Topic: Food for thought - page 7. (Read 899 times)
Where I live is a low-income country and the situation here is different. Many educated people in low-income countries struggle to find stable employment and are forced to take low-paid, insecure jobs or even work in the informal sector. Finding an additional source of income becomes imperative where there is no guarantee of employment. We all know roughly the global situation. The price of every thing is constantly increasing. In low-income countries, relying on one income alone will not get us far into the future. An additional source of income is very important for us besides the job. I think an extra income can provide a sense of security and independence.
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 know it's everyone's dream to have his/her own business because it's a common knowledge to everyone that we don't get improved or become rich just by staying in a single job or a government job, but by having our own business the rate of chances to get rich or make our lives comfortable is very high. That's why a lot would even chose to start their own business and leave their jobs permanently.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.
However, not all are given the opportunities to become the bosses of their own. Saving one's own capital is very hard, and when it comes to business, the rich men have always the advantage to start first, while leaving the poor men struggle first so they can come up with sufficient finances to funds their business.
Be like a soccer player in this life. and defend what can be defended.
Soccer player is a profession that has a fantastic salary. And they can get such a large salary because their position is irreplaceable. Like Cristiano Ronaldo and Linel Messi, they are irreplaceable soccer players. Because their role in a club is very vital, they have extraordinary abilities and skills that are not owned by others, so they can always be relied on in matters of scoring goals, and even when they are absent to play this really makes the club experience unsatisfactory results. CR7 & Messi have been the actors behind the success of the clubny
Even in the career world, if your position does not want to be replaced and avoid the risk of layoffs, then continue to hone your abilities, knowledge and skills. And make a reason why the company can't fire you. And continue to be an actor behind all the success of the company.
And when you already have qualified abilities and skills, which are not owned by others, then never worry when you are fired. because there will be many companies that need you.
Soccer player is a profession that has a fantastic salary. And they can get such a large salary because their position is irreplaceable. Like Cristiano Ronaldo and Linel Messi, they are irreplaceable soccer players. Because their role in a club is very vital, they have extraordinary abilities and skills that are not owned by others, so they can always be relied on in matters of scoring goals, and even when they are absent to play this really makes the club experience unsatisfactory results. CR7 & Messi have been the actors behind the success of the clubny
Even in the career world, if your position does not want to be replaced and avoid the risk of layoffs, then continue to hone your abilities, knowledge and skills. And make a reason why the company can't fire you. And continue to be an actor behind all the success of the company.
And when you already have qualified abilities and skills, which are not owned by others, then never worry when you are fired. because there will be many companies that need you.
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.
You are right, no one should depend on a single source of income and devote their whole life and career to their bosses. But I wonder if there are any in the current era who still have that old traditional mindset to bear the odd attitude of their bosses and always depend on them and never learn new things and grow with new skills. I consider growing with new skills in the same sector of a job the same as having more than one source of income. We all should learn new things no matter if we are making good amount of money with our current job. Always move forward.
I am trying to make more than one income source even if the procedure is slow but it will end up good for me. Doing something is better than doing nothing at all.
Our country does not have a good reputation in terms of government even the workers under the local government unit don't get enough funds for their daily sustainability even though you want to appeal you don't have any choice or option because they can easily replace you and hire willingly to accept the job without too much demand, also people tend to have work even a low amount of salary at least they have a source of income today its hard to work most likely they are hiring for an 8 full shift of hours and a daily rate not into an hour rate like in the other country. If you want to succeed in life making a business or working in the other country is ideal than hoping to get rich under the LGU.
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.
Sometimes I get tired of seeing these things.
Not everybody will own a business. Advising people who don't know how to run a business to start a small business is not really the best advice. I'm not saying it's bad advice but not everybody can do that. So you'll call the ones that don't do it fool? NO.
Advise people to have investments, and learn skills. There are so many skills out there that people can learn. There are so many investments out there too to go into. Even long-term.
Advise people to have savings just in case.
I don't believe everybody should own a business. Besides it costs more to start up a business and it's also most likely going to require a lot of time. Time you may not have, so you end up handing the business over to someone else to run. What time do you have to run a start-up when doing a 9-5?
Building a career is not a bad idea. Just try to always get better in your career. Learn new stuff, and take more courses that'll make you stand out. Try to be among the best at what you do. That way you'll always be sought after even while you have a job.
With all the obligations and responsibilities, I think one can ignore social media. A responsible person wouldn't want to wait for the time when his family would go hungry and have to burn firewood in the backyard to stay warm.
