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Topic: Invest on your dependants if you too must grow further - page 2. (Read 1504 times)

hero member
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If you want to keep yourself successful, you should also make people around you self-reliant. Because it is not possible to maintain a good position by earning a single income in the family. Because it is difficult to manage a family with a single income in today's era.  If everyone in the family earns, then it is easy for everyone to maintain it. Also, if everyone around you is poor, if you alone are rich, it is not possible to maintain that wealth for long.
Yes, what you said is very true. If we want to continue to be successful, we must be able to make the people closest to us become more advanced and have good thoughts about finances. Because if you are the only one who is the backbone of income generation in a family then whatever wealth you have will not last long.

So, according to the title written by the OP, make your dependents an investment for the future. It's not just about money but also education and knowledge. Teach them to earn money, not give money because this will make them not develop and even tend to be lazy.

Once you're a survival and the breadwinner of the family where there's no prominent family member to also support as much as you're taking proper responsibilities on them, it becomes a setback to your way forward because your savings that's supposed to increase your incomes would be spent on the family needs which becomes much stress and task full to account growths Instead you'd keep to depreciate in your income.
So, the better you create amenities on how some of the family members can earn money on their own is more responsibility stresses is relieved on you.

There is nothing wrong when we try to help others make money because it will help them live a more comfortable, free life without having to depend on others. But my question is in your family, are you the breadwinner and who is depending on you? Like my family, besides my wife, I also have 2 small children and my parents. So is it my burden to shoulder the responsibility of making money to support my family? And should I teach someone how to make money to help me in this case? My 2 children are both under 10 years old, my parents are old and cannot work, my wife is a housewife and is the only person taking care of my whole family.

Don't think that making money to support your family is a burden or an obstacle on our path to success. Because without them, we wouldn't be here today.

And if in your family there are other adult members who are in good health but are lazy and refuse to work. With those types of people, you should cut off your attention to them because that is not your responsibility, your responsibility is to your wife, children and parents, not to adults and people who are healthy but lazy to work.
member
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There is a popular quote that says until everyone around you is rich then your still poor. It's same thing here with your concept, we must always elevate the people around us to be free financially, if you're the only person free financially it turns out that you will not still be free in a short time because you will tend to lift all the bills from your household on yourself which I consider as same as suicide.

If you want to be successful then your people have to be successful, you have to take care of your family, friends etc that as so dear to you to the next level for you to go more high. In general we should always extend our hands to people who needs it as it will guarantee our success too.
Well quoted dear mate, no one is rich unless everybody around him or her is rich. there is always needed to invest in another person even if the person is not your dependent. human investment is the highest investment someone can venture into because it brings excessive returns, no one predicts the future and that is why we should consider investing in our fellow human beings because the hands-of clock can turn negatively tomorrow, and the person will stand as your backbone. if you must grow just like the op said we should consider helping our dependent especially when we are the breadwinners of the family, family problems are so numerous that we cannot get rid of them alone without the help of another person. And if you really want to be successful and succeed in life, we have to take care of our family needs first if not you cannot have rest of mind and that is why it is very advisable to share responsibilities among your siblings by investing in them to be financially stable so as to help you reduce your level of spending.
sr. member
Activity: 1022
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Doing financially well as a breadwinner in your family is not sufficient enough to encourage your financial growth or stability when you don't optimize to make provisions on how your dependants can also stay financially independent to themselves because over billing can actually weigh your aiming down.
Being the breadwinner in the family and even being the only person who can earn money at that time is not an easy thing to accept because all the burdens in the house will depend on you, and this often happens in poor and developing countries because it is difficult to get a job, so it is something that is common, making them independent so they can also earn is a much more difficult thing because they may think that we don't like being the breadwinner in the house, but I agree that this must be done, because with more people they can earn in one house, the family's economic future will be much better because they can manage things well, including investing.
Yes, it's not that easy to be a breadwinner in a family, there are times when we feel tired but the only fulfillment we can experience is when we see that your family appreciates all the help and sacrifices you make, but of course not we will also let our family always rely on us, they need to be taught or given something to do that will help so that income will come into your family, mostly the breadwinners, we are mistaken for being savages, stubborn and strict but that is also for the good of our family, so that while still early, they know that they need to learn in life so that in the future you will all be able to help each other when needed.
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If you want to keep yourself successful, you should also make people around you self-reliant. Because it is not possible to maintain a good position by earning a single income in the family. Because it is difficult to manage a family with a single income in today's era.  If everyone in the family earns, then it is easy for everyone to maintain it. Also, if everyone around you is poor, if you alone are rich, it is not possible to maintain that wealth for long.
Yes, what you said is very true. If we want to continue to be successful, we must be able to make the people closest to us become more advanced and have good thoughts about finances. Because if you are the only one who is the backbone of income generation in a family then whatever wealth you have will not last long.

