't have complete knowledge about it. It requires capital and further researching since trading and other cryptocurrency opportunities have a long process of learning. Some people might see these things as a shortcut to success but there are still lots of things to consider before entering these things.
hero member
Activity: 1316
Merit: 502
hoping to get a financial every day is my dream and I will do everything for getting good income.  I think that we should have a destination for the money it means that apart from work or business there should still be a sideline of other sources of income such as investment in crypto that's the best way to passive investing, or stocks, or real estate.  This way we will be financially independent and it is important not only to earn money, but that you have your whole approach on how you grow your income.

Having a passive income is really a dream for everyone, everyone wants to stop working like a hell and get financial freedom. But for achieving that there's a lot of hard work that needs to be done because it wont happen in just one day. You should learn how people organize and develop their passive income, what is the best right now for passive income that will give you an income till you are olds. 
There are places that are hell and there are places that are heaven for employees, but it is clear that their common sense is that there is always a need for a side income behind the main job because hell isn't comfortable with dozens of jobs and overtime, neither can heaven be happy forever and don't think about the future, one side needs the future and the other needs to get out of misery, all have thought of financial freedom by having a passive income source. But in front of freedom is stability and perhaps many people are very precarious in finding stability, too difficult and full of constant job hopping.
hero member
Activity: 2170
Merit: 530
Yeah I agree, we are slow earners, but our expenses are usually way too more than what we are earning. Even when we start earning a high amount of money, some of us still tends to spend way too much and carelessly. Which is why we need to learn how to manage our resources. I even reached a stage where I had to start putting about fifty percent of my monthly income into a locked savings account, because I noticed that I was fond of spending money on unnecessary things, when I had other very important plans that I had to achieve. So, I had to do what was best for me and started managing myself to be able to achieve my major targets in life.

We are slow earners with expenses are worth more than what we earn and let's add the inflation rate this is the most type of cases that every normal people experience. Earning a high amount sometimes doesn't enough if we don't have a financial literacy of how we spend our hard earned money and how do we start a side hustle so that we have another source of income. Financial stability and financial freedom will come next if we were going to make ourselves more knowledgeable on how to manage financial aspects. Aside from financial literacy we should also focus to educate ourselves about what possible skills that we can acquire so that we can offer it to other people and we can have our another source of income or side hustle.
sr. member
Activity: 2156
Merit: 251
Binance #Smart World Global Token
hoping to get a financial every day is my dream and I will do everything for getting good income.  I think that we should have a destination for the money it means that apart from work or business there should still be a sideline of other sources of income such as investment in crypto that's the best way to passive investing, or stocks, or real estate.  This way we will be financially independent and it is important not only to earn money, but that you have your whole approach on how you grow your income.

Having a passive income is really a dream for everyone, everyone wants to stop working like a hell and get financial freedom. But for achieving that there's a lot of hard work that needs to be done because it wont happen in just one day. You should learn how people organize and develop their passive income, what is the best right now for passive income that will give you an income till you are olds. 
newbie
Activity: 98
Merit: 0
hoping to get a financial every day is my dream and I will do everything for getting good income.  I think that we should have a destination for the money it means that apart from work or business there should still be a sideline of other sources of income such as investment in crypto that's the best way to passive investing, or stocks, or real estate.  This way we will be financially independent and it is important not only to earn money, but that you have your whole approach on how you grow your income.
legendary
Activity: 2226
Merit: 2229
From Zero to 2 times Self-Made Legendary
A better system would reward people according to how well they solve problems. You could create a reward system that encourages others to find faults in people works based on laid down rules/standards that should not be violated. Fault finders could be quite polite though, and probably discreet/anonymous. A worker's rewards could be retained or rewards automatically given to him/her if no one is able to find fault in his/her work. Fault finders could be given the rewards that's meant for those who fail to do their job properly. This reward system should encourage workers do their job properly especially on a decentralized crypto network.
That would be difficult to implement, I think a system based on commissions similar to what is implemented with salespersons would be ideal, however many times I see the opposite and I have been in fact victim of this once, for several months in a row I was the best salesperson at a store and instead of congratulating me and given me the fruits of my labor I was fired because the boss did not wanted to pay me the commissions I was owed.

