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Topic: Food for thought - page 2. (Read 899 times)

full member
Activity: 784
Merit: 117
Chainjoes.com
December 26, 2023, 12:30:56 PM
For those working for government or an entity, try  to  start a small business and grow it gradually while still doing your 9am- 5pm job.

We might not feel the importance of it until we have been lay off from the job.
I have a question for those working for an entity or government, if you are being sacked today, what will be your faith? Will you still be financially strong, can your other sources of income keeps you going or you will be devastated by the loss of your job.

In this current economy, it's suicidal to have only one source of income.
If you must live well you must be ready to grab the bull by his horn am make life changing decisions by having more than one source of income.
Don't put your financial destiny in the hands of your bosses, you might not know the importance of having your own business till you have been sacked. think about it.

If you have a regular job and you think you still have time to make other income besides your job, I think it's a good opportunity to take advantage of it. For example, here in the crypto space, you can do it inserted after your work, it just depends on the time management you do.

And there are many people doing this all over the world actually, let's not stick to just one source of income, as long as we can manage it, we will take advantage of the opportunity to do it for real. Just don't let go of your stable job, now when the time comes that your other source of income is stable, that's when you decide if you can really let go or leave your regular job at a company.
hero member
Activity: 1092
Merit: 507
Leading Crypto Sports Betting & Casino Platform
December 26, 2023, 11:15:04 AM
It is normal that you are employed in a field of work and you are getting a certain salary every month from being employed in the field of work and with that salary you are doing well with your family. As you get fixed amount of money every month you don't realize how important this money is for you at this time but when you lose your job you will realize how hard the world is for you. If I put it simply, we never understand the value of teeth when we have teeth or when we have a body part we never understand the value of that part but when a person does not have that part in his body but he understands how important that part is for him. In real terms we should be careful about this before losing our job and we should be careful that there is no point in regretting after losing our job.

I think those who have got a job with an income every month they have to maintain it, because that is their main income and with it their basic economic needs are helped, if they don't work and don't have an income of course they will experience economic difficulties, too People who already have a job must maintain that job, they must be able to move up in position so that their income also increases every month.You are right, besides, if they have lost their job, their situation will not improve, in fact, perhaps they will have difficulties because without a job, they will not get a steady monthly income. because if they have a job it is also for their own good, not for other people, maybe some of them and their families who may also have to enjoy a little of their monthly income. because everyone should have a fixed monthly income, especially men. In my opinion, men have a greater responsibility than women, because men will be the head of the family in the future, therefore I emphasize that men must have a job with a clear income every month.
legendary
Activity: 2086
Merit: 1759
December 26, 2023, 10:14:17 AM
For those working for government or an entity, try  to  start a small business and grow it gradually while still doing your 9am- 5pm job.
I have a friend who works in the government, so now my friend has retired, not been fired, but has finished working in the government, but what I want to convey here is the idea that he developed and carried out until now it has come to public attention and he succeeded in doing it, he did this business while he was still active in government, my friend's economy was growing rapidly.

So there are many things you can do, for example what my friend did.
While he was still active in government he managed to buy quite a large garden of land, currently he has developed several young plants, such as: young coconut, honey orange, palm oil and banana.
The four plants he is cultivating are now producing brilliant results, he can make $300 a day, and he can make $9000 a month, that's one example that can be developed without high risk.

