Topic: How do you deal with financial stress? - page 4. (Read 1819 times)
I'm currently still in school and in about 2 years I'll graduate, seeing the difficult economic situation in my country and the news about unemployment of course makes me ready to start my own business, currently I'm also looking for income from the internet by selling online and I think the results are satisfactory, and Facing a difficult economic situation, of course we must always be creative and dare to try.
This depends on the country you are. Finance stress can be control if you study your environment and understand what could be done to increase income and minimize spending.
Not only that, I think it's within the understanding of what kind of life you want to live and work towards it. Struggles would also the sacrifices. In the meantime, you might not be able to get what you want or the things you are craving but you use your time, money, and assets to build a legacy, a business, or any money-making skill to develop yourself and be ready for the wealth you want to accumulate.
You will struggle because you have to make ends meet, buy the thing you wanted to buy, appliances, save, and invest.
This depends on the country you are. Finance stress can be control if you study your environment and understand what could be done to increase income and minimize spendings.
Qualities only to get a degree is not enough because if someone does not have skills will make it difficult for them to survive. Any work sector requires skills
Good point on this one. No matter how flashy our CV is, especially with our background in education, if the skills we have don't fit the required skills that the company and role are seeking then it will still not be enough for us to get hired. Skills are essential in finding work or even just starting our own career journey to be professionals. Having various skills gives such an advantage especially since competition is everywhere. its just how it is, there's reason why everyone is getting degree, not because its just fancy certificate to have, but because HR in company selects based on latest education.
and to show some skills are done after the you got accepted into the company, getting accepted is the difficult thing.
though its different in IT field where usually you gonna have job interview first hand that test out your technical skills.
Attaining some degree to a specific course it's more like honing your skills. You wouldn't get that diploma without passing an exam, which determine if you are qualify to graduate. Knowing that you passed and graduated when you apply for a jobs, for sure companies would prefer employees that have educational background especially if the position you're taking requires knowledge and skills, that some would be needing years to achieve. Well, in work there's always a training days so you would be familiar on how things work in your job it's like a demo, so they could observe if you're fit to the role. And interviews leave impression to the HR so you'll have to be prepared for random questions.
Good point on this one. No matter how flashy our CV is, especially with our background in education, if the skills we have don't fit the required skills that the company and role are seeking then it will still not be enough for us to get hired. Skills are essential in finding work or even just starting our own career journey to be professionals. Having various skills gives such an advantage especially since competition is everywhere.
In developing countries, some companies may ask for a diploma to apply for a job and the higher the education we have, the more likely we are to get a good job. This is different from developed countries, they are more likely to look at individual skills before accepting a job. However, skills and abilities are important to make it easier for us to find work, even though the work is not in an office where we have to stay at regular working like hours.but honestly having degree is just as important as having skills, otherwise you won't even get noticed by the HR.
its just how it is, there's reason why everyone is getting degree, not because its just fancy certificate to have, but because HR in company selects based on latest education.
and to show some skills are done after the you got accepted into the company, getting accepted is the difficult thing.
though its different in IT field where usually you gonna have job interview first hand that test out your technical skills.
If you work in an office, it may be true that skills and degrees are equally important, but if you work in the IT field, perhaps skills are the main thing you look at. Differences in needs are adjusted and if the target is to work in an office, a degree/diploma is very necessary as a requirement. But nowadays there are many jobs that require skills even though our education is not high. its just how it is, there's reason why everyone is getting degree, not because its just fancy certificate to have, but because HR in company selects based on latest education.
and to show some skills are done after the you got accepted into the company, getting accepted is the difficult thing.
though its different in IT field where usually you gonna have job interview first hand that test out your technical skills.