So I agree there are many people that literally just show up to work and do nothing of importance, but at the end of the day it is not our job to find those anomalies in the company and get rid of them, that is the job of the managers, and many of them are failing at their jobs.
That is not the bad side of the business idea, it is the bad side of that manager and that's it. Being a good salesperson and ending up getting paid is still valid idea, sure you may face some people like your manager that will not pay you, but you may face with people who reward you with extra profits or other stuff just to keep you happy. Making a sales person happy is number one rule of any decent business, if the sales person is happy then he will not leave for another company and he will keep on selling for you.

If I had a product, I would say 10% cut from sales of it to everyone, not just sales people, the whole world would be my sales person and I would actually do pay that. It is usually called affiliate marketing, and I would gain a lot of customers just because I am keeping my sales people happy. So do not be discouraged by one asshole who didn't pay you, that's on him, not the business.

Financial stability can be obtained if we can distribute income in the system. In other words, we have to create the system. If we do not control the system, it will be difficult to get financial stability

As individuals, to get financial stability we must create value for ourselves and also manage our time productively. When your value is high then you will be an asset, not a burden wherever you are. So you have to be wary if your working hours are high but your income is still low, it could be assumed you traded your time wrongly or you don't have strong value, so the company views you as a burden, not an asset.
legendary
Activity: 2086
Merit: 1058
If I had a product, I would say 10% cut from sales of it to everyone, not just sales people, the whole world would be my sales person and I would actually do pay that. It is usually called affiliate marketing, and I would gain a lot of customers just because I am keeping my sales people happy. So do not be discouraged by one asshole who didn't pay you, that's on him, not the business.
Yeah I agree, we are slow earners, but our expenses are usually way too more than what we are earning. Even when we start earning a high amount of money, some of us still tends to spend way too much and carelessly. Which is why we need to learn how to manage our resources. I even reached a stage where I had to start putting about fifty percent of my monthly income into a locked savings account, because I noticed that I was fond of spending money on unnecessary things, when I had other very important plans that I had to achieve. So, I had to do what was best for me and started managing myself to be able to achieve my major targets in life.
hero member
Activity: 2786
Merit: 606
A better system would reward people according to how well they solve problems. You could create a reward system that encourages others to find faults in people works based on laid down rules/standards that should not be violated. Fault finders could be quite polite though, and probably discreet/anonymous. A worker's rewards could be retained or rewards automatically given to him/her if no one is able to find fault in his/her work. Fault finders could be given the rewards that's meant for those who fail to do their job properly. This reward system should encourage workers do their job properly especially on a decentralized crypto network.
That would be difficult to implement, I think a system based on commissions similar to what is implemented with salespersons would be ideal, however many times I see the opposite and I have been in fact victim of this once, for several months in a row I was the best salesperson at a store and instead of congratulating me and given me the fruits of my labor I was fired because the boss did not wanted to pay me the commissions I was owed.

So I agree there are many people that literally just show up to work and do nothing of importance, but at the end of the day it is not our job to find those anomalies in the company and get rid of them, that is the job of the managers, and many of them are failing at their jobs.
That is not the bad side of the business idea, it is the bad side of that manager and that's it. Being a good salesperson and ending up getting paid is still valid idea, sure you may face some people like your manager that will not pay you, but you may face with people who reward you with extra profits or other stuff just to keep you happy. Making a sales person happy is number one rule of any decent business, if the sales person is happy then he will not leave for another company and he will keep on selling for you.

