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For those working for government or an entity, try  to  start a small business and grow it gradually while still doing your 9am- 5pm job.

We might not feel the importance of it until we have been lay off from the job.
I have a question for those working for an entity or government, if you are being sacked today, what will be your faith? Will you still be financially strong, can your other sources of income keeps you going or you will be devastated by the loss of your job.

In this current economy, it's suicidal to have only one source of income.
If you must live well you must be ready to grab the bull by his horn am make life changing decisions by having more than one source of income.
Don't put your financial destiny in the hands of your bosses, you might not know the importance of having your own business till you have been sacked. think about it.

Relying on one source of income has become difficult, but many do not have the option to have a side business, such as starting a small business and growing it gradually, either because there is not enough money, or there is no space, or there is no time and experience, or problems in marketing and reaching customers, so it is better to try. You should start investing early and at a young age, and when you reach the age of thirty, then you will think about starting a family, and then you will have surplus money and experiences.

Ready or not, we must be ready to accept it if that is our destiny.
And it's best before that happens and while we are still working, we have to prepare ourselves in advance if that happens, by saving or investing. And if the salary is only enough to meet our needs, we also have to think about this when we are still working to find a side job or additional income so that we can save or invest according to our abilities.
And with all that, you will not experience difficulties and destruction when you are fired from your job, and that way you can open a business or anything from your savings or investments and you can also continue doing your side job. Because in the current economic conditions we are required to be smart in living a life that does not only rely on one source of income, because we never know what will happen in the future. So preparing an umbrella before it rains is very important, you have to think and plan in advance while you are still working, otherwise you will suffer.
And for this problem there is no need to question or ask other people or anyone else, because they will not care and living independently is much happier and more enjoyable.

First of all, being an employee is not bad, so let's not downgrade employees too much. Do you think that if everyone in the world became an entrepreneur, would your business or company still have a way to make money? I mean, if you don't have manpower or employees, can you do it alone?

Yes, it is true that it is not enough to have only one source of income these days if you are not a rich person. But there are many opportunities that can be added besides being an employee. As long as we have time and can manage it properly. But I don't believe that when you only have one job, it is equivalent to suicidal. In this matter, you are wrong.

It's necessary to have another source of income if you are working for someone so it can help you prepare for the rainy day but also understand this op, that it's not everyone that's capable of managing their own businesses. There's so many factors to consider when doing that and these are just a few to outline.
- financial risk; There's a lot of risks involved in managing your business as you'd need to have a substantial amount before you can start and if eventually things don't go as planned, you run into loss and end up not getting any substantial income.
Secondly, the stress of doing two things at a time can really tell on you eventually as to start a business, you ought to know that you are the business which means you have to balance your time working for someone else and working for yourself. The rewards of owning your own business is there but many people will prefer having the knowledge they can get from their present place of work, then resigning or retiring to go start theirs than juggling two jobs at a time. Except, the 9-5 job isn't as stressful.
 Your advice is well meaning but at the same time you have to consider that everyone operates differently.

I've been thinking about this for the last few years.

Having a formal job and a single source of income is something that I have to adjust in my life. I've thought countless times about opening my own business, but the question is: what to do? exactly which line of business to go? Sometimes I think a lot about finding a partner, because alone it's very complicated.

I would add - wherever you work - always create an alternative income option. From your personal business, to investments ! Always keep in mind that there are a lot of risks, with a probability higher than 0, that you will be left without your current job. It can be anything - problems in business, global changes, corruption, natural disasters. And having no alternative source of income, you may wake up one fine morning and realize that now you have NO income, if you have not prepared a "reserve airfield" in advance. And it will be very painful to realize.... ALWAYS create at least 1 spare income channel, MINIMUM 1 spare, but more is better

First of all single source of income is sheer ignorance about the reality as you can be replaced at a cheaper salary and may be with a candidate who poses better skills than you or simply due to AI you may lose your job. I would say we need to have multiple streams of income and we can take example of an YouTube or Influencer as they earn through the view time, paid adverts, Merchandise promotion, Affiliate Marketing and much more. We need to upgrade our skill and probably have more than one job/business in order to survive because those who believe thier 9-5 job will be with them forever they are living in delusion.

Yep, I have also faced this problem, but in a quite different situation, I have been more proactive in my own life because I see my work as a contribution to the business/government. The government did what I could to help them, and I fully accepted that if I was fired, perhaps my qualifications were not suitable for that position. So anticipating risky situations in life, such as unemployment, is probably also part of preparing for life. For me, it is not fixed to have only one job to find income to spend on life.

Although my current life may seem like a waste to many people, it is one that I have struggled to decide, I am living in a small, quite peaceful rural area. So the problems of office life or competition are all things that I have experienced, and it helps me reflect on myself and the true meaning of the life I am living. So, facing the situation and trying to develop an increasingly bigger mindset, I look back at society and see chaos everywhere, from issues of food, health, work, material,...

But that thing in my eyes is quite trivial, and although there are things that are still easy to force, I think simplification through returning to balance without paying attention to counting distractions will make life a lot easier.

If your having difficulty in decision making you should stick to what keeps you comfortable or maybe you can consult an advances economist to broaden your knowledge about income generation through such conversation you can find an area of interest and go into it and make good profit hence having another source of income.

If I may suggest to you a business line weather your knowledge about it or not you can own it and employ some workers to manage it for you, business like pharmacy; you don't need to be an expert on it if you have the capital you can register with the legal Institutes of Health and publish a pharmacy employ a pharmacist. that's one of the business that can profit you because it has to do with health and it doesn't have a season because people sick everyday and need to be healthy so the location and capital is just required.

If you're due for marriage bro you can take a bold step to the other path of manhood and at least you will have an assistance in your area of business while doing other activities.

