Food for thought - page 4. | Bitcointalksearch.org

eightdots

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Quote from: benalexis12 on December 15, 2023, 05:17:59 AM

First of all, being an employee is not bad, so let's not downgrade employees too much. Do you think that if everyone in the world became an entrepreneur, would your business or company still have a way to make money? I mean, if you don't have manpower or employees, can you do it alone?

Yes, it is true that it is not enough to have only one source of income these days if you are not a rich person. But there are many opportunities that can be added besides being an employee. As long as we have time and can manage it properly. But I don't believe that when you only have one job, it is equivalent to suicidal. In this matter, you are wrong.

It is talked about in many subjects as if starting our own business is a very easy thing to do. However, this is not as easy as it seems and the conditions are not the same in every country.

Let's start a business now. Let's do what we have in mind in reality. Such sentences are a dream in many countries and are very difficult to realize. People want to increase their income and improve themselves in many areas. Despite this, capital is required to start a business and it is very difficult to find or accumulate this capital.

Those who have the opportunity to start a business can try it, but in this case there are many risks and every business can go bankrupt before reaching the profit it dreams of. Those who do not have the opportunity to start a business are trying to find a second income. This is usually part-time work or work done over the internet.

I agree with your comment, it is not enough to have a single source of income unless you are rich and a lot can be done with proper time management.

stadus

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Having a stable job does not guarantee that you will never experience financial struggles. No matter how well compensated you are, there are really times that your funds are very tight and would hardly afford to provide all the basic needs. The reason why having another source of income is a must. Don't worry if the profits is just small, the fact that you only consider it as additional funds or profits, then it's not necessary that it should be big or huge.

But sometimes, the least you expected that your business profits will only serve as reserved funds because you have your main and stable job, you will only be surprised that what you gain from your business is already the one you've been using to provide majority of your family needs. So the profits from your business has already exceeded the one you are getting from your main job.

YUriy1991

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Quote from: cozytrade on December 20, 2023, 11:52:10 AM

I am working under a contractor. I have to struggle a lot to meet the needs of my family from the monthly salary I get from here. Now it is very important for me to find different sources of income for my financial stability. Currently, with rising commodity prices, it has become difficult for me to survive on my one source of income. Now I have to choose a site that can be a source of great income in a short period of time. Be it business or investment so that I can establish another source of income and gain financial freedom. In my opinion it is very important for everyone to have different sources of income to cover all the needs of the family.

Right, that's not wrong. If you already work in that field (contractor) I think there is a lot you can do there, especially if the owner of your company already has a lot of experience. For example, you can take over the work in terms of calculating the final mutual check before payment for the project is made, whether the work is obtained from a government or private agency and usually there is a fee for it and the value is quite good for a final report.

cozytrade

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I am working under a contractor. I have to struggle a lot to meet the needs of my family from the monthly salary I get from here. Now it is very important for me to find different sources of income for my financial stability. Currently, with rising commodity prices, it has become difficult for me to survive on my one source of income. Now I have to choose a site that can be a source of great income in a short period of time. Be it business or investment so that I can establish another source of income and gain financial freedom. In my opinion it is very important for everyone to have different sources of income to cover all the needs of the family.

tygeade

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Quote from: boty on December 16, 2023, 01:34:05 AM

Quote from: mirakal on December 15, 2023, 07:59:58 PM

Living life is not all about the present but you should also live for your future, that is thinking for long term, if you can still keep your job forever or you need some alternatives that will also provide you a source of income. That's why having another source of income like establishing your own business while you are still working would be a great idea, that will give you double benefits in time. The important thing is you start building on it, with courage and determination, you will make a good reward that will create positive changes in your life.

This is not just a sort of plan but we should start adopting mindset like this. Learn to be resourceful as much as we could. In time, we will build financial freedom and live our life at its best.

In this life of course everyone will think about how they can live their life better than today of course they will continue to try to work diligently in order to realize what they have dreamed of and in achieving the goals they want they need to do it consistently so that the targets they have set they determine that they can achieve it, when they have achieved what they want, of course they will be happy with the achievements they get.
Continue to learn and develop the potential that exists within us so that we can get what we have targeted to achieve financial freedom.

There might still be people who are already contented with their financial status. They can find happiness in other things though. It does not mean that they are not diligent anymore. They still do, so that they won't be removed on their minimalist job and experience to have difficulties, until they can have another again. On the other hand, there are those people you defined but at the same time procrastinating, or not working diligently. Well, I can't totally blame them because I know that it wasn't also easy as it look or sound. It is only not fair if they are still being paid correctly by their boss. It's common for those who are working in the government.