Perhaps from my friend's experience, this is the best aspiration for all of us here, the young plant business is more economically profitable, where when we no longer work in government, with this business the economy will still develop rapidly.
sr. member
Activity: 1190
Merit: 296
December 26, 2023, 09:41:14 AM
It is normal that you are employed in a field of work and you are getting a certain salary every month from being employed in the field of work and with that salary you are doing well with your family. As you get fixed amount of money every month you don't realize how important this money is for you at this time but when you lose your job you will realize how hard the world is for you. If I put it simply, we never understand the value of teeth when we have teeth or when we have a body part we never understand the value of that part but when a person does not have that part in his body but he understands how important that part is for him. In real terms we should be careful about this before losing our job and we should be careful that there is no point in regretting after losing our job.
legendary
Activity: 1904
Merit: 1096
Leading Crypto Sports Betting & Casino Platform
December 26, 2023, 03:48:30 AM
Ready or not, we must be ready to accept it if that is our destiny.
And it's best before that happens and while we are still working, we have to prepare ourselves in advance if that happens, by saving or investing. And if the salary is only enough to meet our needs, we also have to think about this when we are still working to find a side job or additional income so that we can save or invest according to our abilities.
And with all that, you will not experience difficulties and destruction when you are fired from your job, and that way you can open a business or anything from your savings or investments and you can also continue doing your side job. Because in the current economic conditions we are required to be smart in living a life that does not only rely on one source of income, because we never know what will happen in the future. So preparing an umbrella before it rains is very important, you have to think and plan in advance while you are still working, otherwise you will suffer.
And for this problem there is no need to question or ask other people or anyone else, because they will not care and living independently is much happier and more enjoyable.
Fate and destiny are two different things, destiny cannot be changed, if someone is destined to experience difficulties in building their finances for the better, they will continue to fail to achieve financial freedom even though they work day and night. Most people who are destined for economic difficulties will live a life with all their shortcomings, they are more commonly called poor people.

Fate can still be changed as long as there is a desire to look for other sources of income, relying on just one source of income is clearly not enough. There are still many other unexpected needs that can cause expenses to increase, increasing family members, house renovations and other unexpected costs such as a vehicle suddenly breaking down. Other sources of income need to be explored in order to maintain financial balance. There are deep considerations in order to achieve financial freedom in the future so that you can live a better life, so it must start from now.
I agree that destiny may seem like a fixed star in the financial world. But, isn't that a bit too pessimistic? Shouldn't we question someone's 'destined' economic struggles? Around the world, people have overcome 'destined' financial troubles through tenacity and smart decision-making. Not just harder, but smarter. They've diversified income, invested intelligently, and learned financial literacy. It's a brutal truth, but resting on the laurels of destiny is a cop-out. We must take charge and win.

Your point about fate being changeable is correct. Diversifying income is reasonable and necessary. Economic instability has never been seen before. Relying on a single source of income is a bad idea. Thrive, not just survive. We should investigate passive income, investment, and side jobs. Truthfully, it's not easy. Breaking financial stagnation takes courage, foresight, and determination. Every income stream strengthens our financial fortress. We must take charge of our finances.
hero member
Activity: 952
Merit: 541
December 26, 2023, 12:45:24 AM
Ready or not, we must be ready to accept it if that is our destiny.
And it's best before that happens and while we are still working, we have to prepare ourselves in advance if that happens, by saving or investing. And if the salary is only enough to meet our needs, we also have to think about this when we are still working to find a side job or additional income so that we can save or invest according to our abilities.
And with all that, you will not experience difficulties and destruction when you are fired from your job, and that way you can open a business or anything from your savings or investments and you can also continue doing your side job. Because in the current economic conditions we are required to be smart in living a life that does not only rely on one source of income, because we never know what will happen in the future. So preparing an umbrella before it rains is very important, you have to think and plan in advance while you are still working, otherwise you will suffer.
And for this problem there is no need to question or ask other people or anyone else, because they will not care and living independently is much happier and more enjoyable.
Fate and destiny are two different things, destiny cannot be changed, if someone is destined to experience difficulties in building their finances for the better, they will continue to fail to achieve financial freedom even though they work day and night. Most people who are destined for economic difficulties will live a life with all their shortcomings, they are more commonly called poor people.

Fate can still be changed as long as there is a desire to look for other sources of income, relying on just one source of income is clearly not enough. There are still many other unexpected needs that can cause expenses to increase, increasing family members, house renovations and other unexpected costs such as a vehicle suddenly breaking down. Other sources of income need to be explored in order to maintain financial balance. There are deep considerations in order to achieve financial freedom in the future so that you can live a better life, so it must start from now.
hero member
Activity: 1358
Merit: 538
paper money is going away
December 25, 2023, 11:51:51 PM
Getting a part-time job outside of your regular office hours is indeed diverse, but pulling it off is no walk in the park. We all want to have a side gig, you know, just in case we suddenly lose our main job. At least, it gives us a breathing space to pay bills and dues until we land a new job, relying on the side hustle for a while. But remember, it's not easy to do.

