Topic: Which do you prefer - page 8. (Read 1368 times)

It cannot be denied that until now, being a civil servant is still a dream for most people for the reasons you have mentioned,
i agree with you and its better to have more than one source of income because it will make us much more financially secure,
especially with today's life many basic necessities have experienced price increases.

Trading and job are not same. The company will give you a salary at the end of the month after doing certain hours of duty at the place where you will work but the training is not like that, there is no salary system in trading and the income will depend on the individual. That is, the person who will trade will depend on whether he is trading at the right time or not. If you can trade any coin at the right time, when the value of that coin increases, you will generate some profit from your capital and you can set aside that profit and spend it on your needs. 

But it is not always possible to profit by trading, many times by trading many people put their money and resources at risk and suffer a lot. The main reason is not having enough knowledge about trading and not being able to trade at the right time.

If you think you can do both, why not just take both? You can get two sources of income that can add to your income and add capital to trade and make ends meet. But you need to pay attention to allocating money from your income to have savings for sudden needs. That would be better because not many of us can have two sources of income that can be used for our lives. And you should be grateful to have both.

Well, the benefits and monthly income security make someone think that choosing a day job is the best option. Unlike when trading which you can't assure how much you get monthly but the advantage is that we can possibly generate more profit than the salary we get working. But of course, if you can manage to have them both, well, I honestly say that you really make multiple sources of income. Besides, trading doesn't require 24 hours on the computer nor do we have to do it and we can do this after work or any time of the day.

I will prefer a government job, because getting a government job in my country, you have to aquire some potential degrees before the Job will be giving to you with free official car, free accommodation and huge amount of money as monthly payment, which it can help you to save enough money for future growth. Don't forget that, for you to start trading, you need money that will help you to purchase enough coins and hold for a period of time before you can sell which not everybody that can take such risk in the community. I think, before you will have a bad day in your office that will make the management to sack you, you have already save enough money that will help you to create a good business that will be bringing income to you daily or weekly.

Having a civil service job is everyone's dream since no matter what happens, you are at least sure of having your salary paid at the end of each months and it's also pensionable, which is an added advantage. But for me, I will likely go for the two, that is, both my civil service job and my extra source of income (i.e trading) since to become very rich, one don't need to rely on just only one source of income.

I don't want to disappoint the OP, but to be honest, very few people can make a living from trading because it's so unpredictable, and we can't always make a profit from it. I have never seen anyone who always wins without losing in trading, and most of the professional traders I know also have outside business. OP is making a lot of profit from trading, but that doesn't mean in the coming months, in the future, it will always be. Therefore, in my opinion, he should not give up his job as a civil servant despite a low salary and a lot of pressure.

If both can be carried out then why not remain in both, becoming civil servants and also becoming traders.
I also experienced a dilemma when I had to stay as an office worker or focus on trading and at that time it was very easy to make profits in trading so I made the wrong decision thinking that trading is a job that will always earn money but it turns out that this is not always the case, so I had to face economic difficulties because I was no longer working and trading was experiencing a decline in yields.
So if you can stick to both then it will be better until you actually have enough assets for retirement later, so that inflation won't reduce the value of your assets, but instead these assets provide regular income.

Everyone who is still alive in this world has the same amount of time in his life, and what distinguishes it is the way it is managed because when someone already has two different jobs in his life, of course managing time becomes very important in order to be able to carry out both every day. But this also doesn't need to be said as greed because there are many business people in this world who have more than one business so that the level of income is always higher.

Personally, if you can do both, you should. Multiple streams of income are great and you can have more money coming in and maybe you can trade a lot more with having more with that. Unless you are satisfied already with that then go with it and focus on your trading balance and grow a lot more of it.

As long as you believe in it, you can for sure achieve it. Don't let others tell you otherwise.

I'm doing both and for the trading part, I let my trading bot run 24/7.

What if the two comes at once or expect the two anytime, the world has change and revolved round our life and we have to adjust to the way to the way it comes at us, you cannot work as a civil servants and expect that to pay all the bills around you. If you depend on only civil servant salary, how do you plan to get a car or build house or you want to be taking loans through the days of your life under the government, it doesn't make sense that way.

Find a civil servant work if that is available to you but take a business or a side husle along side so that you can have money coming from different angles, I will even suggest you take the business more serious than your civil servant job because it is not always strict like the regular companies work.

When choosing between jobs, the money I not the first thing I look at. Don't get me wrong, I still look at the money but compare other things first.