Sebas.tian

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Quote from: Barikui1

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.

Those that depend on one source always experience some challenges when they get sack from their working place, which they keep advising people in this forum not to depend on only one source but have other sources that is bringing income to you either daily, weekly, monthly and yearly in the community. If you are under somebody, all you need to do is to start saving money from that salary you are earning from your Boss, so that you can invest the part of the money on Bitcoin when the price decrease down in the market, and wait for the price to increase to your satisfaction before you can sell to grow your finances in the society. I know that nobody want to remain as a servant forever in any organization, that is why you see people like us looking for way to get this capital to create a good business that will be bringing income for someone to increase his or her Bitcoin investment.

YUriy1991

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Quote from: Barikui1 on December 15, 2023, 04:43:03 AM

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.

If it works well and doesn't do anything strange the potential isn't there. This is the same as investing if you end up losing in the middle of the road. Plan B must be there if dismissal comes and happens at any time. I think that even though they are already working in an entity or government, they will always look for additional income options and will not focus everything on one point and that will arise naturally because of the increasing need over time.

AnonBitCoiner

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Single salary is not enough for satisfying your status therefore keep finding another job opportunity or any business which will not only make you profitable but your whole generation will take profit from it. Investment is the basic helper which help us during harsh condition when we have no other source of income and we are unable to do a job.

Remember that we cannot perform same as we are performing during young age so we should make certain preparations for our future when we will be retired and not young to carry out any business. People don't think about future and when they need money then they regret for past therefore it is must that if you have money then set some source of investment that will aid in your income.

bangjoe

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Quote from: |MINER| on December 17, 2023, 02:30:11 AM

Keeping up with the current market is very challenging. If one has no accumulated capital and if he is suddenly fired from his job, it will be very difficult for him to survive. No one should sit down for one job and be involved in business along with the job. Because no one can tell when trouble will strike in one's life. A jobber can also invest a portion of his salary in BTC to help him in times of crisis.

This can be considered a good plan, it doesn't matter if we work for one entity or company and rely on the income generated from that one company, especially with a sufficient salary, of course in my opinion it doesn't matter.

It does need to be considered that being a worker will be very difficult if we are fired from our job, therefore it is true what is said "then investing while still having income is a solution when destined to be in a difficult situation in the future" with this reducing the burden carried to finance life in the future. BTC investment is the best we can do as long as we are making money from our current job.

Sometimes a person's ability is different in doing something but being able to try to minimize the suffering that may occur in the future is a thought that everyone should have.

doomloop

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Quote from: Barikui1 on December 15, 2023, 04:43:03 AM

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.

It's not always about what a person thinks or wants about their future, it's about what they are capable of doing. Not every person doing a 9 to 5 job has the financial capability of starting a side business that they can grow slowly until the time they leave their job or get retired or sacked, etc. Besides, it's not easy for someone doing a 9 to 5 job to also manage a business even if it's small because there is a personal life one needs to take care of, and a family to spend time with. You can't just keep working 24/7.

Indeed, a person cannot just rely on a single source of income in the world we are living in because you can't do anything without money these days, and who doesn't want to have a business of their own? But, it's only a few people that can do things like that and have the capacity to manage two things simultaneously.

Eternad

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Quote from: Barikui1 on December 15, 2023, 04:43:03 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.

If you are working 8hrs a day then how exactly you will manage your business at the same time? This will not gonna work unless you have a partner who will handle the business management for you.

I get the point because I plan to do this after saving enough money from my current job but I will not do business while I’m still working because that will be a waste of investment. You should commit yourself on business if you want to become successful because there’s now way to grow it without your actual input on managing it.

3kpk3

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Problem is that starting a business and maintaining it is far easier said than done op. Furthermore, only some people have proper business related skills while the rest lack them due to which this is a risky proposition.

Instead, I advise investing in low-cap altcoins with great potential and HODL which could lead to a great secondary source of income in the future if they explode.

coupable

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Quote from: Barikui1 on December 15, 2023, 04:43:03 AM

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.

We must realize that this is subject to the psychological makeup of each person. This type is what is called "good servant but bad master."
Just as not all people are qualified to run a business, just as there are people who are not qualified to work full-time in a routine job. This requires exceptional skills that are not available to the majority, and as we see in the international economic fabric today, employees are much more than entrepreneurs.