So, according to the title written by the OP, make your dependents an investment for the future. It's not just about money but also education and knowledge. Teach them to earn money, not give money because this will make them not develop and even tend to be lazy.

Once you're a survival and the breadwinner of the family where there's no prominent family member to also support as much as you're taking proper responsibilities on them, it becomes a setback to your way forward because your savings that's supposed to increase your incomes would be spent on the family needs which becomes much stress and task full to account growths Instead you'd keep to depreciate in your income.
So, the better you create amenities on how some of the family members can earn money on their own is more responsibility stresses is relieved on you.
Yes OP, the person who is the only person in the family and lives on a fixed income knows how difficult it is to lead a life. Such a situation puts a lot of pressure on his savings and investments. Which becomes the main obstacle in the way of its development. So if that person can use creativity to make any other member of the family earn, then his mental condition will improve as well as economic progress will be accelerated. So if people can be included in creative business activities depending on the needs of the people around then it will be very helpful for the economy of their family.
sr. member
Activity: 1097
Merit: 310
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If you are a business owner, you definitely have the blood of being an investor as well. So, aside from doing stuff from your business. You also have to do things that are more of your passion and likes like investing in crypto assets. We all want to get a better life and that's why we're investing to anything that we think that's going to be worth it someday and not just to dependents of ours as we also try to teach them what we've discovered and learned from investing.

If we can keep investing in crypto assets besides working, it can bring good things for our future. Smart people are always interested in investing in crypto assets. Because they know that the value of crypto assets will increase several times in few years. In these times.  Those who can keep investing can earn good profits in few years. So we should use these times to invest.
full member
Activity: 350
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If you want to keep yourself successful, you should also make people around you self-reliant. Because it is not possible to maintain a good position by earning a single income in the family. Because it is difficult to manage a family with a single income in today's era.  If everyone in the family earns, then it is easy for everyone to maintain it. Also, if everyone around you is poor, if you alone are rich, it is not possible to maintain that wealth for long.
Yes, what you said is very true. If we want to continue to be successful, we must be able to make the people closest to us become more advanced and have good thoughts about finances. Because if you are the only one who is the backbone of income generation in a family then whatever wealth you have will not last long.

So, according to the title written by the OP, make your dependents an investment for the future. It's not just about money but also education and knowledge. Teach them to earn money, not give money because this will make them not develop and even tend to be lazy.

Once you're a survival and the breadwinner of the family where there's no prominent family member to also support as much as you're taking proper responsibilities on them, it becomes a setback to your way forward because your savings that's supposed to increase your incomes would be spent on the family needs which becomes much stress and task full to account growths Instead you'd keep to depreciate in your income.
So, the better you create amenities on how some of the family members can earn money on their own is more responsibility stresses is relieved on you.
sr. member
Activity: 1022
Merit: 277
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I think more of African people would understand this better where economy system can be so hard and the people struggles to make living and add values to their lives while those opportuned to breakthrough those hard times are being overweighted to grow higher due to responsibility surrounding them.
No matter the amount of money you are earning, if people around you are not earning any amount and they depend on you, then you just one step away from poverty because I don’t think you can be able to save some for rainy days. The best way to be financially stable is to have various streams of income and also look for opportunities for people around you that depend on you so that they can be taking care of themselves and you will have the chance to be financially stable.