Honestly this post makes me question myself but I already have an answer, Having an 8 hrs job per day is not bad, in fact this is one if the easiest way to earn money by having a fixed monthly income. It is true that we don't have to rely in a 1 source of income because we have no guarantee that it will last for a lifetime and it is possible that something will change in the future so we should always be prepared but let's be real here, finding other source of income is not that easy in terms of time and money and that is one of the common problem to us.

Having your own business requires a lot of time and effort which is somehow might cause a neglegence in your work, unless you're good at time management or your have other people who's willing to support and help you in your business.

I agree that having only one source of income is very dangerous not only for the current state of the world but for a long time, someone should have more than one source of income so that when we lose that source of income it doesn't make us stressed and start having difficulties in paying our living expenses and it's not only having more than one source of income is important but also managing each of our income by giving a portion to start investing because saving our money in the bank will not make it increase but will decrease in value due to inflation.

This vary from one to other country.

If you talk about first world country, get a job is much easier especially you're work in entry level e.g. waitress, customer service, storekeeper, dish washer, coffee maker etc. You can work in two or three jobs if you're strong enough. You will get paid accordingly because they have better economy and low population.

But this is completely different in third world country, it's hard to get job and if you get, you need to accept low payment and extra work e.g. if the job is from 9AM to 5 PM, you will be asked to arrive in 8 AM and work for 2-3 hours more without getting any extra payment because if you don't accept it, they can easily fired you as there are many people still interested due to high population = high unemployment.

this is extremely hard to do first of all what if their 9-5 job does not pay enough for them to afford a little business on the side
second, thinking of a business idea that will garner profit and at the same time you can do while still maintaining your job


people always says that working for an employer should only be temporary because businesses are the ways to finally be comfortably rich

Although this piece of advice is very common, I'm afraid it's easier said than done. Based on my observation, there are people who are better off as employees than businessmen. There are those who simply aren't business-minded. Starting a business isn't easy. Sustaining it is even harder. Sticking to it, embracing the responsibilities, need no less than devotion or commitment.

Another factor is that business is an investment. Meaning, it needs a starting capital. To many who are fully salary-dependent, starting a business is only a goal because they simply cannot afford it, or at least the kind of business they want to have isn't easily within reach.

Another factor is that investing in a business is risky. While the goal is to have another source of income, it could happen that the business itself is the cause that all savings is drained. This has happened to many.

This alone summarize it all, we should not be too dependent on something, especially when it's a single entity, but many people don't hve the foresight of doing this, instead rhry got contempted with the peanut they are receiving from their salary and never think for an alternative, the worst of it all is on the scenario that you discover that someone looses his job and was rendered helpless without knowing were to start from, there's nothing like being on our own, or having a backup business to complement the one we are doing.

I appreciate the idea but many of them don't even have time to take a breath due to other commitments of scrolling social media, giving likes, stalking bf/gf, and anything that you want to add to the list.

So the change will be possible only if they make their lifestyle completely and dedicate the next 5 years completely to making money and screw everything else then you may end up financially successful.

After 14 months of being dependent on the salary I received from my boss, I finally considered starting my own small business. Even before, this is really what I wanted to do – to be a businessman or business owner. I know that there are many here who are like me, and you understand that it's not easy at the beginning. Now, it's only been 2 months since I started this. It's challenging, but I'll manage. It's important to diversify income streams. I don't want to rely solely on my primary source because there's no certainty about how long I'll be doing this, especially since I work from home and my bosses are foreigners. We don't have control over being an employee, but if you have your own business, you have the independence to do whatever you want. It's even better if you can manage to juggle both; it just depends on how you handle or manage it.

With all the obligations and responsibilities, I think one can ignore social media. A responsible person wouldn't want to wait for the time when his family would go hungry and have to burn firewood in the backyard to stay warm.

Believe it or not. If you have in-laws who keep watching your back and go over to your house when you are jobless. It's gonna be the worst feeling. Having two jobs is necessary nowadays, it's not just to survive but to also have savings/investments.

The starting capital and who to manage it sometimes is the blocking stone. About business idea, first I will say look into the work you’re employed to do and think if it is possible to do same business even if it’s small. If your work doesn’t fit a business, then you can actually do a market survey to see what your locality lacks and if it fits your capital you can start. You can employ a family member to help in the running of the business because sometimes it is hard to cope if you’re employed to another organization.


This is not a saying but just fact, because no matter how long you work under the government or someone you will definitely one day be retired, but with business it is there till death comes and even your offsprings can inherit it.

This reminds me of the Covid-19 pandemic which resulted in many factory employees being laid off. And it's true, as you said, when they were laid off, they were really confused about where to find money to survive and meet their daily needs. Because, they do not have the ability to work or try in other fields, apart from being factory employees. In the end, to survive, they sell their personal belongings. And when the pandemic was over, they returned to handing out papers to apply for jobs.

And starting from this, it is important for us to continue to improve our abilities not only in one field of business, and to continue trying and trying to get rid of dependence on other people or companies.

Well, this is definitely a good advice, and one many of us constantly preach mostly in the gambling board, majorly on how important it is for gamblers to not take gambling as a source of income, but have multiple sources of income outside gambling..

But hold-up, I understand that I am not in the gambling board right now but in the Economics board, so, looking at this from from the economy perspective, it's almost the same thing, it is practically unwise for a someone to depend on salary, no body depending on salary have ever came out to become a very wealthy person, they either become wealthy through their own private business, or their own investment.

So, as a salary earner, it is topmost important to start and manage a business on the side, no matter how small, keep it going and growing little by little, and who knows, in the future, you may not have to wait until you either retire or sacked, your business must have grown to an extent you will have to quit your job to focus on the business, by so doing, you have become your own boss.

Well, this isn't about the jobless but more about someone who lives from paycheck to paycheck so they just fit into their comfort zone until they realize today is the day they are going to be thrown away from the job. And seriously how many of us are waking up and start daily chores without looking at your notification, just answer honestly. :D

Sometimes I get tired of seeing these things.
Not everybody will own a business. Advising people who don't know how to run a business to start a small business is not really the best advice. I'm not saying it's bad advice but not everybody can do that. So you'll call the ones that don't do it fool? NO.
Advise people to have investments, and learn skills. There are so many skills out there that people can learn. There are so many investments out there too to go into. Even long-term.
Advise people to have savings just in case.