Qualities only to get a degree is not enough because if someone does not have skills will make it difficult for them to survive. Any work sector requires skills
Good point on this one. No matter how flashy our CV is, especially with our background in education, if the skills we have don't fit the required skills that the company and role are seeking then it will still not be enough for us to get hired. Skills are essential in finding work or even just starting our own career journey to be professionals. Having various skills gives such an advantage especially since competition is everywhere. its just how it is, there's reason why everyone is getting degree, not because its just fancy certificate to have, but because HR in company selects based on latest education.
and to show some skills are done after the you got accepted into the company, getting accepted is the difficult thing.
though its different in IT field where usually you gonna have job interview first hand that test out your technical skills.
Qualities only to get a degree is not enough because if someone does not have skills will make it difficult for them to survive. Any work sector requires skills
Good point on this one. No matter how flashy our CV is, especially with our background in education, if the skills we have don't fit the required skills that the company and role are seeking then it will still not be enough for us to get hired. Skills are essential in finding work or even just starting our own career journey to be professionals. Having various skills gives such an advantage especially since competition is everywhere. 
Yes in business or real life one needs to set up a reserve balance, this way When challenges happen along the line, you have something to fall back on and that way it will make the impact of the challenges to be less on you and won't take away from you capital as a business person, or pushing you into debt just to pass through such challenging phase on the long run, and more also having multiple sources of income os another great way to keep yourself prepared ahead for any possible financial problem that may come along your way.
Reserve funds and emergency funds are really needed when doing business or dealing with our financial pressures. Business profits should not be used for personal needs, use this as our reserve fund in business. Meanwhile, the emergency fund is the financial foundation and debt is also the main thing that must be paid so that the interest does not increase and after the debt is paid off, the emergency fund needs to be replenished.That's right, to keep our finances stable we must have many sources of income. Moreover, looking for additional money in this era is very easy, like business in today's digital era is very easy because without capital and without having a place of business or even products and services, we can do closing sales or marketing, namely selling or marketing people's goods and services. people who run businesses.
For example, you can promote your friends, relatives or traders in the market by becoming a delivery courier as an excess wage/profit.
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Having financial freedom and independence go a long way to how one survives through any economic situation and what the impact of such will be on the financial well-being of that individual.
Everyone wants to have financial freedom so they can survive in any condition. To achieve this we must be able to manage the time to work hard while there is an opportunity because nothing is impossible if there is a will. Work hard on business and investments. Just like iron, which can easily be bent or shaped when it is hot and red, this is how important motivation and inspiration are, which will make us passionately hot so we can go all out in taking action to achieve financial freedom in the future. The main concern is that technology is advancing at a very rapid pace, going to college and getting a degree won't cut it anymore. You need to constantly be advancing your skills and keep on acquiring new knowledge. With that being said, it's quite stressful to think that we're easily replaceable. I studied economics and IT isn't exactly my field. Statistics is my strong point so I'm considering to be invested into data analysis, an advancing sector which is also usually offered remotely.
Qualities only to get a degree is not enough because if someone does not have skills will make it difficult for them to survive. Any work sector requires skills to make us calculated and technology that has been developed many things that can be utilized to make money, depending on the skills we have as supporters. Whatever fields are controlled can make money, but we must dare to take the risk of implementing it.I prefer the economic field as a runway to make money and there are many small businesses that I have built even though many have failed. What makes me like the economic field because we can become the owner of my own business even though the scope of the business that we build is still relatively small and I am typical of people who do not like dictated so that working in its own way is much more comfortable.
This is why it would really be that ideal that you should have multiple income sources rather than on focusing one. Spending on needs and expenses would definitely be that affect you out so badly
and if you dont like on being shorted when it comes to budget or you do find out that its already not that enough then it would really be just that right on what are the things that you must do.
Having financial freedom and independence go a long way to how one survives through any economic situation and what the impact of such will be on the financial well-being of that individual.
For me, apart from the economy, we must also pay attention to health, because how many people end up having to suffer because of their health problems. We really need to pay attention to things like this too.
This is why it would really be that ideal that you should have multiple income sources rather than on focusing one. Spending on needs and expenses would definitely be that affect you out so badly
and if you dont like on being shorted when it comes to budget or you do find out that its already not that enough then it would really be just that right on what are the things that you must do.