For people working and depending only on salary, they are always not financially stable because the amount been paid is small and most of the money will be used to take care of their needs, which means there is no room for investment.

The best thing to do is to go into tech and learn skills that you can do and get paid, join it with your physical work payment to earn survula.
Exactly. But if the family is doing teamwork I think they have the potential to save or invest on something that might give a passive income. But yeah acquiring special skills will be the best thing here since nowadays it is on demand domestically and overseas and it pays higher salary. And based on observation here in my country BPO is booming and most successful people that live here are from that industry aside from those who are hunting for foreigners. 😅

That's only applicable if you have a responsible and determined family members, like they will push each of you to prioritize financial independency and being financially literate so all of you will benefit. Having some digital expertise and skills nowadays is something that are very indemand especially now that we're living in digital era, it's an edge if we have some skills that might help us to gain passive income or even a permanent job with high paying offer and same to what you've said, BPO is one of the popular and indemand work for today's generation
hero member
Activity: 3080
Merit: 603
Exactly. But if the family is doing teamwork I think they have the potential to save or invest on something that might give a passive income.
It's rare to see a family that sticks together. I know that Chinese people are like this and they're helping each of their family member but in most nations, you rarely see this kind of orientation for each family.

But yeah acquiring special skills will be the best thing here since nowadays it is on demand domestically and overseas and it pays higher salary. And based on observation here in my country BPO is booming and most successful people that live here are from that industry aside from those who are hunting for foreigners. 😅
The digital market is booming and it's going to grow more because everything is set to be digital. The economy that's being done through it isn't getting smaller but bigger. It is said that this industry will grow up $800B on 2026, that's what at least I have read but it can be more than that.
sr. member
Activity: 1736
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I think more of African people would understand this better where economy system can be so hard and the people struggles to make living and add values to their lives while those opportuned to breakthrough those hard times are being overweighted to grow higher due to responsibility surrounding them.
No matter the amount of money you are earning, if people around you are not earning any amount and they depend on you, then you just one step away from poverty because I don’t think you can be able to save some for rainy days. The best way to be financially stable is to have various streams of income and also look for opportunities for people around you that depend on you so that they can be taking care of themselves and you will have the chance to be financially stable.

For people working and depending only on salary, they are always not financially stable because the amount been paid is small and most of the money will be used to take care of their needs, which means there is no room for investment.

The best thing to do is to go into tech and learn skills that you can do and get paid, join it with your physical work payment to earn survula.
Exactly. But if the family is doing teamwork I think they have the potential to save or invest on something that might give a passive income. But yeah acquiring special skills will be the best thing here since nowadays it is on demand domestically and overseas and it pays higher salary. And based on observation here in my country BPO is booming and most successful people that live here are from that industry aside from those who are hunting for foreigners. 😅
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It is certainly necessary to help dependents find their way in life and be able to earn money. Various events happen in life and you should always be prepared for the saddest ones. Your family will not be able to survive in this world if it does not know and be able to earn money for itself. If you have the opportunity to help some members of your family start their own business, it will be very good. Unless they're old sick people...
It is good that people are self-reliant in our society but there is some shortage. If they think and implement a new business with their family members it will be very supportive for them. But yes it will be better if there are no elderly children and sick people. If the whole family can do together the work that is difficult for one person then his burden will be much lighter and peace will come to the family.
There are many ideas and things which can happen around the family but for the better implementation and having good results we need to be had fair and honest mind-set as well because recently we are having too many things which are not helpful for the families to grow and have financial independence because we are losing communication and having no get together which is helpful for the all family to grow and have better ideas for the independence in finances which are now creating negativity.