I don't believe everybody should own a business. Besides it costs more to start up a business and it's also most likely going to require a lot of time. Time you may not have, so you end up handing the business over to someone else to run. What time do you have to run a start-up when doing a 9-5?

Building a career is not a bad idea. Just try to always get better in your career. Learn new stuff, and take more courses that'll make you stand out. Try to be among the best at what you do. That way you'll always be sought after even while you have a job.

Our country does not have a good reputation in terms of government even the workers under the local government unit don't get enough funds for their daily sustainability even though you want to appeal you don't have any choice or option because they can easily replace you and hire willingly to accept the job without too much demand, also people tend to have work even a low amount of salary at least they have a source of income today its hard to work most likely they are hiring for an 8 full shift of hours and a daily rate not into an hour rate like in the other country. If you want to succeed in life making a business or working in the other country is ideal than hoping to get rich under the LGU.

You are right, no one should depend on a single source of income and devote their whole life and career to their bosses. But I wonder if there are any in the current era who still have that old traditional mindset to bear the odd attitude of their bosses and always depend on them and never learn new things and grow with new skills.

I consider growing with new skills in the same sector of a job the same as having more than one source of income. We all should learn new things no matter if we are making good amount of money with our current job. Always move forward.

I am trying to make more than one income source even if the procedure is slow but it will end up good for me. Doing something is better than doing nothing at all.

Be like a soccer player in this life. and defend what can be defended.

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Soccer player is a profession that has a fantastic salary. And they can get such a large salary because their position is irreplaceable. Like Cristiano Ronaldo and Linel Messi, they are irreplaceable soccer players. Because their role in a club is very vital, they have extraordinary abilities and skills that are not owned by others, so they can always be relied on in matters of scoring goals, and even when they are absent to play this really makes the club experience unsatisfactory results. CR7 & Messi have been the actors behind the success of the clubny

Even in the career world, if your position does not want to be replaced and avoid the risk of layoffs, then continue to hone your abilities, knowledge and skills. And make a reason why the company can't fire you. And continue to be an actor behind all the success of the company.

And when you already have qualified abilities and skills, which are not owned by others, then never worry when you are fired. because there will be many companies that need you.

I know it's everyone's dream to have his/her own business because it's a common knowledge to everyone that we don't get improved or become rich just by staying in a single job or a government job, but by having our own business the rate of chances to get rich or make our lives comfortable is very high. That's why a lot would even chose to start their own business and leave their jobs permanently.

However, not all are given the opportunities to become the bosses of their own. Saving one's own capital is very hard, and when it comes to business, the rich men have always the advantage to start first, while leaving the poor men struggle first so they can come up with sufficient finances to funds their business.

Where I live is a low-income country and the situation here is different. Many educated people in low-income countries struggle to find stable employment and are forced to take low-paid, insecure jobs or even work in the informal sector. Finding an additional source of income becomes imperative where there is no guarantee of employment. We all know roughly the global situation. The price of every thing is constantly increasing. In low-income countries, relying on one income alone will not get us far into the future. An additional source of income is very important for us besides the job. I think an extra income can provide a sense of security and independence.

No one will realize the need to have their own business unless these people with stable jobs are starting to experience financial incapacity and made them force to take debts because it's badly needed to. They will realize that having only a single source of income is not enough to raise a family or make your lives improved and live with financial security. Admit or not, those people who engaged in business are living more free from debts unlike those who are employed that are almost buried with debts.

While having another source of income is a must, but still there are people who chose to focus on a single job not because they're used to it, but because they are afraid to come out from their comfort zones and take the risk and eventually fail in the end.

Yeah been thinking about this for quite a while now, but bills keep coming every month! HAHA!

My company is a US based organization, recently they have been laying off employees to protect their business, I mean I get it, if I'm the leader of an organization whose in a recession country I would have done the same, I think that's pretty common and the most likely to do thing if you own or run a business. If I were laid off, I would end up being a bum in the street, like no kidding, this is my main source of income about 90% of my income, I don't know if I can survive 6 months if they laid me off. So the business thing is on my plan, I need time to make it happen.

A person's money situation can really differ depending on their job and savings.  Some people have extra cash and investments piled up so even getting laid off they'd be fine still going out to eat.  Others live check to check, and if they lost their job they'd be in big trouble affording groceries and rent.

What was your job description for entity or government, if you don't mind answering?

In Sri Lanka government workers were routinely given 1 day off a week to cultivate and grow food for themselves, their family and community.  Because as you say government is not the perfectly stable rock that people imagine due to its size its an easy impression to give.   Like titanic big things can sink also in an unimaginably ways, theres always something larger a greater force that can take down even a government.  
   The study of economics should be in respect of natural dynamics,  the largest forces arent government programs built on debt but the people themselves are the strength and wealth of a nation.

I think we forgot that last bit, too many people think or respect politics as the unstoppable force when its fragile and leaning on the backs of the common worker.   I dont know about you but the common worker is poor and already struggling  to raise a family usually, government wealth relies on taxing these people working them to death in some cases into poverty and poor health.
  Its a fallacy, I dont want to explore what happens when we're wrong and ignore the danger I already know and agree with OP people are productive and governments only succeed harnessing those people.   When we over tax, over spend and waste money as governments are so inefficient we are risking the entire country lets be aware of that mistake and steer away from hubris of modern 'rich' society be humble expect setbacks.

There are most appropriate recommendation, especially four us still related to work in government agencies, existing regulations will definitely change with changes over time in the institutions that oversee our work possible that we could lose our jobs in government agencies. Before facing bad thing in the future how potential we are sacking from government agencies need to prepare side or small business scale how to protect and supported with our financial in the future. Right now, relying on one business as your main income is not enough, with inflation increasing quite high every year and prices of basic necessities continuing to increase significantly, we really need side or additional jobs to get income apart from the main job in government agencies.