Having financial freedom and independence go a long way to how one survives through any economic situation and what the impact of such will be on the financial well-being of that individual.
It is not really easy and that is because we only read and hear success stories of businessmen that were already successful in the paths that they took. But if you'll ask them how they've been through, they'll answer you honestly that it is not easy.
Yes, giving a business a long time to build up before expecting a return on investment is very important as a sustenance of the business because during that time, the business will be able to build up enough liquidity that will propel its future suitability and also geared the business towards a successful part along the line. Although the part of being an easy aspect comes from the ability of the business owner to remain consistent and meet up with the business's daily demands and at some point the economic challenges that affects some business may be external forces such as government regulations that have a direct impact on your area of business, so in all sense of it requires hard works, resilience and other attributes to be able to stay ahead in business.
You need to allow yourself to learn more about the business and anticipate all the possible impacts a single mistake can harm you
with your investment, you need to allow yourself to be more productive and not just stagnant and just waiting for the outcome,
Extra efforts to learn and execute those learnings to make sure that it will help, financial stress is always present you just need to have
that ways to escape and not to let that stress to dominate but more on being productive to help yourself, either in business
or whatever investment you participate with your money.
really that prepared on the time that problems do happen. We know that problems or challenges in life is something that it is really that inevitable which therefore we should really be having that kind of back up plan so that we would really be able to handle up such situation without really that wrecking ourselves or really that ending up on whining and crying. It is really just that very common about financial problem nowadays considering that economy becomes worst as years passing by plus with those inflations and other correlated things becomes even more severe.
This is why it would really be that ideal that you should have multiple income sources rather than on focusing one. Spending on needs and expenses would definitely be that affect you out so badly
and if you dont like on being shorted when it comes to budget or you do find out that its already not that enough then it would really be just that right on what are the things that you must do.
The problem is that the life we live now is increasingly worsening economic conditions and it is quite difficult for us to get a decent job if we don't have the skills. An ideal life that can fulfill daily needs is sufficient for some people because not everyone can achieve a luxurious lifestyle. Without work we cannot provide for our families and this is caused by the economic chaos we are facing and the unemployment rate is also increasing every day. Crime also increases when people cannot earn money for their needs because people can no longer think clearly when their lives become increasingly chaotic.
Even if they are not better than the IT and technology sectors, at least they can make money even if the income is small. For me it is better to earn a small amount of money in a stable manner than not earning anything and in my area this kind of work is still a part of being able to meet the needs of people who have not so big responsibilities.
The main concern is that technology is advancing at a very rapid pace, going to college and getting a degree won't cut it anymore. You need to constantly be advancing your skills and keep on acquiring new knowledge. With that being said, it's quite stressful to think that we're easily replaceable. I studied economics and IT isn't exactly my field. Statistics is my strong point so I'm considering to be invested into data analysis, an advancing sector which is also usually offered remotely.Even if they are not better than the IT and technology sectors, at least they can make money even if the income is small. For me it is better to earn a small amount of money in a stable manner than not earning anything and in my area this kind of work is still a part of being able to meet the needs of people who have not so big responsibilities.
I live in a country which does not treat their people like worthless livestock. If I were to lose all my money, my housing and my job, then my country would cover my health insurance, housing, living costs and even free mental health therapy. So I would not go into a state of desperation just because I have fallen on financially hard times. Personally, I am all for socialist democracy. I would rather give up half of my paycheck and never have to worry about having third-world, stone-age survival inconveniences because unconditional greed is considered to be a good thing for some reason... But most people barely know the difference between socialism and communism and they associate anything which might implicate fairness and sharing as communist (I am against communism. Because it provably has never worked).
You're lucky, they wouldn't even bother if you die of hunger here, not to mention how many casualties have been caused by government ignorance and corruption. My main question is why people ignore such situations and vote for them again. I don't think that any political party is going to save us, but the current one is a complete nightmare. It definitely isn't the best time to be alive. I'm not sure if times were ever ideal, but I believe that in the past it was easier to afford a more comfortable lifestyle, especially for families. Nowadays, when two people are barely saving any money aside, it's practically impossible to stand on their feet and have children that you can provide for.