It takes a high level of discipline and consistency to maintain a good side job. There are loads of part-time gigs that may not be worth it because they're too demanding or maybe just too time-consuming.

Perhaps I can throw in a suggestion to opt for a side gig that's growth-oriented. That way, the longer you stick with it, the more your skills, business, or side job can grow along with you. And the best scenario would be having a business that becomes your main source of income, while your previous job, which used to be the main income, turns into a side hustle.  Cheesy
hero member
Activity: 2786
Merit: 606
December 25, 2023, 01:05:24 PM
Taking the pention out of the box, it will be wise to every employee to start up a good business that will begin to fetch them money before their retirement. Business takes time to grow and reach a stage where you can be receiving good profits with out affecting the business. So the early we think and establish the easier and convenient we become after retirement, having something to lay hands on for income.
Wise people do that, they set up businesses and start creating multiple income streams when they have the money in hand so that they and their families don't face any problems in the future. These are the people whose children live a very happy and prosperous life with all the luxuries they could ever think of because their parents have done everything already and created businesses and income streams for them and their future instead of wasting money.

On the other hand, some people wouldn't do anything for the future and they believe more in living the present, which makes them spend every dime they get into living the best life now, without making any compromises, and when the money ends and they retire, that's when the problems start to pop up.
legendary
Activity: 1288
Merit: 1491
The first decentralized crypto betting platform
December 25, 2023, 05:41:23 AM
There is a saying that " You can never be rich, working for someone " But that does not mean that being an employee is bad.

Like all sayings, there is some truth to it, but there are exceptions, such as being an NBA or NFL player. They work for others and they are rich. Or the CEO who earns 10 million dollars a year. But in general it is a saying that is quite true, for the man in the street is more likely to get rich by setting up a business than by working for someone else. However, setting up a business has its risks and the person who does it can end up much worse off because sometimes you have to guarantee the business with your assets so that it can continue to function, like your house, and if the business continues to go wrong you lose it.
member
Activity: 492
Merit: 53
Tontogether | Save Smart & Win Big
December 25, 2023, 05:16:13 AM
Relying on one source of income has become difficult, but many do not have the option to have a side business, such as starting a small business and growing it gradually, either because there is not enough money, or there is no space, or there is no time and experience, or problems in marketing and reaching customers, so it is better to try. You should start investing early and at a young age, and when you reach the age of thirty, then you will think about starting a family, and then you will have surplus money and experiences.
In this case we must be grateful that God still gives us the blessings of faith and Islam, so that even if we are fired from our jobs in the government or company we can still work elsewhere, now what we focus on is loving and starting our business, even though the business is small but very meaningful. , we are not controlled by other people, but we are the ones who manage people while honing ourselves to have more expertise in a job, whatever the job is, and there must also be a definite target or mission, vision in life.
sr. member
Activity: 1498
Merit: 323
December 24, 2023, 11:36:12 PM
There is a saying that " You can never be rich, working for someone " But that does not mean that being an employee is bad.

It is true that there are limits so it seems to us that, like the saying you say, to get out of them you also have to have more skills and this is enough to help us so that we can fill important positions where we work.

Oh, I remember my friend who has worked for a long time in trading with Chinese people as an employee and is trusted and wants to resign with honor. What did the Chinese say. Make a shop and open a business first. If you do that we will support you. But if that's not what you're doing, we're sorry we can't help you further. This means that there are opportunities in the future that can make us people who have more rights in the future and I'm sure why they suggest that is because they have done it repeatedly and succeeded.
sr. member
Activity: 812
Merit: 349
December 24, 2023, 06:17:18 PM
There is a saying that " You can never be rich, working for someone " But that does not mean that being an employee is bad. The need is that every employee should not put all their needs on salary is very important because having a legit side hustle or business that pays will go a long way for someone to survive in this global hardship hovering around the world, affecting the citizens of every country to excel in life.