Immediately after my college degree, I really needed a job, so I applied to a lot of companies related to my field. I had no investments and I was surviving on my savings so I really needed a job and fast, but it didn't come. So I gave up job hunting and learned a digital skill. Within a year of learning the skill, I started earning from it, not very much money but it was okay at the time, not regularly too (you know how it is).
Then a job offer came. about 14-15 months after the interview. It was from one of the biggest banks in my country here.
A year ago I would have grabbed that opportunity with open hands, but now I had to think. A job like this, in a reputable company like this, added to my resume will open career doors for the career I had in mind at the time.
But I didn't accept it. I would be working Monday-Friday, 8am-5pm. It was defiantly going to be a hindrance to the skill I was building because I still had a lot to learn and I was at the foundation stage where it required maximum attention.
I thought about things like the stress of going to work every day and only having time for myself only weekends. I know how stressful a bank job can be. Then I thought about the money. In my country, I feel like the idea of working in a big firm is part of your salary. Funny but true. I mean the prestige that comes with such a big company. You have to be either very good or very connected to work in a company like that. The salary wasn't worth the actual job you do.

Years later, I still tell myself I made the right decision and I believe it, not just because I will make it again if I was taken back in time but also because even if I'm not where I want to be, I know someone who took a similar role to the one I was offered and she's been telling me to help her look for another job because she tired of the one she's doing and I, on the other hand, is not tired of what I'm doing after so many years.

I will be greedy, I will choose both jobs because having multiple sources of income is a good thing not a bad thing. It's not easy to get a job with a stable salary these days, so don't give up on it. As for trading, you can do it in your spare time, it's not forced like other jobs. As long as you can arrange the time, I believe you can still operate both well.

Well said, permanent jobs aren't as bad as people say it is, we have to stop listening to this motivation speakers that don't have any real life experience. People think immediately you start trading that you'll begin to make profit. You will need both time and other sources of income for suitability and that can be gotten from your permanent job that you know the salary is constant.

Having double sources of income should be what you should prefer instead of choosing one. All rich individuals have multiple sources of income because they know one of them could stop been profitable at any moment and when that happens, they need to have other sources of income to rely on which is something poor people don't have.

If I were to answer the OP's question then I'd say "that depends on how you manage your time". If you can do both at the same time then it's very well recommended option since you can earn from both. First of, trading as a side hustle or any side hustles you can think of while trading, and at the same time you are working to earn a stable source of income. Nowadays, it's no longer enough to have a stable source of income if you plan to have a leisurely life in the future while having extra money, and even if you do have a decent amount of income from your stable source of income, it is not enough nowadays to sustain you for a long time.

Even if we say you can support you and your family from that job, is that really enough? I don't think that is, since there will be times that you need to have an extra money. I had to learn this on a very hard way, coz our family may be considered as middle class but in terms of extra income to buy some things that we need, we cannot afford to do it immediately, the reason for that is we need to consider some areas in our finances before doing that and it would at least take a year to buy what we need so we really have to step up and come up with another source of income or side hustles to shorten that time frame.

It's been seen that due to this pandemic, majority of the jobs can't be retained if there's something like this again. I'll choose to have a stable financial cash flow and one of it should come from being employed. I may not have that much freedom from it but I can do the things I like after work.

Since most corporate and civil jobs are just from weekdays, I still got few hours after shifts there and then I've got the weekends doing the things that I want.

Until everything is settle and I can do those things I want anytime I want and I'm making much profits from it that's able to sustain my daily needs, I'll leave my job once I get there.

Obviously I would prefer the work/job that gives me time freedom, can earn more than my job salary and can have access to the earnings 24/7.  But it does not hurt if we have both option.  A diverse source of income is a good thing because one can support you when the other one is performing badly.

In the case given, I would be greedy and choose the two since they don't conflict with each other.  I would love to have a steady income, it secure me of fund for my needs and at the same time, I also like to have additional income that can be acquired during my free time.  

Trading is not all green, and if it happens that the market fails you, your other source of income can save you from all worries.  

From my perspective, it is un preferable and perilous to quit your main job just because you made a profit in trading. In fact, I encourage you to do both simultaneously and once you gain a solid experience in trading and make large earnings, at the moment you can leave your main job and focus on crypto field but be careful, the market is unstable and unpredictable and regrettably the crypto future is blurry, It would be better if you find another source of funds apart trading such as freelance, e-commerce, goods trading and real estate … etc. For me, I would rather build my own business than be engaged in government job and work from 08h to 17h everyday. No offense the ones who work as employees but that’s called slavery .

At least trading gives a certain independence - and, with due diligence and luck, some confidence in the future. Of course, you can't exclude the risk that you can lose everything in an instant - that's crypto-trading, but there is risk everywhere, unfortunately.

I have ever hated white colar  job from day one. Even though am educated and have my certificate. Business has been my thing since I was a child because I hate waiting for a whole thirty days to be paid which no matter how hard you work as a civil servant,
your pay is and will always be less than your efforts to performances.
But in trading, your pay is determined by your effort, commitment, consistence and performances.
So I will rather prefer trading than working as a civil servant.