I don't believe that there's any sector except IT and technology that are in a better position right now, but both of the two aren't feasible for the average worker. The service section will always need working hands, but it's common to face poor salaries and unpleasant working conditions.
The problem is that the life we live now is increasingly worsening economic conditions and it is quite difficult for us to get a decent job if we don't have the skills. An ideal life that can fulfill daily needs is sufficient for some people because not everyone can achieve a luxurious lifestyle. Without work we cannot provide for our families and this is caused by the economic chaos we are facing and the unemployment rate is also increasing every day. Crime also increases when people cannot earn money for their needs because people can no longer think clearly when their lives become increasingly chaotic.I don't believe that there's any sector except IT and technology that are in a better position right now, but both of the two aren't feasible for the average worker. The service section will always need working hands, but it's common to face poor salaries and unpleasant working conditions.
Even if they are not better than the IT and technology sectors, at least they can make money even if the income is small. For me it is better to earn a small amount of money in a stable manner than not earning anything and in my area this kind of work is still a part of being able to meet the needs of people who have not so big responsibilities.
It is not really easy and that is because we only read and hear success stories of businessmen that were already successful in the paths that they took. But if you'll ask them how they've been through, they'll answer you honestly that it is not easy.
Yes, giving a business a long time to build up before expecting a return on investment is very important as a sustenance of the business because during that time, the business will be able to build up enough liquidity that will propel its future suitability and also geared the business towards a successful part along the line. Although the part of being an easy aspect comes from the ability of the business owner to remain consistent and meet up with the business's daily demands and at some point the economic challenges that affects some business may be external forces such as government regulations that have a direct impact on your area of business, so in all sense of it requires hard works, resilience and other attributes to be able to stay ahead in business.
You need to allow yourself to learn more about the business and anticipate all the possible impacts a single mistake can harm you
with your investment, you need to allow yourself to be more productive and not just stagnant and just waiting for the outcome,
Extra efforts to learn and execute those learnings to make sure that it will help, financial stress is always present you just need to have
that ways to escape and not to let that stress to dominate but more on being productive to help yourself, either in business
or whatever investment you participate with your money.
Economic and financial conditions are of course increasingly difficult to predict, many types of investments going bankrupt means we cannot depend on one or two types of investments, continuing to look for business and investment opportunities is important for our finances to continue to improve.
What investment do you really think is worth it today to look into that can guarantee a return? It is now as of bitcoin is more preferably better than all the available options, I don't think if anyone have invested any of the investments exclusive of bitcoin that has made a remarkable profit, it has been loses from different angles, we need more good investment securities because these ones are not making sense again.
In the time we are facing now, Bitcoin is not the only thing that can give us a return that is good. There is also something else in traditional business; even if it is only a small business, it can be grown as long as you are hardworking and patient and know how to manage the business correctly. you want at this time.
Bitcoin is actually good for long-term investors who just have to wait and hold it until the bull run arrives before selling it. This is the beauty of Bitcoin, which is why it attracts other investors as well. Even though there is risk, it depends on you, of course.
I'm stressed but I try not to think about it. So far I'm not in debt, so there's nobody coming after me. Worst case scenario I won't be able to buy the things I want, travel to places I want and have fun as much as I want. I have enough money saved up to have food and shelter for years and things will get better in a decade. I don't we'll be in this post-covid situation OP is talking about for more than a year.
Then there's hope that bitcoin gives me. Even when I feel like I have no money, I know that I still have a lot saved up in bitcoin and the upcoming halving puts a smile on my face every time.
Then there's hope that bitcoin gives me. Even when I feel like I have no money, I know that I still have a lot saved up in bitcoin and the upcoming halving puts a smile on my face every time.