Here in our country now things are going from bad to worse as we are already near to broken as nation due to divide and rule policies by few groups which are not helpful, and they are trying to break strong family's system which are working around for the decades.
Yes it is actually a bit difficult to build something together with due to lack of family people and negativity of people around, as per your information. I agree with your opinion. But we will realize if we think about it that nothing is easy to get in this world. It requires sacrifice hard work an honest attitude and strong conviction to move forward.

One thing I have learned very well in life is that it is much easier to survive and succeed in any environment and situation if our focus is forward instead of looking at what is around our neck. Otherwise the thing on my neck would block my way forward. So we need the ability to convince family members and the strategy to convince people. Only then can we reach our desired goal beautifully.
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The solution is to balance expenses with income. No matter how big your income is, if you can't control your expenses your financial condition will never improve. and the most important thing is how you can save for capital to start a business because by doing business your finances will improve. Start by training yourself to live frugally by buying things according to your needs, not for your lifestyle.
N.O
full member
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In my country, there is a saying: don't give fish to a person in need; it may fill his stomach for the day. Instead, teach him how to fish, which will give him the will to survive and meet his needs. Not many people do this because they feel insecure. Maybe the person whom they taught can grow higher than them in wealth. A similar thing is being mentioned in the OP, just our growth isn't going to make a big change. The change needs to take place in a coordinated manner. If a man has grown, his surroundings should also experience the growth. This will make a transition in society, and when the same happens within a family, the better development of the family can be felt.
Right, In my country,most people want to get success by pressing poor people.If they are skilled in something,they will not teach to anybody because of the fear of getting less value after teaching him . Always, students become more successful than the teachers and that hurt them. But I am in the favour of teaching to the people if I knows about anything and that is the single way to change the society. If am not only talking about the money but I want to teach all aspects of life. Money is most important in my priority list and we can give skills to the youngesters.
legendary
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In my country, there is a saying: don't give fish to a person in need; it may fill his stomach for the day. Instead, teach him how to fish, which will give him the will to survive and meet his needs. Not many people do this because they feel insecure. Maybe the person whom they taught can grow higher than them in wealth. A similar thing is being mentioned in the OP, just our growth isn't going to make a big change. The change needs to take place in a coordinated manner. If a man has grown, his surroundings should also experience the growth. This will make a transition in society, and when the same happens within a family, the better development of the family can be felt.
sr. member
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It is certainly necessary to help dependents find their way in life and be able to earn money. Various events happen in life and you should always be prepared for the saddest ones. Your family will not be able to survive in this world if it does not know and be able to earn money for itself. If you have the opportunity to help some members of your family start their own business, it will be very good. Unless they're old sick people...
Preparing family members to be able to have an income so that they can survive is our responsibility as parents so that in the future they can be more responsible for other family members and sharing the experiences we have in looking for work will certainly be a motivation for them to keep trying to get a job that can provide income to meet their needs. If you have enough capital, there is no harm in helping family members in building a business, but they must first show interest so that they can use what we have helped and this will also give us satisfaction because we can help them.
hero member
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As the saying goes, "Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime."  Empowering our family members with the skills and knowledge to be self-sufficient financially is a far more sustainable and impactful approach than simply providing for their immediate needs.

One valuable lesson we can impart is the power of delegation.  By learning to delegate tasks or even hire others to do certain jobs, we free up our time and energy to focus on activities that generate more income. This mindset shift, away from the belief that we must do everything ourselves, opens up new opportunities for growth and success.
I do agree that saying, it is true that you could make a lot more money if you know a skill, compared to just getting paid once. You can give me as much as 100k dollars, which is nearly enough for retirement in my country, but I could still end up being broke if I do not know what to do with it all, I may lose it, or I would just simply spend it slowly and end up with nothing.