Its doesn't just apply for people working in government agency but for all people need to back their business with have another or side job for getting additional income.

Having different sources of income without a doubt is important to have these days, however this does not necessarily has to come from starting a business as there are many ways to do this, you could simply work another job, rent a property, become an investor or live out of the royalties of your inventions or other creative works, with this in mind it is key that we do not limit ourselves to a single solution and we pick the one that fits our skills the best.

I agree with you, those with limited income should be able to realize that if they only rely on their work which is clearly limited then they will feel deprived, they should be able to try to start a small business to help their finances later, this needs to be considered because by starting a business even if it's small in my opinion it doesn't matter, as long as it's profitable there's nothing wrong with it. also the risk is definitely there but I don't think it means not doing or not moving forward, do new things that can produce that's what you should do.

or they can also borrow money to start a business, it's better that they work as well as have their own business because it will generate more profits that can help their basic needs be fulfilled. step forward, don't hesitate with it, do it well, it will definitely generate benefits and don't look at the benefits if it's small, it's better than nothing.

The reality of having one source of income sucks especially if it's not that high paying at all. Jobs in the government varies on the position but a friend of mine is happily serving through it even if the salary is just enough for his family. I agree to start a little business that you may eventually leave your day job. But it's not for everyone because whether you want it or not, when you're able to start a business, it doesn't end there and many struggles in maintaining it because it's not easy as someone may seem to think.

there are many incidents like this, people who are too comfortable in their jobs end up regretting their decisions as a result of job layoffs and so on, but the reality of life often means that we have to depend on a job for our living so actually it is not entirely the fault of the individual. Everyone is currently required to have more income and savings because there are many things that are difficult to predict in the future.

Sometimes, it's easier to say than done. Who would not want to have a business of its own, aside that it adds on your source of income, the way to earn and save big profits is faster than what you get from your salary from your main job. Unfortunately, not everyone is given the opportunity to start a business. Most likely, our salary from our job is only enough to sustain the basic needs of the family, saving some spare money to invest on a business is actually tough and hard.

While those who are given big opportunities to have their own business, they should learn to maximize their productivity to ensure bigger profits, because not everyone has the capacity to start their own business.

I think that opening a business requires capital, but even with small capital it can be done, because there are also businesses that can be run with small capital. and there is nothing wrong with opening a small business to make extra income or for a side, because generally a well-run business can grow because no one knows that the business that is run might become a big business. many people don't realize this, because they don't think long, I mean when they want to open a business but don't have enough capital, they don't continue it they choose to quit instead.

I mean, it's not a problem to open a small business if you really need extra income, because basic daily needs must be met such as food, electricity, water, and kitchen ingredients, that's the main thing in life because if they can't fulfill all of that then they will probably have difficulties with their lives. so in my opinion it doesn't matter if they open a business, even if it's a small business, it doesn't matter.

I work in one of the government agencies and I have not been disturbed and do not feel that this is a suicide scheme from what I am doing because in the end everything has its own proportion and level of management.
I think working anywhere will not be a problem if we have a plan to meet the future with good financial management that will not make us slaves to the regime or whatever it is that makes our economy destroyed.
I agree with looking for a side job or whatever it is called but in the end what I emphasize in this case is that I think it doesn't matter where we work whether we are in an institution or government agency as long as we are comfortable and we have the advantage of being in it why not. As for other options such as side jobs or investing in bitcoin for example, it is not an obstacle for us to close ourselves from the work being done because investment is a future program and has nothing to do with the work we are currently doing even though it is in government.

It must not only be business, other kinds of investments that can give some level of financial confidence is advised. Business is not for everyone, and in cases where business is not for you, it will take more from you than it will give you.

Before starting a business even as a government worker, or someone earning very well under the private sector, consider the business you are about to start and know if it is a marketable business in your location or not, Know if you are a business person or not, if you are a business person, it will be okay to proceed, but if not, you will need not to proceed with the business plan, or better you employ a manager with god business skills.

Business is really important in one's life. If you don't have any extension from your original source of income, you will really find it hard to sustain all the needs of your family, and if ever you can, saving for emergency funds will not be part of the plan anymore. That's why its an advantage if we have a business that will help to generate profits for us. In case we lost our job, we still have another soure of income that will provide for us.

The faith depends on how long they have been working for that institution and how much they earn monthly. If they have good pay while working there they may have saved up a good amount of money to start a business after that. Governement officials are being paid their pensions after they are retired it is also a good way or a good amount to start something if you the person use the money wisely.

This should also start as an eye-opener to those currently working for the government or an entity. My candid advice to such a person is that while working they should venture into something or a business that could serve as another means of getting money. Relying solely on your government work will not do anything good. This is because when new governments are in the seat, new policies and decisions are made, and if a person is lucky he/she will be affected by those policies and may lose their job.

It's not everyone who can establish, manage, and maintain a business; the reason is that they did not actually learn it. Not everyone is an entrepreneur, and if you don't have an entrepreneurial spirit, there's no way someone can even think of starting a business to offer some service to the public and earn from it while they are still working. Another thing is that there is some work you will be doing, and you will not have any quality time for yourself to talk about entrepreneurship.

Some people are also employed in some Bitcoin company where they are receiving a very huge salary. They see that life is good for them, so they only save for the future and also invest in other things.

In the Philippines, that's a massive staple. Most people who have worked 9-5 here would have retail stores available as well to support them, and since people here loved the sachet culture, these stores are always booming regardless of the economic state of the country. In any case this also entails that you have to be on the pulse with the market trends and stuff if you want to make it out alive cause there's no way you'd get away with a willy-nilly business idea no matter how much money and marketing you put into it.

Basically all I really wanna say is that more than having a side hustle you work on, you also have to be well aware of what this side hustle you're seeking is all about so you don't waste money and effort.