The past few years after COVID-19 have been the absolute worst; everything keeps rising—petrol, daily groceries, electricity, housing—to the point where you're barely making ends meet. Just to imagine, I've been looking for an apartment for over 6 months and haven't found anything yet. Not only is there a very limited supply, but those available are either too expensive, poor, too small, or everything combined. Thus, this is creating a huge feeling of uncertainty, as time is running out and I need to get settled down. Renting outside of town in the nearby villages isn't ideal either, because petrol is way too expensive.
I'm not sure if anyone else feels the same, but this uncertainty with the increasing living costs and the ongoing rat race is causing me excessive stress. On top of that, moving out of the country doesn't seem ideal either, because most European cities are also suffering similar conditions, along with an extensive immigrant crisis (see France, Italy, Germany, and the UK). I'd be interested in remote working, but the economics field I've studied at university isn't in high demand for remote working, which often recruits IT workers and generally fields that require hands-on experience. As soon as I'm settled down, I'm considering taking up a data analysis course and finishing my master's degree in order to look for more opportunities abroad.
I don't know, but each year seems progressively worse. It wasn't that bad before COVID-19; now it's the ultimate worst I've seen, and it's about to deteriorate even further. Thankfully, this forum has been a blessing and probably the only thing giving me hope, as it has resulted in me making a decent sum of money in the process. I'm yet to start looking for a job, but salaries are relatively low, despite the increased cost of living. To make matters worse, excessive weather conditions due to climate change are happening way more often now, causing floods and wildfires and destroying everything in their path. See Libya, Greece, Italy, Spain, and many more examples.
Maybe I'm stressing out too much because I'm yet to find proper housing to establish myself again after being away for over a year in the military. I'm generally an anxious person myself, but does anyone else feel the same, and how do you deal with it? How do you stay optimistic?
I'm not sure if anyone else feels the same, but this uncertainty with the increasing living costs and the ongoing rat race is causing me excessive stress. On top of that, moving out of the country doesn't seem ideal either, because most European cities are also suffering similar conditions, along with an extensive immigrant crisis (see France, Italy, Germany, and the UK). I'd be interested in remote working, but the economics field I've studied at university isn't in high demand for remote working, which often recruits IT workers and generally fields that require hands-on experience. As soon as I'm settled down, I'm considering taking up a data analysis course and finishing my master's degree in order to look for more opportunities abroad.
I don't know, but each year seems progressively worse. It wasn't that bad before COVID-19; now it's the ultimate worst I've seen, and it's about to deteriorate even further. Thankfully, this forum has been a blessing and probably the only thing giving me hope, as it has resulted in me making a decent sum of money in the process. I'm yet to start looking for a job, but salaries are relatively low, despite the increased cost of living. To make matters worse, excessive weather conditions due to climate change are happening way more often now, causing floods and wildfires and destroying everything in their path. See Libya, Greece, Italy, Spain, and many more examples.
Maybe I'm stressing out too much because I'm yet to find proper housing to establish myself again after being away for over a year in the military. I'm generally an anxious person myself, but does anyone else feel the same, and how do you deal with it? How do you stay optimistic?
Since the insurgency of the pandemic everything else concerning financial stability have derailed and yes everything keeps rising and making it unbearable for many who can't afford any of their needs and wants.
I can remember vividly how everyone have to live from spoon to mouth just to survive during the pandemic.but after which we presume everything would be better but now the worse and it keeps unfolding.
We can really come out of this financial mess and stress if we indulge ourselves in alot of things that's keeping us busy,earning us a living than rather being idle.
Because the nation and the people in it only becomes better and survive if they have a source of livelihood.
The past few years after COVID-19 have been the absolute worst; everything keeps rising—petrol, daily groceries, electricity, housing—to the point where you're barely making ends meet. Just to imagine, I've been looking for an apartment for over 6 months and haven't found anything yet. Not only is there a very limited supply, but those available are either too expensive, poor, too small, or everything combined. Thus, this is creating a huge feeling of uncertainty, as time is running out and I need to get settled down. Renting outside of town in the nearby villages isn't ideal either, because petrol is way too expensive.