But if you teach me a way to make 1000 dollars a month for the next 30 years, then I will end up with no problems at all, I will do a lot better and the results will be greater, it would take me less than 9 years to make that money anyway, and I would be doing fine. That is the most important part, learning how to make money, so that you can keep doing it.
hero member
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Instead of being an investor with profit sharing, I tend to maximize my money by investing in businesses and assets in my own name.
There's a different approach being a profit sharer investor type and also being an owner of your own business. I prefer the latter but if I've got some friends or connection that has a trustworthy name on their own game of their business and offers something like this for profit sharing. I'll check first the legality of it before doing a deal and partnership with them. It's being an angel investor and you're also helping them to collect pool of funds for their business expansion or whatever business related use of that money.

I focus on investing in bitcoin and several other crypto assets, this gives me more returns than being an investor in other people's businesses. But of course it's good if we have both at the same time, that means you will have more sources of income.
If you are a business owner, you definitely have the blood of being an investor as well. So, aside from doing stuff from your business. You also have to do things that are more of your passion and likes like investing in crypto assets. We all want to get a better life and that's why we're investing to anything that we think that's going to be worth it someday and not just to dependents of ours as we also try to teach them what we've discovered and learned from investing.
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It is certainly necessary to help dependents find their way in life and be able to earn money. Various events happen in life and you should always be prepared for the saddest ones. Your family will not be able to survive in this world if it does not know and be able to earn money for itself. If you have the opportunity to help some members of your family start their own business, it will be very good. Unless they're old sick people...
It is good that people are self-reliant in our society but there is some shortage. If they think and implement a new business with their family members it will be very supportive for them. But yes it will be better if there are no elderly children and sick people. If the whole family can do together the work that is difficult for one person then his burden will be much lighter and peace will come to the family.
There are many ideas and things which can happen around the family but for the better implementation and having good results we need to be had fair and honest mind-set as well because recently we are having too many things which are not helpful for the families to grow and have financial independence because we are losing communication and having no get together which is helpful for the all family to grow and have better ideas for the independence in finances which are now creating negativity.

Here in our country now things are going from bad to worse as we are already near to broken as nation due to divide and rule policies by few groups which are not helpful, and they are trying to break strong family's system which are working around for the decades.
legendary
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It is indeed a smart move to invest on people who rely on you. A man who is wise should always understand this that everyone that comes around you or benefits from you should one way or the other contributing something important into your life. It shouldn't be a criteria but you can make them be useful to you without them noticing. If we do not want to invest in them we can possibly give them a task to do which might have take more time from us if we do them. Time is money and the more time we have the more money we can make.

One simple step to do this is to teach them how to make some money or set up a business that they would be managing for you so that they are not only dependent on you but they are working for you and your paying them which is fair enough.
Becoming a financier for other people's businesses with a profit sharing system is basically quite popular with people. I've considered this before, but definitely have to be very careful when making a decision. I once wanted to invest my money in a jewelry shop with profit sharing at the end of the year, but that never happened after I analyzed the possibilities and risks involved.

Instead of being an investor with profit sharing, I tend to maximize my money by investing in businesses and assets in my own name. I focus on investing in bitcoin and several other crypto assets, this gives me more returns than being an investor in other people's businesses. But of course it's good if we have both at the same time, that means you will have more sources of income.
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It is certainly necessary to help dependents find their way in life and be able to earn money. Various events happen in life and you should always be prepared for the saddest ones. Your family will not be able to survive in this world if it does not know and be able to earn money for itself. If you have the opportunity to help some members of your family start their own business, it will be very good. Unless they're old sick people...
It is good that people are self-reliant in our society but there is some shortage. If they think and implement a new business with their family members it will be very supportive for them. But yes it will be better if there are no elderly children and sick people. If the whole family can do together the work that is difficult for one person then his burden will be much lighter and peace will come to the family.
full member
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It is certainly necessary to help dependents find their way in life and be able to earn money. Various events happen in life and you should always be prepared for the saddest ones. Your family will not be able to survive in this world if it does not know and be able to earn money for itself. If you have the opportunity to help some members of your family start their own business, it will be very good. Unless they're old sick people...
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