Everyone should have this mindset as it'll help out alot. Starting a business can be done very quickly from the comfort of your home and with the help of the internet. There are many businesses you can now do without it taking your time. You can automate the business too and they generate revenue that you can use to support your main hustle. Having a side hustle isn't just about having something to fall back on in difficulty times like your boss sacking you but also for financial support. A business or side hustle gives you more confident in life and can make you leave a bad job that the salary is the only reason you're still doing that job. We shouldn't be doing a job we hate but many people can't quit because they don't have other options.


Don't put your financial destiny in the hands of one job/hustle too because it mustn't be your boss firing you before you lose that job. Something horrible might happen and the job is gone, what then will you do. We're in the digital age, get yourself a digital skills that you can use in any part of the world you find yourself. Don't only depend on the physical business, have online ones too. Having just one source of income is a disaster waiting to unleash and can't make you wealthy. Investing shouldn't be the side hustle, side hustle are for bringing in money and not multiply money. Multiplying are for investment so don't consider investing a second hustle that you have as that's mandatory for anyone seeking wealth.

Living life is not all about the present but you should also live for your future, that is thinking for long term, if you can still keep your job forever or you need some alternatives that will also provide you a source of income. That's why having another source of income like establishing your own business while you are still working would be a great idea, that will give you double benefits in time. The important thing is you start building on it, with courage and determination, you will make a good reward that will create positive changes in your life.

This is not just a sort of plan but we should start adopting mindset like this. Learn to be resourceful as much as we could. In time, we will build financial freedom and live our life at its best.

Everyone always tries to achieve financial stability and independence by looking for work outside their main job. Having a side source of income outside of your main job can reduce dependence on one source of income. Some people have a lucky life because they can combine two jobs at once, between their main job and a side job to create stable income.
In the midst of increasingly difficult economic conditions, it is necessary to have additional sources of income to stabilize finances so that we can obtain savings for the future. People always try to live a better life, but there are certain times that require a person to live in poverty because luck is not on his side.

In this life of course everyone will think about how they can live their life better than today of course they will continue to try to work diligently in order to realize what they have dreamed of and in achieving the goals they want they need to do it consistently so that the targets they have set they determine that they can achieve it, when they have achieved what they want, of course they will be happy with the achievements they get.
Continue to learn and develop the potential that exists within us so that we can get what we have targeted to achieve financial freedom.

Personally, what is important is to have a safety net. People should have the emergency fund rolling when they get in trouble, specifically when they don't get any income. Another problem that arises is whether can people save and not spend paycheck-to-paycheck on their monthly expenses. Just simply judging people only need to add their sources of income is insensitive, a lot of factors must be considered.

It is ideal to have extra sources of income so anyone does not have to rely on a single entity. But sometimes a factual reality may prevent people from doing those things, be it time constraints or pieces of knowledge.

Those who work in a private company already have to live under a lot of pressure and then again there is always a tension in their head that they can be removed from the job at any time. Different officers or employees work in different private organizations with this kind of tension. Apart from the job, we should definitely try to find a permanent address. By permanent address I mean we should try to build our own organization in the field we are good at and try to take that organization forward. There are many such people in our country who have established their own companies by working in other companies and have created employment for thousands of people in that company. People's propensity to take risks and willpower are the biggest weapons, if people have strong willpower and if people can take risks then they will surely succeed in any work.

I experience the opposite situation few years ago, I worked in a company then I start freelancing and then I start getting many clients and think I could survive by freelancing and quit my job, and hopefully starting my own agency. But seems like I quit in a wrong time, not long after that, the pandemic hit, and then tech winter happened, and then crypto market falling, most of my client were from crypto company so I start losing clients. Now I am working in a company and doing freelance, I do both of them. I realized that it's better to just grab every chance we can get, and not taking reckless decision.

the world has grown past that stage when a single source of income will be enough to sustain someone. For you to effectively take care of yourself and not run Into always being without funds, you need at least three active streams of income which should comprise of your online earnings, the job you're doing and a business or investment you are making to fall back to in the even of unforeseen circumstances happening.

Apart from enduring that your have multiple streams of income, you also need to have several skills that are very relevant so if one isn't paying you at the moment, you can easily switch to the next one.

The covid has thought me a lot of season that anything can happen to anybody if proper plan is not on ground. Some rich persons became very poor because the covid disrupted their means of livelihood and they had to literally start from scratch. Depending on a single stream of income will only put you in a condition of borrowing to offset most of your bills and it gets even worse when your source of income is from the civil service angle that are very good at owing people.

Exactly, they get too comfortable and doesn't think about the long term future or their retirement plan, also the advancement in technology lead to the less number of employees required to do the jobs on the contrary population and potential candidates for the jobs keep increasing which means only less portion will get the opportunity while others need to find their way to make money.

Job security depends on a country, type of work, and personal skills (both hard and soft). Some people find it hard to find a job, and if they are fired, it's hard for them to replace that source of income. But that's not the case for everyone, as some jobs are simply in high demand, and some people find themselves in high demand. So if a person is confident that finding a different job won't be an issue, then there's no need to overwork and try starting a business while working full-time. Moreover, it's not like starting a business is an easy thing, and it's also not a guarantee of income. So someone might try to follow the op's advice but end up actually losing money because of issues with business instead of securing a source of income.

Op you are quite right about your post which I see as an advise not for only government employees, private or those that are independent, it is an information for everyone on the need to diversify our income or source of revenue. To depend on a source of income is now a thing of the past or for only the man to provide for the home no longer viable because the economy is now difficult to survive on, their is high cost of living of which only a source of income will not be able to take care of the home front, even singles don't find it easy to live a balanced life.

So no matter how difficult it is to establish more sources of income, it is worth it and not to depend on one job because when that fails, it is usually a problem to get up back.