Believe it or not. If you have in-laws who keep watching your back and go over to your house when you are jobless. It's gonna be the worst feeling. Having two jobs is necessary nowadays, it's not just to survive but to also have savings/investments.
Well, this isn't about the jobless but more about someone who lives from paycheck to paycheck so they just fit into their comfort zone until they realize today is the day they are going to be thrown away from the job. And seriously how many of us are waking up and start daily chores without looking at your notification, just answer honestly.
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Well, this is definitely a good advice, and one many of us constantly preach mostly in the gambling board, majorly on how important it is for gamblers to not take gambling as a source of income, but have multiple sources of income outside gambling..
But hold-up, I understand that I am not in the gambling board right now but in the Economics board, so, looking at this from from the economy perspective, it's almost the same thing, it is practically unwise for a someone to depend on salary, no body depending on salary have ever came out to become a very wealthy person, they either become wealthy through their own private business, or their own investment.
So, as a salary earner, it is topmost important to start and manage a business on the side, no matter how small, keep it going and growing little by little, and who knows, in the future, you may not have to wait until you either retire or sacked, your business must have grown to an extent you will have to quit your job to focus on the business, by so doing, you have become your own boss.
But hold-up, I understand that I am not in the gambling board right now but in the Economics board, so, looking at this from from the economy perspective, it's almost the same thing, it is practically unwise for a someone to depend on salary, no body depending on salary have ever came out to become a very wealthy person, they either become wealthy through their own private business, or their own investment.
So, as a salary earner, it is topmost important to start and manage a business on the side, no matter how small, keep it going and growing little by little, and who knows, in the future, you may not have to wait until you either retire or sacked, your business must have grown to an extent you will have to quit your job to focus on the business, by so doing, you have become your own boss.
This reminds me of the Covid-19 pandemic which resulted in many factory employees being laid off. And it's true, as you said, when they were laid off, they were really confused about where to find money to survive and meet their daily needs. Because, they do not have the ability to work or try in other fields, apart from being factory employees. In the end, to survive, they sell their personal belongings. And when the pandemic was over, they returned to handing out papers to apply for jobs.
And starting from this, it is important for us to continue to improve our abilities not only in one field of business, and to continue trying and trying to get rid of dependence on other people or companies.
And starting from this, it is important for us to continue to improve our abilities not only in one field of business, and to continue trying and trying to get rid of dependence on other people or companies.
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.
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.
The starting capital and who to manage it sometimes is the blocking stone. About business idea, first I will say look into the work you’re employed to do and think if it is possible to do same business even if it’s small. If your work doesn’t fit a business, then you can actually do a market survey to see what your locality lacks and if it fits your capital you can start. You can employ a family member to help in the running of the business because sometimes it is hard to cope if you’re employed to another organization.
people always says that working for an employer should only be temporary because businesses are the ways to finally be comfortably rich
This is not a saying but just fact, because no matter how long you work under the government or someone you will definitely one day be retired, but with business it is there till death comes and even your offsprings can inherit it.
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.
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.
I appreciate the idea but many of them don't even have time to take a breath due to other commitments of scrolling social media, giving likes, stalking bf/gf, and anything that you want to add to the list.
So the change will be possible only if they make their lifestyle completely and dedicate the next 5 years completely to making money and screw everything else then you may end up financially successful.
With all the obligations and responsibilities, I think one can ignore social media. A responsible person wouldn't want to wait for the time when his family would go hungry and have to burn firewood in the backyard to stay warm.
Believe it or not. If you have in-laws who keep watching your back and go over to your house when you are jobless. It's gonna be the worst feeling. Having two jobs is necessary nowadays, it's not just to survive but to also have savings/investments.
After 14 months of being dependent on the salary I received from my boss, I finally considered starting my own small business. Even before, this is really what I wanted to do – to be a businessman or business owner. I know that there are many here who are like me, and you understand that it's not easy at the beginning. Now, it's only been 2 months since I started this. It's challenging, but I'll manage. It's important to diversify income streams. I don't want to rely solely on my primary source because there's no certainty about how long I'll be doing this, especially since I work from home and my bosses are foreigners. We don't have control over being an employee, but if you have your own business, you have the independence to do whatever you want. It's even better if you can manage to juggle both; it just depends on how you handle or manage it.
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.
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.
I appreciate the idea but many of them don't even have time to take a breath due to other commitments of scrolling social media, giving likes, stalking bf/gf, and anything that you want to add to the list.
