Topic: Which do you prefer - page 5. (Read 1368 times)

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

Both are the same to me... it depends on how much I can get, and that can influence my preference. Working as an employee with a regular job and earning $50,000 salary seems more appealing than running a business and trading with a daily income of $500. I lean towards the amount of money, not where it comes from. However, if the results of both jobs are the same, I would prefer trading because I get better time flexibility than working. Well, who doesn't like freedom?

Something we consider good is relative, so it's reasonable if you connect it with money... a realistic perspective stands out the most. We all like money, no need to be hypocritical. And I'm sure everyone likes more money. It will provide more freedom for us to spend on things we like.

I also work in a full-time job and I think that this is not as bad as people who categorically deny official work are trying to present it. And those who believe that everyone should only be self-sufficient. But free earnings such as signature campaigns and trading do not have stability. We just saw how the campaign mixer fell apart here on the forum. Trading can also fail and the price will go in an unpredictable direction.
And any responsible person without 50 thousand dollars in his pocket will not quit his main job.

If it helps you both, why don't you do it at the same time as what you are doing now? You can't do that for sure if you don't have an understanding of how to conduct trading activity every day of your life.

So, good for you if you are getting profit from trading here in cryptocurrency or bitcoin; just continue what you started, but for others who have a stable job and don't know anything about crypto trading, don't neglect the job that gives you earnings monthly. Just learn trading first.

There are indeed people with an increased mindset being more common among those who are dissatisfied with their monthly salary. Dissatisfaction can be a motivator for people to seek for more income and strive for positive change in their lives. It reflects a proactive approach to improving their financial situation and overall well-being. A mindset shift with concrete actions is what propels people toward their goals. It acknowledges that thoughts alone may not lead to tangible results.

Thought and action should be a synergy to create a powerful combination for personal and professional development. That acknowledgement encourages a comprehensive approach to improvement, because recognizing the ability to think creatively and strategically must be complemented by the willingness and capability to take decisive steps toward positive change. It resonates with the idea that transformation often requires both mental and practical engagement.

In my opinion, civil service job is good job. In starting ,I will continue this job because it will pay our monthly bills. When I will be expert in trading of Bitcoin, I will quit this job and I will focus on trading because trading will give me high income than civil service job . I can make Bitcoin trading work a full time job. Civil service job will waste my time ,So I am interested in Bitcoin trading. The future of Bitcoin trading is very bright. I will focus on Bitcoin mining and I will research very well. In this way,I will become a professional Bitcoin trader ,I will make multiple times money than civil service job.

This depends on personal choices to me I would say civil service job is also important as it will act as a support especially for those who are newbies in the trade
One thing you should not is that the payment is constant every month you are ensured of your salary
In the aspects of trade it is a life changing job the if attention is given fully it gives rise to our yield just like we will expect there are a lot of people who only depends on the trade and forget about civil service job is not that they don't want to get involved but it is a matter of choice just like I said earlier

It's been a few years since I was a day trader on a crypto exchange. And I also admit that this activity is quite fun because I am not bound by time and place. Thank God even I can provide for my family from every profit I earn from my daily trading. but I withdraw profits only within a week. because I am a scalping type of trader. I earn little by little every day. I collect and I withdraw every week to spend on my household needs.

But it is also necessary to know the fact that maybe you should know that being a day trader is not easy. even in the first year I started day trading. I can't have consistent profits. because at that time I had not mastered the psychology of trading and the market. Analysis in trading (technical, fundamental and sentimental) can indeed help us get profit and make us understand market conditions and when to enter and exit. and makes it easier for us to determine where to buy and sell points. it's just that all of that can be in vain if we are not good at managing our emotions. so it is important to learn emotional management / trading psychology. Sharpen mentally and stick to the results of the analysis that we have made carefully.

so you can say I am comfortable with my choice as a trader. but I am also happy with the salary I receive from Signature in this Forum. that I can collect for my long term investment. and I invest for my children's later education and also my and my wife's old age.

everyone must have their own choice where they are more comfortable in the choice of work and various types of income. but I'm comfortable with my current state.

It's true. As we have noticed, the life of a civil servant or private employee has a fixed monthly salary, for example, a salary of $ 300 per month must be able to meet the needs for a month, meaning that no more than $ 10 dollars must be spent even though there are other benefits, but with the price of goods that continues to rise, indirectly it must be looking for other passive income.

