Topic: How to thrive with low income in a humble area - part 2 - page 2. (Read 223 times)

Be open minded and go out from your comfort zone. If you can do that, you will start to discover that there are better jobs outside your 8-hour day job. As long as you have certain talents and skills you have developed, it will be easier for you to accept side hustles that will improve your way of living and will put you into a more financial progress and stability. So even if you are minimum wage earner, that won’t be a problem as you have side hustles that you can rely too and that can provide you additional income enough not to struggle financially.

I had a short stint selling food on top of my actual job, and I can tell you that it's no easy feat and would only work if you have a lot of free time in your hands at home and if you are really dedicated in what you do. I easily lost interest because the returns aren't that great, and the amount of time you have to spend preparing everything leaves you with little to no rest. Also, you need to buy and source the goods. If you really are that tight in money and can really use the extra income, it somewhat gives you something, but for me it isn't really worth the hassle at all.

This looked too much like a basic, how to make money or how to survive thread 101. Reason being in a humble area with low income it'll be impossible for you to "import" anything into the country. Such things are only possible for people who are ordering in bulk and selling. The best thing that can be done is to play the wholesale to retail channel for food, but obviously that would require a complete full time attention so it's something you'll have to do full time, so it's good only if you don't have any other job.

I don't think that you can start earning money via signature campaigns immediately either, as first you have to rank up your account to at least Full Member rank (I don't know if there are any sig campaigns that accept lower rank than that) and that in the best case scenario takes at least ~4 months. So no matter what you chose, you will have to invest some time and effort.

Having said that, I've seen a lot of people from 3rd world countries working as Telegram/Discord admins so that seems like another option to earn extra income as it doesn't require any extra investment and its something that can be done on mobile phone. Big downside of almost every crypto related job (unless you are Solidity dev or something along those lines) is that it relies heavily on state of the market so in bear it might be much harder to find work.

Freelancing is a very good option when it comes to surviving in developing nations because when one receives payment in dollars it became huge when it is converted to the local currency. Some people in my country are surviving through these freelancing jobs. But sometimes some of them require some level of education or skills which many people lack. For those that are not literate learning a vocational or technical skill might be handy.

Also going into subsistent farming with low capital might assist financially. But the challenge in my locality is that most people want to get rich quickly, hence they are not willing to learn a skill. They prefer to engage in illegal activities that will give them quick money.

It's a lot easier to live in a humble area where your neighbors knew you than living in the city where if you are 40+ years old, you may not be able to find a job. In the humble area, say Wyoming you can just be a prepper who can plant veggies on a 300 sqm lot and catch fish in the lake. You will survive a lifetime with these skills while you will experience hardships even if you earn $50 a week in the city.

Yes, for those who have access to signature campaigns while living in such places it's a very profitable income, however spots are limited and scarce, so there must be another earnings methods for people who are also struggling and looking for opportunities, but can't think in anything feasible so far.

Besides signature campaigns, I don't know any other way people can start working immediately, anytime and without high proficiency in specific skills to make an income in crypto industry which doesn't involve high risks.

All of the suggestions are regarding the humble area, why keep it there? The world is getting more and more closer to each other thanks to internet and now that we have bitcoin even payments are easier to be done. I would highly suggest checking back o the suggestions that said you could earn a lot online, specially in the crypto business world. It was a serious suggestion, imagine living in a place that could spend 150 bucks a week to live a good life, and earning just 100 bucks from signature campaigns, that means you gotta make just 50 bucks a week to survive, and whatever on top of that should be profit. Now, I am not going to tell you its easy, but making more than 50 bucks a week? Thats quite possible, more than possible and you should be able to find how to do that if you search enough.

You need to be smart actually in order to earn as much as possible to thrive more to increase your income. Start to accept any kind of job that wouldn't put you in a prison to help yourself start saving even it is little. Then do some side hustles, a good character will help you to earn more even you're just a parking boy in a third world country for example.

A lot of side hustles are needed in order to more aside from being employed, because in a third world country for example, the bare minimum wage is not enough to be honest to live every single day.

Or take a small loan from a familiar or friend with low or non-interest rates, or like you said:

So this will proportionate initial financial conditions to invest on the methods presented on the two first examples.

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Yes, it has to be in high demand and be cheap, so you profit in the quantity sold to different people. I highlighted food, because it's in constant demand, so you can come back to the same person to sell again every few days or once in a week.

It was mentioned above how to acquire the money to start the methods. That is nothing impossible or from another world. Batches can be bought in small amounts, if there is little money available.

Can't agree anymore, I live in one of third world country where majority of people earn low wage and live in poor, many people doesn't want to buy and appreciate an unique craft, it make you wasting a lot time to earn low profit. I knew there are a lot craft man who's creating good wood craft, painting, and others, but their life are really poor and they can't change their life.

If you're poor and live in a poor country, if you want to change your life, you should work as a freelancer where your clients are from developed countries or you're move to the developed countries.

You contradict yourself. How can people who do not have a job, and therefore extra money to buy certain products, afford to buy them?
To organize any kind of sale of products, and I think you have semifinished products or baked goods, you must be sure that you can sell them. That is, the product will be in demand. And this product must be unique or very cheap, which again makes it meaningless to spend on it.
The same with the scheme: buy low, sell high. You didn't come up with this scheme. To buy a batch, you need money—free money. Does an unemployed person with a low standard of living have it? Anyone who wants to buy cheaper also knows the way to cheap markets, and in order to interest the buyer, your product must be very cheap.
I believe that the only way out is to enter the labor force. Selling yourself as a one-time wageworker is the most realistic way out.

On the previous thread, How to thrive with low income in a humble area, we have talked mainly about saving strategies in order to accumulate funds at the end of the month for investment purposes. However, to save money is only the first step towards prosperity.

It was pointed out income must be raised and built, since many are unemployed in such areas, therefore they can't save anything.

So, let's think together what people can do to build new sources of income, without the need of high educational backgrounds:

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Work with food manufacture: food is essential in every human beings' lives. You can buy raw materials, cook it and sell more expensive. Even though people don't have money to spare, they can't stop eating and many aren't willing to cook by themselves, so they do the sacrifice of spending on food.

Check what people are willing to buy for daily meals, and then if you can provide it to them.

You don't have to sell it expensive, anyway, so you will have more customers in a frequent basis. Sales can be done from door to door on the neighborhood or the entire city. Going to other cities with a large stock is also an idea, but fuel/tickets' costs must be taken into consideration.

Personal example: I bought manioc direct from the farmer producer. Washed it, peeled, cut, pre-cooked and freezed in packages of 0,5kg. Since meat is more expensive, people tend to prefer the manioc to replace it, due to low costs. So it's easy to sell.

Resell goods (also food): you can buy goods and even food cheaper and resell it from door to door with a profit margin for yourself. It's possible to import goods or buy from your country to resell. In my opinion this method is already saturated, because there are many importers, but with food it works better, if you have a quality, tasty product and can acquire it for cheap price.

Personal example: bought pieces of cheese (0,5kg) directly from producer to resell and put a competitive price compared to supermarkets' ones.

Develop a good relationship with the neighborhood and offer your handyman services: there might be earnings' opportunities where you least expect. If you have contact with people around and tell them you can execute tasks for extra income, they will call you at some point, especially elders who have more limitations. It can be to make a delivery, paint a room/wall, cleaning or maintenance services and so on...

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These are just few examples, but there are more ways to build an income in your area. If you don't have an initial investment, which is required for the first two examples above, you can try asking the seller for a payment period.