People who worked smarter will have more chances of having a better financial life. I'm working irl for a company and I know that if I want to be financially free, I can't just rely on one source of income. Cause imaging spending 8 or more than of your hours per day and yet you're only earning this certain amount of money based on your salary. While the company you work for, could earn 100x more within those working hours.
If you're contented and want to just stay in the same status you have with working for other people, you can continue doing that. But if you want to achieve more, you gotta start finding other opportunities for you to increase your income. Investments and side hustle that doesn't require much time can be a great way as your other source of income. That's why even if I already have a work irl, I didn't stopped being here in this space

And with technological advances that can be used by everyone within a certain scope as well as a very general scope, it has also provided unusual job opportunities for everyone who cannot find work in any agency at the moment. So some people don't get a job because there is a lot of competition in every agency or in every open opportunity, which has made most people think differently so they can get a job that will lead them to become more independent. Examples include becoming an influencer, news and television reporter and news site developer today which is still widely consumed by the wider community.

I agree with you. At any time a company of any size can go bankrupt and start mass layoffs. And if you have only one source of income, you can be left with no livelihood at all. So it's always wise to have multiple sources of income, even if each one is quite small.

Before the pandemic, having only one income source might still be viable, but after the pandemic, with the price of commodities and goods increasing and continuing to increase, having one source of income is not an option anymore "UNLESS" that only source of income gives you 6-digits per month then that might be an exception.

Overall, building a business isn't the "ONLY" way for us to become rich. Building a business isn't the only way for us to be financially free because there are many ways for us to achieve it, and not all of us can build a good and sustaining business. TBH, I don't want to work for a BOSS, but for me to learn even more, I need to because working for them means you are learning as well, but not all are like me which is quite unfortunate. Business isn't the only way but there are still some other ways, and one of them is being a freelancer. I know that being a freelancer means you will still work with different bosses, but still, it can be another source of income aside from your day job.

Having one source of income might be a good thing to do, but even if you still build your own business, it might fail if you don't have the knowledge that will help you. You pinpoint business in your post like it's the only way for us to be financially free, and I disagree. Having an investment that gives you dividends every year can be a big source of income as well. That is if you invested. :D

If one door shuts there will be another door that we can open but an average man's mindset will be something that gives guaranteed payslips every week/month and increments every year and promotions whenever available but that era is over and this is different and there is no more job guarantee whether it's government or private job, we have to stay above the expectation if they don't want us to cut loose.

Most people can actually fall upwards, and benefit from losing a job, especially if they are skilled. There is high demand out there for workers at the moment, but it's very easy to become complacent and stick with one company. This can often lead to your wage not keeping pace with inflation, so unless you're getting good wage increases each year, you might find your salary is below what else is being offered out there. However we do live in a world of hustling, so you should always seek to put your money to work and look for extra sources of income. Ultimately you want to build a source of income outside of your job, that can maintain the lifestyle you want and build a big buffer in your finances.

No one is hoping or expecting a sack and depending on one source of income will be the big mistake you can make as a person. Most of the government work has time elapse that your services will no longer needed whether you are ready or you’re not, whether you are still strong and hardworking or you’re not, before that time approaches, it is necessary that you get an alternate source of income that you can depend on even after your work ends with the government entity. Inflation and many other factors that are affecting the economy of the country makes it hard to live your life on one source of income.

What is often not mentioned in such threads claiming that financial independence comes only by creating something of your own is how time- and life-consuming it is. No matter how many employees you have, your contribution is always necessary. No one knows your business better than yourself, and nobody cares about it more than you do. It's your creation, after all. You can't leave a business unmonitored in the hands of your employees; it won't end well.

I'm not saying to stick to 9–5 for your whole life, but having something of your own isn't always ideal and certainly not for everyone. You need to find what works best for you. The COVID-19 pandemic has opened immense capabilities with remote working and start upskilling. Times have rapidly changed.

Definitely it's good to have a business on your own, without depending on employment job because the contract might terminate anytime.

Definitely the result is to be emotionally diverstated if there is no other source of income generated from any other source.

Sometimes it's not our mind not to have self employment business, but just that the financial system of the economy I not good. People hardly feed 3 square meal per day talkmore of saving money for business. Emagine when some citizen of a country recieve $40 or $50 as there salary and there family responsibilities depends on it, how on Earth would such person save money to start a business?

If it was as easy as it sounds, everyone would have ventured into this side hustle to make an extra income but unfortunately this calling isn't for everyone.

I do agree with you this is the way to go, but unfortunately having to start an extra business depends on alot of factors that will make it difficult for many to start because some jobs don't give you the time for one or two errands and some leave you drained to the point of just wanting to rest the second you leave work..honestly it all depends on how labour intensive your job is...

You make this sound like it's retirement when it's not, besides  when one door closes another will open...keeping a positive mind is very important!

Having different sources of income is very important for us to make money rather than depending on just one job to pay our bills and carter for our needs. Cryptocurrency is another way for us to make money from the market and we don't have to lose guard or do something that is going to affect us in a long way. Even though we have a job, it is also good for us to look for ways we can create businesses so that we can start making something reasonable from what we are doing. Having a skill is another way we can build ourselves and businesses to florish and being us money.

People tend to think about a conventional job, that's fine, but the best way to evolve is to ask for income, conventional jobs are not necessary, earning money through any legal means is a way to escape from routine and becoming master of your time, something invaluable, it is not just about money to live, it is about having time to live, it is a part of the whole.

Nowadays, with access to information and opportunities to start businesses like no other time in contemporary history, it is a good time to ask for various incomes, forget the adjective work, change it to earning money.

Though there are many lines of business that one can consider, one should first consider what kind of products or services are in great demand in their local area. It could be a food supply business, a provision store, a boutique, a retailer, etc. All of the aforementioned businesses have the option of someone starting it small with minimal money, and before the person realizes it, it has grown big over time.
Therefore, survey what is demanded most in your area, and start up with it as a side hustle. You must not start it big amount

Someone doing a job of 9am to 5pm, will not have time to manage or supervise a business unless they have to quit their job for their business. This is a way to draw a balance. Starling a business is not an easy thing, business needs attention and more attention to be nurtured in the early time. I am not discouraging anyone from doing business but I want to tell us that business needs attention.