One source of income is artificial poverty. Most employees spend more than what they earn, error. While doing the monthly pay job, they can learn a skill or apply for other part-time jobs, hence it won't clash with the one they are doing already.
full member
Activity: 378
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Play Bitcoin PVP Prediction Game
December 24, 2023, 01:57:48 PM
Relying on one source of income has become difficult, but many do not have the option to have a side business, such as starting a small business and growing it gradually, either because there is not enough money, or there is no space, or there is no time and experience, or problems in marketing and reaching customers, so it is better to try. You should start investing early and at a young age, and when you reach the age of thirty, then you will think about starting a family, and then you will have surplus money and experiences.

The problem here is some people don't like doing things on their own they like the trap called salary, so many big them like the slavery, once the salary is able to satisfy there immediate needs the don't see establishing a little business as an option again, but they fail to understand the fact that anything is possible, we have to think more things to do so that when there is financial crises we can easily boost of something to fall back to, I have watched people that concentrated on their job without investing in things that will be beneficial or bring more earnings to them, many of this set of persons are poor today because of there failure to do the right thing at the right time, people don't believe in investment or even saving, the only thing that they know is lavishing and thinking that tomorrow will be better than today without planning for tomorrow.
sr. member
Activity: 1498
Merit: 323
December 24, 2023, 05:08:19 AM
With current economic situation, inflation and all things getting more expensive, side hustling is a must, even when without the possibility of being laid off by our company, and more reasons to do so when there is that risk. The inflation growing more rapidly compared to our salary growth, without side hustling we actually earn less.

Tho some argue that some people doesn't have the time for side hustle but we must spare the time, we couldn't only rely on government to fix this problem, need to find our own solution while blaming the government for their incompetence.

In this case, perhaps you are right to see this condition, policy making and economic reform are deemed necessary by the government in terms of regulating the prices of goods/services, both for basic and secondary needs for large traders so that they are not monopolized and excessive so that we as consumers are not too burdened and are able to buy them. especially when the current economic situation is increasingly uncertain.

Although, maybe our responses and expectations are different, where there is an impression that prices are only going up and our salaries are no longer enough to cover everything as we used to do before.

This is also a challenge in itself, especially for us as heads of families and there must be room to look for additional activities that generate income so that these demands can be met.
hero member
Activity: 1092
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Leading Crypto Sports Betting & Casino Platform
December 24, 2023, 03:00:03 AM
Don't depend on just one source of income, if something happens that we don't expect to happen, at least there is another source of income that you can rely on to support your life. Having a side job outside of your main job can help or be the best solution when something happens to your main job.

Financial well-being needs to be maintained properly, just like a chair has four legs to support someone who is sitting, the stronger the legs of the chair, the safer the person sitting on it. Likewise with sources of income, the more sources of income, the more financial security you will have. Building a source of passive income is an important aspect for future planning. If you lose one source of income, you are still financially safe because there are still other sources that can bring you money.

That makes sense, I think if you only have a job with a limited income that is only enough to meet basic needs and to save, sometimes it is difficult to save because your limited income is only enough to meet basic needs, it makes sense to look for a side job , they can do this to get more income and of course if they generate profitable income it can help their economy financially as long as they have the desire to do it I think they can do it, by having a limited income they are afraid that when problems arise that suddenly arise. -Sudden, such as an accident or any problem that is sudden and of course requires money to overcome.

I like what you say, friend, I have also received advice like that, where he said, we must have more than 1 source of income, it is good to have income from 4 sources, because it is like the legs of a chair, when we have 4 businesses that generate profits , of course we can sit safely, and if one is broken it is still safe because there are still 3 legs, now imagine if you only had 1 business or source of income there is no way the chair would be safe to sit on, and I feel motivated by He conveyed this sentence to me, therefore I myself want to have a business to recruit my friends who are not yet working, because that way I can indirectly help them economically or financially.
sr. member
Activity: 1666
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Crypto Swap Exchange
December 23, 2023, 07:10:30 PM
Relying on one source of income has become difficult, but many do not have the option to have a side business, such as starting a small business and growing it gradually, either because there is not enough money, or there is no space, or there is no time and experience, or problems in marketing and reaching customers, so it is better to try. You should start investing early and at a young age, and when you reach the age of thirty, then you will think about starting a family, and then you will have surplus money and experiences.