If I had a product, I would say 10% cut from sales of it to everyone, not just sales people, the whole world would be my sales person and I would actually do pay that. It is usually called affiliate marketing, and I would gain a lot of customers just because I am keeping my sales people happy. So do not be discouraged by one asshole who didn't pay you, that's on him, not the business.
hero member
Activity: 1260
Merit: 510

Has it occurred to you sometime you should have more income sources than just relying on single one?


for me looking for a loophole in making money and not relying on only one income is very reasonable and must be done, especially at this time,

I do everything as long as I earn money to make ends meet. especially in this digital era, there are so many ways to get money, as you mentioned above it is very objective but does not rule out the possibility of being a guarantee to get an additional source of income, there are risks involved in it and people should also be able to experience it loss.
hero member
Activity: 2702
Merit: 704
Better to just solve problems... If people appreciate or not, you still get your rewards in one way or another, as long as you do what is right. Such rewards always come from above and nobody can stop it.
If problem solving counts, whether people reward you or not, you could rightly claim you have multiple jobs.
I believe the world should emphasize on Solving Problems or making useful contributions to societies rather than just having a job. Lots of people don't contribute much in their jobs or are creating more problems yet are fully paid.
What you're describing is way too common in the work environment, believe me. I haven't changed many occupations, I'm only 23, however, I came across what you're mentioning almost in every single workplace. I now work in a gas station, and there's more than a handful of employees there who do not deserved to be paid in full, for such kind of work they're providing.

Ofcourse.
A better system would reward people according to how well they solve problems. You could create a reward system that encourages others to find faults in people works based on laid down rules/standards that should not be violated. Fault finders could be quite polite though, and probably discreet/anonymous. A worker's rewards could be retained or rewards automatically given to him/her if no one is able to find fault in his/her work. Fault finders could be given the rewards that's meant for those who fail to do their job properly. This reward system should encourage workers do their job properly especially on a decentralized crypto network.
That would be difficult to implement, I think a system based on commissions similar to what is implemented with salespersons would be ideal, however many times I see the opposite and I have been in fact victim of this once, for several months in a row I was the best salesperson at a store and instead of congratulating me and given me the fruits of my labor I was fired because the boss did not wanted to pay me the commissions I was owed.

So I agree there are many people that literally just show up to work and do nothing of importance, but at the end of the day it is not our job to find those anomalies in the company and get rid of them, that is the job of the managers, and many of them are failing at their jobs.
newbie
Activity: 98
Merit: 0
right now I have a job even at a low cost eventually I still just need financial stability to have a business of my own but I can't do that yet because I need a financial to save first, I guess it's hard to work enough that you also need  little balance in life not just work so much be think where can you take care of your daily needs or need at least a little investment and it will grow soon, so that my business can be built and because of my little financial for investment ..
legendary
Activity: 2492
Merit: 1332
The issue is that the expression becoming rich is wrong when it comes to building your wealth over the long term, you do not become rich you plan to become rich, most people do not have a plan, they just expect that someday the good life is going to happen to them and they will obtain the benefits of it, however the ones that were able to get so much money planned for it, they saw what they needed to reach their goal and they did it, and if that meant working several jobs or getting new skills they did it, while many other people will simply think of this as too much work and will keep waiting for their luck to change.
absolutely right, what you said is the right thing.
sometimes people only focus on wanting to be rich and want to get rich quick but on the other hand they forget what we should have to achieve that wealth.
planning is a very important thing that is often forgotten by almost everyone even though careful planning and proper management will indirectly make them more organized in doing everything including to get wealth.
it's simple, how do we want to be rich while the planning and management that we have are still not well organized.
What happens is that people have a completely mistaken idea of how people get rich, for example they want to win the lottery or inherit a huge sum from a rich family member that died, but they do not think about all the steps they need to take in order to get that money by themselves, also they think that the majority of those that are rich now were born this way but instead the majority were poor or middle class and became rich thanks to their efforts.
Ucy
sr. member
Activity: 2576
Merit: 401
Better to just solve problems... If people appreciate or not, you still get your rewards in one way or another, as long as you do what is right. Such rewards always come from above and nobody can stop it.
If problem solving counts, whether people reward you or not, you could rightly claim you have multiple jobs.
I believe the world should emphasize on Solving Problems or making useful contributions to societies rather than just having a job. Lots of people don't contribute much in their jobs or are creating more problems yet are fully paid.
What you're describing is way too common in the work environment, believe me. I haven't changed many occupations, I'm only 23, however, I came across what you're mentioning almost in every single workplace. I now work in a gas station, and there's more than a handful of employees there who do not deserved to be paid in full, for such kind of work they're providing.