So the change will be possible only if they make their lifestyle completely and dedicate the next 5 years completely to making money and screw everything else then you may end up financially successful.
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.
This alone summarize it all, we should not be too dependent on something, especially when it's a single entity, but many people don't hve the foresight of doing this, instead rhry got contempted with the peanut they are receiving from their salary and never think for an alternative, the worst of it all is on the scenario that you discover that someone looses his job and was rendered helpless without knowing were to start from, there's nothing like being on our own, or having a backup business to complement the one we are doing.
Although this piece of advice is very common, I'm afraid it's easier said than done. Based on my observation, there are people who are better off as employees than businessmen. There are those who simply aren't business-minded. Starting a business isn't easy. Sustaining it is even harder. Sticking to it, embracing the responsibilities, need no less than devotion or commitment.
Another factor is that business is an investment. Meaning, it needs a starting capital. To many who are fully salary-dependent, starting a business is only a goal because they simply cannot afford it, or at least the kind of business they want to have isn't easily within reach.
Another factor is that investing in a business is risky. While the goal is to have another source of income, it could happen that the business itself is the cause that all savings is drained. This has happened to many.
Another factor is that business is an investment. Meaning, it needs a starting capital. To many who are fully salary-dependent, starting a business is only a goal because they simply cannot afford it, or at least the kind of business they want to have isn't easily within reach.
Another factor is that investing in a business is risky. While the goal is to have another source of income, it could happen that the business itself is the cause that all savings is drained. This has happened to many.
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.
this is extremely hard to do first of all what if their 9-5 job does not pay enough for them to afford a little business on the side
second, thinking of a business idea that will garner profit and at the same time you can do while still maintaining your job
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In this current economy, it's suicidal to have only one source of income.
people always says that working for an employer should only be temporary because businesses are the ways to finally be comfortably rich
This vary from one to other country.
If you talk about first world country, get a job is much easier especially you're work in entry level e.g. waitress, customer service, storekeeper, dish washer, coffee maker etc. You can work in two or three jobs if you're strong enough. You will get paid accordingly because they have better economy and low population.
But this is completely different in third world country, it's hard to get job and if you get, you need to accept low payment and extra work e.g. if the job is from 9AM to 5 PM, you will be asked to arrive in 8 AM and work for 2-3 hours more without getting any extra payment because if you don't accept it, they can easily fired you as there are many people still interested due to high population = high unemployment.
If you talk about first world country, get a job is much easier especially you're work in entry level e.g. waitress, customer service, storekeeper, dish washer, coffee maker etc. You can work in two or three jobs if you're strong enough. You will get paid accordingly because they have better economy and low population.
But this is completely different in third world country, it's hard to get job and if you get, you need to accept low payment and extra work e.g. if the job is from 9AM to 5 PM, you will be asked to arrive in 8 AM and work for 2-3 hours more without getting any extra payment because if you don't accept it, they can easily fired you as there are many people still interested due to high population = high unemployment.
I agree that having only one source of income is very dangerous not only for the current state of the world but for a long time, someone should have more than one source of income so that when we lose that source of income it doesn't make us stressed and start having difficulties in paying our living expenses and it's not only having more than one source of income is important but also managing each of our income by giving a portion to start investing because saving our money in the bank will not make it increase but will decrease in value due to inflation.
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.
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.
Honestly this post makes me question myself but I already have an answer, Having an 8 hrs job per day is not bad, in fact this is one if the easiest way to earn money by having a fixed monthly income. It is true that we don't have to rely in a 1 source of income because we have no guarantee that it will last for a lifetime and it is possible that something will change in the future so we should always be prepared but let's be real here, finding other source of income is not that easy in terms of time and money and that is one of the common problem to us.
Having your own business requires a lot of time and effort which is somehow might cause a neglegence in your work, unless you're good at time management or your have other people who's willing to support and help you in your business.
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.
If your having difficulty in decision making you should stick to what keeps you comfortable or maybe you can consult an advances economist to broaden your knowledge about income generation through such conversation you can find an area of interest and go into it and make good profit hence having another source of income. 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.
If I may suggest to you a business line weather your knowledge about it or not you can own it and employ some workers to manage it for you, business like pharmacy; you don't need to be an expert on it if you have the capital you can register with the legal Institutes of Health and publish a pharmacy employ a pharmacist. that's one of the business that can profit you because it has to do with health and it doesn't have a season because people sick everyday and need to be healthy so the location and capital is just required.
If you're due for marriage bro you can take a bold step to the other path of manhood and at least you will have an assistance in your area of business while doing other activities.
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