In this day and age, it is very difficult for us to just rely on one source of income. Even just supporting ourselves is difficult to do. What if you have a family with a wife and children? right? It is necessary in times like this that we have other alternative sources of income.

If those in other countries who are OFWs are still looking for other ways to earn money apart from the work they have there, these people who are already abroad, then we in our local country should also be diligent like them, for at least we get what we need for our families that we support, and that is one of the main things we need every day: food.
full member
Activity: 1176
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Chainjoes.com
December 23, 2023, 12:05:18 PM
Relying on just one income stream in this unpredictable world is like balancing on a single tightrope above a pit of uncertainty. One wrong wobble, one gust of economic wind, and you're plummeting down with your financial security in tatters. That's why diversifying your income avenues is more than just a good idea, it's a lifeline.

Multiple income streams as building a safety net, not just from a financial standpoint, but also from a psychological one. Losing your main job wouldn't send you spiraling into panic with bills piling up like storm clouds. Instead, you'd have the reassuring cushion of other income sources, like a side hustle, rental income, or even smart investments, keeping your head above water while you navigate the choppy waters of job searching.
sr. member
Activity: 1512
Merit: 351
December 23, 2023, 11:46:21 AM
Relying on one source of income has become difficult, but many do not have the option to have a side business, such as starting a small business and growing it gradually, either because there is not enough money, or there is no space, or there is no time and experience, or problems in marketing and reaching customers, so it is better to try. You should start investing early and at a young age, and when you reach the age of thirty, then you will think about starting a family, and then you will have surplus money and experiences.
True. That is why aside from my day job I have a side hustle here on the forum. I am saving right now because I am planning to invest in something. Starting a family is not a joke because it is literally a liability.
sr. member
Activity: 1218
Merit: 332
Leading Crypto Sports Betting & Casino Platform
December 23, 2023, 04:12:06 AM
Don't depend on just one source of income, if something happens that we don't expect to happen, at least there is another source of income that you can rely on to support your life. Having a side job outside of your main job can help or be the best solution when something happens to your main job.

Financial well-being needs to be maintained properly, just like a chair has four legs to support someone who is sitting, the stronger the legs of the chair, the safer the person sitting on it. Likewise with sources of income, the more sources of income, the more financial security you will have. Building a source of passive income is an important aspect for future planning. If you lose one source of income, you are still financially safe because there are still other sources that can bring you money.
sr. member
Activity: 1498
Merit: 323
December 23, 2023, 03:18:00 AM
It's not wise for anyone to rely on just one source of income, especially in times when the global economy is struggling. Those working in government-owned establishments should carefully manage their employment duration and explore additional ways to earn money.

Exactly @Hatchy and very wise if I read your review above and it is very understandable for all of us here, especially if you are married then you have to try harder so that your family can increase its income and not just rely on one source of income.

I've observed many individuals employed by banks or government institutions who, when laid off, end up leading difficult lives. Sometimes they never get another job and might end up starting from a level they had never imagined. This is often because they didn't plan ahead. I often advise people that planning is crucial for a prosperous future. Even if you start with favorable circumstances, or born with a golden spoon, without proper planning, you might lose it all one day. It's advisable to have more than two sources of income to ensure you can meet your needs effectively.

Someone whose profession is already working in a bank, I am sure whether he will apply for early retirement or end his working period well As far as I remember, there was something called severance pay in the form of a bonus at the end of the term of office as a form of appreciation for bank employees who had worked. But the main problem for them is how they will enjoy it, whether it will be redeveloped or just used to cover their retirement costs.

In another case, if the employee makes a mistake and has a big impact on the good name of the institution where he works, then he will receive a warning and receive nothing more (dismissed without honor).
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