Ofcourse.
A better system would reward people according to how well they solve problems. You could create a reward system that encourages others to find faults in people works based on laid down rules/standards that should not be violated. Fault finders could be quite polite though, and probably discreet/anonymous. A worker's rewards could be retained or rewards automatically given to him/her if no one is able to find fault in his/her work. Fault finders could be given the rewards that's meant for those who fail to do their job properly. This reward system should encourage workers do their job properly especially on a decentralized crypto network.
hero member
Activity: 2702
Merit: 704
I never really liked the "hustle" suggestions that people give out. I understand the whole "garyvee" type of money making, and I am not really stupid enough to fail to even try it, I could try and fail and that would be alright but I am not even trying it, not because I can't, but because I disagree with the whole idea. The logic of "if you work really hard, spend 20 hours a day working and only 4 hours sleeping and do nothing else for 5 years, then you will be rich for the other 30+ years left in your life (presumably)" is not something I would advice to anyone.

It is not healthy, I had like maybe 3-4 months like that and I made INSANE profits back in the day, this was probably 5 years ago or so, when I first quit my job, and I HATED it, I rather make a decent small but enough money like I make now, it is enough for me to survive, sometimes I have to pay some extra stuff and life becomes very hard, but aside from that I rather do this than work 20 hours on multiple other jobs, it just makes life so miserably and you burn out.
Without a doubt that is unhealthy but at the end we all need to take decisions about what we want for our lives, if someone is willing to do that and can in fact pull it off then I think their statements about how they could set themselves up for the next decade or two are not wrong.

However there is a big difference between wanting to pull this off and being able to actually do it, something you have experimented yourself, and if a person cannot do it then the path you have taken is the correct one, work hard within some reasonable limits and use your money in a responsible, and if you do this for long enough then success will eventually follow.
legendary
Activity: 3500
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
I never really liked the "hustle" suggestions that people give out. I understand the whole "garyvee" type of money making, and I am not really stupid enough to fail to even try it, I could try and fail and that would be alright but I am not even trying it, not because I can't, but because I disagree with the whole idea. The logic of "if you work really hard, spend 20 hours a day working and only 4 hours sleeping and do nothing else for 5 years, then you will be rich for the other 30+ years left in your life (presumably)" is not something I would advice to anyone.

It is not healthy, I had like maybe 3-4 months like that and I made INSANE profits back in the day, this was probably 5 years ago or so, when I first quit my job, and I HATED it, I rather make a decent small but enough money like I make now, it is enough for me to survive, sometimes I have to pay some extra stuff and life becomes very hard, but aside from that I rather do this than work 20 hours on multiple other jobs, it just makes life so miserably and you burn out.
hero member
Activity: 2548
Merit: 533
when you mention blogger i remember I used to underestimate a blogger job before. but after getting to know my closest friend who are full time blogger. he only worked the first 2 years and his blog continued getting a lot traffic for the next 5 years and make incredibly income from it . and currently he is just a passive writer with much more income. sometimes the obstacle to start doing all of that is the fear of starting and the fear of failure.

There are people who are talented and which are not which means if they are that dedicative on certain things that t hey do like then it would mostly be on that successful side but its not an assurance because it will always matter with the demand and recognition which is something that cant really be controlled nor be influenced by anything and this is also needing some sort of luck when it comes ventures you are
dealing with.
full member
Activity: 882
Merit: 110
now we live where technology dominates almost all fields and what we can do now is.
1. survive with technology that continues to advance by increasing literacy and continuing to add insight so that we are not left behind from a civilization that is increasingly advanced.
we will not be able to survive if we still think of the old ways to survive today.

On the other hand, with the development of advanced technology, we must also be able to maximize it, especially in maintaining the productivity we have because now almost all work is assisted by advanced tools and technology and this is where we must be able to master and make this technology like something that is profitable for us. us in a way as I said above.
but things like that are still not evenly distributed in the socialization and introductions that are carried out so that there are still a lot of people who are clueless in technology so they don't like things that smell like technology and still use old ways to survive.
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