People who has a secured government job should be somehow stable and plan their lives while depending on pension for retirement. By this they won't be scared of being laid off at anytime and plan their lives very well.

 
I have seen most people say that when they quit their job, they have nothing to do and their lives are more difficult than before. All your words will be very useful for people in this forum. Owning a business is a very good idea, but doing business also requires capital and experience, and not everyone can do business. Businesses also require a lot of running and hard work, and many people have a tendency to live a quiet life. Owning a business is good, but if all people start their own business, then who will do the government job or people's job? So it is a distribution of nature where everyone is working according to their ability.
 
People who have talent don't look for jobs, but jobs find them, and they never face failure in life. Whether one is doing business, skilled, or a servant, if one is an expert in his field, he will be successful everywhere. However, there is no doubt that one should never depend on one source of income.

Working in the government is usually guaranteed so that they want to keep working there, there is also the matter of dismissal, usually from bad behavior, the government can fire them.

Whereas work in a private entity is certain to be subject to layoffs if the company is collapsing, this happened during Covid-19 where many workers were terminated because the company's operations were declining, but for the government, they are still working until now, there are no mass dismissals except for salary cuts, that I know.

Starting a business is not easy sometimes many people don't want to fail so they don't want to try it, from failure we can know about business plans that will continue to be developed but there are many constrained by capital, they don't have time because they are spent working.

Yes, with a single source of income for now it is not enough, maybe you can say it is mediocre for a month's needs, by starting a business we can increase our finances, there is also a failure that has become commonplace, the most important thing is that when you fail you can improve again.

Keeping up with the current market is very challenging.  If one has no accumulated capital and if he is suddenly fired from his job, it will be very difficult for him to survive.  No one should sit down for one job and be involved in business along with the job. Because no one can tell when trouble will strike in one's life.  A jobber can also invest a portion of his salary in BTC to help him in times of crisis.

I saw a thread that asked if you’d prefer the salary job or owning a business and many people picked the salary job. I find it crazy that we have come to the point where we prefer to be slaves than to become masters. It is very important that one should be build something while working their salary job because your salary depends on the success of the project. If the company dies tomorrow, so does your job, and then what? You start searching for another? But if you start building something, it can grow over time to a point that you can have your own business and run it in your way. Without the fear of someone firing you at their will.

Yes in today's time relying on a single job is very risky and will cause many problems that will be long lasting. We saw businessmen having a lot of money and when something happened to the world economy they did not take any fear of it and their daily life, while on the other side an ordinary person who had a single job when any bad news came to the market or if he is a government employee and when the prices of goods increase he is the first one who gets affected by it and the reason is less capital earn through that small and single job. The reason behind this is that a businessman diversifies his investment not only in one business but in many and when something happens to one of them the rest are going smoothly and give him profits. So I think we all need to take a step and start something new with our first job and earn double per month.

We must realize that this is subject to the psychological makeup of each person. This type is what is called "good servant but bad master."
Just as not all people are qualified to run a business, just as there are people who are not qualified to work full-time in a routine job. This requires exceptional skills that are not available to the majority, and as we see in the international economic fabric today, employees are much more than entrepreneurs.

Diversifying sources of income is one of the basic principles in the globalized capitalist economy due to the spread of the culture of consumption and rising expenses. Therefore, an existing source of income cannot be sufficient, no matter how large it is.

Problem is that starting a business and maintaining it is far easier said than done op. Furthermore, only some people have proper business related skills while the rest lack them due to which this is a risky proposition.

Instead, I advise investing in low-cap altcoins with great potential and HODL which could lead to a great secondary source of income in the future if they explode.

If you are working 8hrs a day then how exactly you will manage your business at the same time? This will not gonna work unless you have a partner who will handle the business management for you.

I get the point because I plan to do this after saving enough money from my current job but I will not do business while I’m still working because that will be a waste of investment. You should commit yourself on business if you want to become successful because there’s now way to grow it without your actual input on managing it.

It's not always about what a person thinks or wants about their future, it's about what they are capable of doing. Not every person doing a 9 to 5 job has the financial capability of starting a side business that they can grow slowly until the time they leave their job or get retired or sacked, etc. Besides, it's not easy for someone doing a 9 to 5 job to also manage a business even if it's small because there is a personal life one needs to take care of, and a family to spend time with. You can't just keep working 24/7.

Indeed, a person cannot just rely on a single source of income in the world we are living in because you can't do anything without money these days, and who doesn't want to have a business of their own? But, it's only a few people that can do things like that and have the capacity to manage two things simultaneously.

This can be considered a good plan, it doesn't matter if we work for one entity or company and rely on the income generated from that one company, especially with a sufficient salary, of course in my opinion it doesn't matter.

It does need to be considered that being a worker will be very difficult if we are fired from our job, therefore it is true what is said "then investing while still having income is a solution when destined to be in a difficult situation in the future" with this reducing the burden carried to finance life in the future. BTC investment is the best we can do as long as we are making money from our current job.

Sometimes a person's ability is different in doing something but being able to try to minimize the suffering that may occur in the future is a thought that everyone should have.

Single salary is not enough for satisfying your status therefore keep finding another job opportunity or any business which will not only make you profitable but your whole generation will take profit from it. Investment is the basic helper which help us during harsh condition when we have no other source of income and we are unable to do a job.

Remember that we cannot perform same as we are performing during young age so we should make certain preparations for our future when we will be retired and not young to carry out any business. People don't think about future and when they need money then they regret for past therefore it is must that if you have money then set some source of investment that will aid in your income.

If it works well and doesn't do anything strange the potential isn't there. This is the same as investing if you end up losing in the middle of the road. Plan B must be there if dismissal comes and happens at any time. I think that even though they are already working in an entity or government, they will always look for additional income options and will not focus everything on one point and that will arise naturally because of the increasing need over time.

