Topic: Which do you prefer - page 4. (Read 1453 times)

As we grow older we learn a lot and having freedom is one of them. It is not easy though since there will be a lot of trials to happen. But first things first, we need to have enough savings to start a business and another fund allocated in case our business won't work especially in the first few months of operation.

As for OP's case, she seems to have learned a lot of trading skills that enabled her to gain profits even if the market is not doing well. Pretty sure it's a tough way of earning money at least for most people like me. I also tried it before because I thought I could live a life through trading. 

I believe the answer to your question is obvious: you cannot compare a monthly salary with the money you make from trading; trading is based on performance, as you stated, but in the workplace, no one will value your work no matter how much you strive to kill yourself. Instead, it is preferable that you concentrate on trading and make money every day or every week. However, trading is based on your level of expertise rather than just your performance, mate. If you lack this level of expertise, I doubt you will be able to make any more money than you have been making from your monthly payment. Those who trade are very skilled and won't allow anything to happen to their trading fund. You also made the right decision by taking on additional work outside of your job because relying solely on monthly payments is dangerous because it leaves you without anything at all and increases the likelihood that you will run out of money to cover your expenses.

I think it depends on a certain individual.

Some people prefer sure money, that's why they wanted to have a job, keep it as long as possible if they are contented in their monthly salary or don't wanna leave their job because they are afraid that if they do, they will not find another job. Other people prefer their own source of income which they control their own time and pacing, and their selves are their own bosses, which I prefer.

For me, you're going to be more productive when you manage your own time and decisions to earn money as much as possible, but stress cannot be avoided since it's part of our lives.

In this age of financial awareness, many struggle with difficult realities. You're right about saving, but "enough" is a luxury for some. Saving can seem like a mirage when the budget barely meets living expenditures. What about debt? It often plays a silent role in financial survival. However, your argument concerning unforeseen bills is correct - life's unpredictability doesn't care about money balance. This leads to your business preference. It's a learning curve and offers autonomy, but isn't it riskier? How many start businesses only to discover reality tougher than expected? Does risk-reward balance seem like a tightrope?

Let's not ignore the sharp differences with regular work. Running a business requires ingenuity, market awareness, and personal resilience. Don't big losses frequently outweigh possible profits? Responsibility is a double-edged sword. It promotes growth, but at what cost? Entrepreneurship's underlying challenges include stress, unpredictability, and balancing personal and professional life. Your entrepreneurial zeal is admirable, but the road less travelled isn't always the scenic route; it may have more obstacles.

Well, if the salary or profit you are gaining from Signature Campaign is enough for you to sustain your daily needs and wants and also your investment, if there is, then you are good, or that's good, but the thing is, Signature Campaign is a based project wherein you can only earn if you get to a project, but what if there isn't? See? Even though you are gaining from crypto-related jobs, you still need some stable monthly income. Why? Well, in crypto currency, there's always a risk—the risk of losing money, the risk of making a mistake that will cost you money—so what if you only have crypto-related jobs but suddenly they're gone? Then you don't have other means of earning.

That's why I choose to do both, having a stable monthly income and doing crypto-related jobs like signature campaigns, trading, and holding of assets, so that I have stable income and extra income. Yes, you can earn a lot in trading, more than your monthly salary, but it's possible if you are sure that you are really good at trading or investing in bitcoin. Don't abandon a stable way of earning money because we never know what will happen next.

As long as the two can go hand in hand and strengthen each other's economy, there is nothing to get rid of.
Working as a civil servant is the dream of many people in my country, and even they will get many benefits that will guarantee their lives in the future.
To be able to enter as a civil servant is not easy, there will be many selections made.

Then becoming a trader was an option for a side job.
It's not just crypto trading, crypto enthusiasts or those who work to profit from crypto, it can be a lucrative side job.
Both can complement each other and support each other towards the financial foundation.

Crypto trading and civil servants are two things that are very far apart in comparison, for me these two things have no choice, both are life motivation and positive goals to improve our economy well or financially.

For me there is no choice, as long as we can do it and work to produce a good economy there is nothing wrong with both, civil servants have a job and a salary, Crypto trading is done to generate additional economy, so both are done without having to sacrifice each other, in essence I like both of them and for the reason that they are both different activities and generate financial economy.

Yes I agree with you, basically everyone has different thoughts. Having a job that generates monthly income, I think usually people like this tend to be more about their daily lives, where the income they get per month is only enough for their daily needs, also if their income is limited they cannot set aside some of their money for savings. For me, limited income is not a reason not to save, because I think there will be things that might happen suddenly and this certainly requires money to handle it. So even though the monthly income that you get is limited, there is nothing wrong with setting aside a little to save because it can be used someday when there are urgent or unexpected things like what I said.
 
But I myself prefer business or business anyway, because it's not just about losses or profits but by running a business or business it also makes me learn many things, where I have more responsibility with what I do personally, whether it's income and expenses, business ideas, marketing or others.

I prefer to be in crypto related job like in signature campaigns rather than working as a public servant because of the fact that there were possible issues we might encounter just like mine. I am currently a new volunteer law enforcer that is prone to some political issues which affected one of my colleague as he lose his temper everytime critics hit our job. As a volunteer I  only get $50 a month honorarium plus my signature campaign weekly payment. To be honest my overall salary is not enough for me to invest upgrades with my tools and equipment to be used as a volunteer law enforcer.

i prefer to do business with income every month and use part of my income to invest in bitcoin, compared to trading and risk my money being lost in the market. because trading has risks and requires my time to analyze the market all the time just for profit, and i personally am not suitable for that. especially in trading, not every time you can get a profit from your trading and that would be risky for me who needs money for my various needs every month.