Quote from: Barikui1 on December 15, 2023, 04:43:03 AM

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.

Diversifying sources of income is one of the basic principles in the globalized capitalist economy due to the spread of the culture of consumption and rising expenses. Therefore, an existing source of income cannot be sufficient, no matter how large it is.

JunaidAzizi

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Yes in today's time relying on a single job is very risky and will cause many problems that will be long lasting. We saw businessmen having a lot of money and when something happened to the world economy they did not take any fear of it and their daily life, while on the other side an ordinary person who had a single job when any bad news came to the market or if he is a government employee and when the prices of goods increase he is the first one who gets affected by it and the reason is less capital earn through that small and single job. The reason behind this is that a businessman diversifies his investment not only in one business but in many and when something happens to one of them the rest are going smoothly and give him profits. So I think we all need to take a step and start something new with our first job and earn double per month.

oktana

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I saw a thread that asked if you’d prefer the salary job or owning a business and many people picked the salary job. I find it crazy that we have come to the point where we prefer to be slaves than to become masters. It is very important that one should be build something while working their salary job because your salary depends on the success of the project. If the company dies tomorrow, so does your job, and then what? You start searching for another? But if you start building something, it can grow over time to a point that you can have your own business and run it in your way. Without the fear of someone firing you at their will.

|MINER|

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Keeping up with the current market is very challenging. If one has no accumulated capital and if he is suddenly fired from his job, it will be very difficult for him to survive. No one should sit down for one job and be involved in business along with the job. Because no one can tell when trouble will strike in one's life. A jobber can also invest a portion of his salary in BTC to help him in times of crisis.

salad daging

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Working in the government is usually guaranteed so that they want to keep working there, there is also the matter of dismissal, usually from bad behavior, the government can fire them.

Whereas work in a private entity is certain to be subject to layoffs if the company is collapsing, this happened during Covid-19 where many workers were terminated because the company's operations were declining, but for the government, they are still working until now, there are no mass dismissals except for salary cuts, that I know.

Starting a business is not easy sometimes many people don't want to fail so they don't want to try it, from failure we can know about business plans that will continue to be developed but there are many constrained by capital, they don't have time because they are spent working.

Yes, with a single source of income for now it is not enough, maybe you can say it is mediocre for a month's needs, by starting a business we can increase our finances, there is also a failure that has become commonplace, the most important thing is that when you fail you can improve again.

GbitG

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Quote from: Barikui1 on December 15, 2023, 04:43:03 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.

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.

I have seen most people say that when they quit their job, they have nothing to do and their lives are more difficult than before. All your words will be very useful for people in this forum. Owning a business is a very good idea, but doing business also requires capital and experience, and not everyone can do business. Businesses also require a lot of running and hard work, and many people have a tendency to live a quiet life. Owning a business is good, but if all people start their own business, then who will do the government job or people's job? So it is a distribution of nature where everyone is working according to their ability.

People who have talent don't look for jobs, but jobs find them, and they never face failure in life. Whether one is doing business, skilled, or a servant, if one is an expert in his field, he will be successful everywhere. However, there is no doubt that one should never depend on one source of income.

KingsDen

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Quote from: Barikui1 on December 15, 2023, 04:43:03 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.

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.

Someone doing a job of 9am to 5pm, will not have time to manage or supervise a business unless they have to quit their job for their business. This is a way to draw a balance. Starling a business is not an easy thing, business needs attention and more attention to be nurtured in the early time. I am not discouraging anyone from doing business but I want to tell us that business needs attention.

Quote from: Barikui1 on December 15, 2023, 04:43:03 AM

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.

People who has a secured government job should be somehow stable and plan their lives while depending on pension for retirement. By this they won't be scared of being laid off at anytime and plan their lives very well.

JoyMarsha

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Quote from: criptoevangelista on December 15, 2023, 06:35:30 AM

I've been thinking about this for the last few years.

Having a formal job and a single source of income is something that I have to adjust in my life. I've thought countless times about opening my own business, but the question is: what to do? exactly which line of business to go? Sometimes I think a lot about finding a partner, because alone it's very complicated.

Though there are many lines of business that one can consider, one should first consider what kind of products or services are in great demand in their local area. It could be a food supply business, a provision store, a boutique, a retailer, etc. All of the aforementioned businesses have the option of someone starting it small with minimal money, and before the person realizes it, it has grown big over time.
Therefore, survey what is demanded most in your area, and start up with it as a side hustle. You must not start it big amount

Topic: Food for thought - page 4. (Read 899 times)