Yes, it's true as you say. It's important to have a growth mindset and constantly look for new opportunities for personal and professional growth. However, it is also important to remember that financial stability is very important and one must strike a balance between income growth and financial security.

When someone has become an "expert", there is no need to ask this question because the answer is clear that people will only have a profession that they like, without pressure from superiors, more likely to earn more. Too many expect it, but in reality it is difficult to achieve it, while more argue that steady income is not so bad because most people will consider the consequences up front. And make no mistake, several types of jobs as an employee are also required to be "expert" before they are accepted.

If someone only relies on his monthly salary, I don't think he will develop quickly in his life and it will be difficult for him to become rich because he has no other income. As for the monthly salary, he will definitely use it for daily needs, although he can leave a little of his salary for savings. But he will have to have a very long time to see his savings become large.

An increased mindset can only be possessed by those who are not satisfied with their monthly salary, because such people will always think of getting other sources of income in order to change their lives. And in general, of course, the level of ability to think and also the ability to move is also very much needed because thinking without doing is also nonsense.

I prefer the possibility of getting a bigger one, because if you only rely on a monthly salary then you will not grow, because you will get used to it and don't have to think about anything else.
while the other has the ability to change you every day, you will be forced to think and make changes from time to time so that you can grow and have an ever-increasing mindset.

I agree with you, giving up my main job to focus all my time on trading is a bad decision. There are times when trading gives us high income, it does not mean that we will always be able to earn high income from trading. Honestly, I have seen many people who can make a lot of money from trading, but those people also have other jobs besides trading. They used to tell me even though trading makes a lot of money, but not always, there will be times when there will be huge losses. Therefore, for them, they have never considered trading as the main occupation that brings their income and economic stability. They always have other sources of income if their days trading goes wrong.

With the current difficult life, everyone wants to diversify their income sources, having 2 or 3 sources of income is always the desire of many people, OP is doing the opposite. OP, please consider carefully before making your final decision.

It sounds like you have a clear idea of your chosen path and understand the risks and benefits of being entrepreneurial versus being an employee. I think Running your own business certainly has challenges, but it also offers a lot more flexibility and control over your income potential. Even so, being an employee has its own advantages such as a steady income, job security, and benefits.

Those who are more eager to become civil servants in your country, I don't think it's wrong if they don't have other permanent jobs in life. Moreover, after becoming a civil servant, it is certain that there will be a pension salary that they can enjoy in their old age, even though those who become civil servants will not be as rich as the big businessmen in their country.

But there are also those who join civil servants because they are forced to due to having no other choice after they graduate from college, but this is clearly not bad because it is also part of the business in their life even though there are many people who do not pass the civil servant test which later too work as private employees in a field they understand.

I prefer doing both. If I can go back in time and be on my early years of working again, I'd do it all. Trading must've been good to you but there will be times when it becomes boring. Do it in 3-5 years then you feel the intense feeling of being alone.
I chose to prefer doing both because I still want to socialize. Being on a company has those perks, not just the salary, being with other people, talking to them and having fun if there is a time to spare.
Now, I work from home. It's damn lonely. Yeah, you do have your family near you and see them every day but I still prefer having another side of me that fills that loneliness of companionship.

Civil servants is something that almost everyone likes, most parents suggest their children to work as civil servants, this is because civil servants will be respected and of course get a large salary, in my country to enter into civil servants requires strict selection, and sometimes it took a very large fee so when he was accepted the first thing that was thought was to immediately get the money used for the entrance fee.

Unless you have huge wealth in your account enough to take the risk in trading, then it won’t be hard to leave your current job and shift into trading as your new career. As long as you have great skills and strategies that work for you, then trading will be a good source for stable income. However, for some who are still learning to trade and improving their skills and strategies, it’s better to focus on your job while doing some trading at your spare hours. Trading is really rewarding and productive but it’s certainly more risky and stressful especially for those who are not used to the crypto market volatility.

If we can become civil servants for the government and earn enough income then we don't need to do anything, we must continue to improve our discipline and skills so that we can get promoted, I also plan to become a civil servant and this year there are 3 tests that I will do.