I'm not sure if anyone else feels the same, but this uncertainty with the increasing living costs and the ongoing rat race is causing me excessive stress. On top of that, moving out of the country doesn't seem ideal either, because most European cities are also suffering similar conditions, along with an extensive immigrant crisis (see France, Italy, Germany, and the UK). I'd be interested in remote working, but the economics field I've studied at university isn't in high demand for remote working, which often recruits IT workers and generally fields that require hands-on experience. As soon as I'm settled down, I'm considering taking up a data analysis course and finishing my master's degree in order to look for more opportunities abroad.
I don't know, but each year seems progressively worse. It wasn't that bad before COVID-19; now it's the ultimate worst I've seen, and it's about to deteriorate even further. Thankfully, this forum has been a blessing and probably the only thing giving me hope, as it has resulted in me making a decent sum of money in the process. I'm yet to start looking for a job, but salaries are relatively low, despite the increased cost of living. To make matters worse, excessive weather conditions due to climate change are happening way more often now, causing floods and wildfires and destroying everything in their path. See Libya, Greece, Italy, Spain, and many more examples.
Maybe I'm stressing out too much because I'm yet to find proper housing to establish myself again after being away for over a year in the military. I'm generally an anxious person myself, but does anyone else feel the same, and how do you deal with it? How do you stay optimistic?
I'm not sure if anyone else feels the same, but this uncertainty with the increasing living costs and the ongoing rat race is causing me excessive stress. On top of that, moving out of the country doesn't seem ideal either, because most European cities are also suffering similar conditions, along with an extensive immigrant crisis (see France, Italy, Germany, and the UK). I'd be interested in remote working, but the economics field I've studied at university isn't in high demand for remote working, which often recruits IT workers and generally fields that require hands-on experience. As soon as I'm settled down, I'm considering taking up a data analysis course and finishing my master's degree in order to look for more opportunities abroad.
I don't know, but each year seems progressively worse. It wasn't that bad before COVID-19; now it's the ultimate worst I've seen, and it's about to deteriorate even further. Thankfully, this forum has been a blessing and probably the only thing giving me hope, as it has resulted in me making a decent sum of money in the process. I'm yet to start looking for a job, but salaries are relatively low, despite the increased cost of living. To make matters worse, excessive weather conditions due to climate change are happening way more often now, causing floods and wildfires and destroying everything in their path. See Libya, Greece, Italy, Spain, and many more examples.
Maybe I'm stressing out too much because I'm yet to find proper housing to establish myself again after being away for over a year in the military. I'm generally an anxious person myself, but does anyone else feel the same, and how do you deal with it? How do you stay optimistic?
Since Corona came, prices of everything have increased. In my country, when Corona Show up, we have been bathing in salt times so we can avoid being affected. Since then, it has been extremely difficult for the poor to survive because of the high cost of living. However, no matter how bad the economy is, I believe there would still be a house worth the amount you are planning to buy. I don't know your economy but is it that hard to have accommodations? Over 6 months now i guess you were not looking around and look for it. As you decided to settle down,it was a nice i idea because economy is getting worst day by day.
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it is impossible for us to do a side job that will affect our physical condition or even affect our main job.
The aim and purpose of working on the side is to help increase income without any effects, and it is true that in Crypto it can really help, we don't need to spend a lot of time and it can be done anywhere without affecting physical health and certainly won't interfere with the main job.
The aim and purpose of working on the side is to help increase income without any effects, and it is true that in Crypto it can really help, we don't need to spend a lot of time and it can be done anywhere without affecting physical health and certainly won't interfere with the main job.
Not all side hustles affect the real job, but it all depends on how the person handles both jobs and decides for themselves if they will allow the job they took as a side hustle to affect their real job. There are people who are employees of a job that they are only working five hours per day, and they could still get an extra job as a side hustle, which they can work for an extra four hours before they close for that day. Some hustles could also be an online job that doesn't really take their full attention off of their real job. In terms of crypto, like you said, some people too are trading after they are off from work. Although they might still lose on the trades, they'll always get some profits too.
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