As we grow older, we want stability and that's why no doubt that many are going to choose that stable monthly income from whatever you do. But this time, it's no longer that stability that people want but freedom. The era is changing and owning a business may be hectic at the beginning if you are still on establishing part but once it's already established, it will run on its own and having people will make you earn money without the need for you to allot a lot of time then that goes the tenfolds of profits and at the same time freedom to do anything you want anytime.

Real results can only be achieved with real action through our own lives, meaning that everyone must act well enough after thinking wisely enough before implementing their respective thought patterns. Because basically everyone wants a change in life for the better so that the real income they hope for can be clearly seen in their own lives.

Encouragement for a good approach usually occurs through the environment and social influences of each of them because everyone definitely has the enthusiasm to change and become better when they see other people who have also succeeded in making changes in their lives so that those who have not yet reached that level will definitely quite enthusiastic and will encourage themselves to be able to do the same thing in order to get the life changes they want by frequently getting involved in any work that can benefit them.

I've never dreamt of being a civil servant like you, this might be a very good job in your country, but not in my country, you might struggle financially till you die unless you are a corrupt worker. For this, and for the fact that I've always dreamed about success, I prefer to either work on my own or find a private sector job that would value me and pay me what I'm truly worth. However, trading and investment are not new to me, so it doesn't freak me as it does people, particularly the people of this crypto era. This might be because I have been engaging in them since my university days. After finishing school, I continued and I have been trading/investing and working at the same time ever since, which I believe is the best approach in this situation.

What I am driving at is that trading/investing should always be viewed as a way to earn passive income not otherwise. You should know that they are risky as well, and even if you know them very well, I will still not advise you to make them your only source of income. And since being a government worker is your passion, why not go for it? Do it while you trade/invest also. After all, you are not missing anything, but you will only be richer than your colleagues, if not your top boss at work.

At first Op used his finances made through his stable income to trade in bitcoin. Which yielded him some profits, and his next possible idea was to leave the civil services work. Would he have made it to the trading level, if he didn't earn stable income? Many people have been deceived by such discussions and dropped their good-paying jobs to start a business. Later they'll end up being unemployed and won't earn anything. Moving from living large to not living at all. Hence, everyone should stick to a plan they'll be able to complete from start to finish. And not make decisions because they're being paid lesser in their place of work, compared to earnings from their side hustle. Most times after the funds increase the person's expenses skyrocket too, he'd purchase things he never would have if paid the normal salary, leaving him with no savings. It's all good to have a high income, but the plan must be calculated. The disadvantage of losing one job for another is losing both.

Successful businessmen still undergo losses and can also go bankrupt and rely on loans to survive. Money management is the key to a good living. Provided the employee earns a decent salary like OP said, moving out of the work, isn't worth the stress. Unless the working environment is not conducive, the person is also advised to stay clear or resign, if they've got a side hustle. Factors that affect employees to leave a company may include; bad management, inadequate relationship with staff, low salary, and unstable salary rate. Employees in such a company with one or two of the above disputes can move away and start up a life outside the company or build a business. But, tagging crypto trading as a reason to quit a job, is a red-flagged decision, the person may end up regretting in the nearest months ahead. Practicing crypto trading won't affect Op's working hours in the office. I'd prefer he does the same job and keeps on trading, instead of leaving his job to focus on trading as a profession. Considering the risks, he'll claim to be vast, but it's not worth resigning.

Obviously, if you don't know anything about trading but you have a stable job in a campaign and you have an interest in learning crypto trading, the right thing to do is learn it first and don't let go or neglect the job you currently have.

But if you are knowledgeable in trading and at the same time have a job, it will be an advantage for you to increase the source of income you have, as OP says in this matter.

It is really a very happy news that you are involved in trading along with job and you are earning regular money by trading. There is a lot of need for money in life, before trading you might have met your needs with money from your job but now you don't have to wait for salary anymore but you are able to meet your needs with the amount of money you earn from trading. In this case, the benefit for you is that you can make any other plans while keeping your entire salary intact. It goes without saying that you have a good financial support through trading. If you can do trading consistently and if there is profit consistently, then one time you will see that you can earn several times more monthly income than salary by trading.

Oh yes we are all different but salaries are not actually what you think, or let me say that owning a company gives you all you need. There is no way that a company will not make money and still pay the workers properly. What I’m saying in essence is that if you own a company, you only pay the workers a fraction of what is being made by the company. So, for the worker to make money, the company must have made loads of money (probably why you don’t see the CEO so often ).

And btw, you don’t get rich/wealthy by saving money.

It's important to keep in mind that we are all different. For me having a steady monthly income (salary) gives you financial stability by ensuring a reliable stream of money for everyday expenses, saving for the future and dealing with unexpected costs. This brings peace of mind, making it easier to plan for the long term and lessening the impact of financial uncertainties. Unless your business is built to always profit.

Definitely the business. why will someone even want to choose the steady monthly salary? Don’t be deceived by the steadiness of the salary because even if it’s stable, it is equally stagnant; you may never earn more than what you’re being paid but guess what? The owner of the company makes more and more money even if yours is fixed yet stable. Instead of this, start working on your own idea/business. If the people who built these big companies today never took a step forwards, they would have been nothing more than employees who are being paid a steady monthly salary.

It depends on the payment that comes from the monthly job or business. Trading has higher volatility and has such there might come a time where the trading capital get blown down to zero and in times like that it is the job/business that will sustain and raise capital for funding the trading account again.

I won't even advise anyone to rely solely on trading because of the high risk but combine it with other sources of income