Those that depend on one source always experience some challenges when they get sack from their working place, which they keep advising people in this forum not to depend on only one source but have other sources that is bringing income to you either daily, weekly, monthly and yearly in the community. If you are under somebody, all you need to do is to start saving money from that salary you are earning from your Boss, so that you can invest the part of the money on Bitcoin when the price decrease down in the market, and wait for the price to increase to your satisfaction before you can sell to grow your finances in the society. I know that nobody want to remain as a servant forever in any organization, that is why you see people like us looking for way to get this capital to create a good business that will be bringing income for someone to increase his or her Bitcoin investment.

There might still be people who are already contented with their financial status. They can find happiness in other things though. It does not mean that they are not diligent anymore. They still do, so that they won't be removed on their minimalist job and experience to have difficulties, until they can have another again. On the other hand, there are those people you defined but at the same time procrastinating, or not working diligently. Well, I can't totally blame them because I know that it wasn't also easy as it look or sound. It is only not fair if they are still being paid correctly by their boss. It's common for those who are working in the government.

I am working under a contractor. I have to struggle a lot to meet the needs of my family from the monthly salary I get from here. Now it is very important for me to find different sources of income for my financial stability. Currently, with rising commodity prices, it has become difficult for me to survive on my one source of income. Now I have to choose a site that can be a source of great income in a short period of time. Be it business or investment so that I can establish another source of income and gain financial freedom. In my opinion it is very important for everyone to have different sources of income to cover all the needs of the family.

Right, that's not wrong. If you already work in that field (contractor) I think there is a lot you can do there, especially if the owner of your company already has a lot of experience. For example, you can take over the work in terms of calculating the final mutual check before payment for the project is made, whether the work is obtained from a government or private agency and usually there is a fee for it and the value is quite good for a final report.

Having a stable job does not guarantee that you will never experience financial struggles. No matter how well compensated you are, there  are really times that your funds are very tight and would hardly afford to provide all the basic needs. The reason why having another source of income is a must. Don't worry if the profits is just small, the fact that you only consider it as additional funds or profits, then it's not necessary that it should be big or huge.

But sometimes, the least you expected that your business profits will only serve as reserved funds because you have your main and stable job, you will only be surprised that what you gain from your business is already the one you've been using to provide majority of your family needs. So the profits from your business has already exceeded the one you are getting from your main job.

It is talked about in many subjects as if starting our own business is a very easy thing to do. However, this is not as easy as it seems and the conditions are not the same in every country.

Let's start a business now. Let's do what we have in mind in reality. Such sentences are a dream in many countries and are very difficult to realize. People want to increase their income and improve themselves in many areas. Despite this, capital is required to start a business and it is very difficult to find or accumulate this capital.

Those who have the opportunity to start a business can try it, but in this case there are many risks and every business can go bankrupt before reaching the profit it dreams of. Those who do not have the opportunity to start a business are trying to find a second income. This is usually part-time work or work done over the internet.

I agree with your comment, it is not enough to have a single source of income unless you are rich and a lot can be done with proper time management.

Having another source doesn't matter how rich the person is, it is very difficult for someone to be rich in only one source because as for me, a person with only one source is not a rich person because any slide mistake he makes will result in nothing and even his competitors can easily set trap for him, apart from this one source income doesn't have longtivity because there are no other sources to support it. Some business owners develop numerous enterprises for a variety of reasons, some of which are to service the primary source of funds in order to reduce borrowing.

Everyone who wants to break free from a boss, whether you are in the public or private sector, should always be seeking to expand their earning abilities and sources of income. However you don't necessarily need to build your own business to achieve this aim. There are little slices of strong and established businesses that you can purchase on the open market every week day - at the stock exchange. If you earn enough in your main job, then you can buy chunks of stocks and build an income from dividend payments or re-invested profits that grow the share price. The main lesson is, it takes money to make money and don't expect to get rich over night - almost everyone who self made it big put in a lot of effort and made sacrifices.

The single salary was not the enough to run the current life,because the government getting more taxes from the people.After the evolution of complete economy based upon the government,the government are independent of introducing the taxes on people.From the soap to food,everything we are paying the hidden taxes.Ths saddest part is many illiterate don’t know about their hidden taxes in the good and services.So the income should be increased by many sources.If the family contain 8 people,atleast 4-5 should get into job to manage their complete expenses.


The people looking for the government job only for the secured salary from the government,the work is same for the people who work in private sector or government.The private employees work 4-5 times of government jobs work,but the government job holding people will get their income till their 60 years.

It's not too difficult when you are single, but for a married man with at least 1 child It's gonna be a battle for survival everyday and with just one source of income that means there's no time for a time off.
People will usually rely on finding another part time job than starting up with business from scratch, because business is too risky plus a 9-5 job will not allow enough time to manage a newly opened business and that's a very difficult situation. As far as Im aware of, for the business to become successful it usually requires double or triple of your time and effort when you're still working for someone.

It might not necessarily be a business because not everyone is good in doing business,  it can be an investment of building apartments for renting which can generate money monthly or yearly,  it can also be investment of going into agriculture or any other investment that is very profitable that one can always look into after retirement.

 People fail to make plans like this when they are at work forgetting that they will not have their forever. Having a business plan for the future  knowing that it is your personal own is just the best. Money earned from salary is fixed amount that will be recieved for a longtime , but profit in business or investment are not fixed and it is very profitable expecially when the business or investment is growing.

Based on the country I live in, people who do government jobs don't need to trade any other business besides government jobs. Because in our country government employees are given pension. When they don't have a job they can get through their later life with the pension money. If he wants he can do business with his pension money.

But in private companies there is a risk with jobs, today there is a job, tomorrow there may not be a job. Those who work in private companies should do some small business along with their job. But in our country, if you work in a private company, you don't get time to do business. Investing in Bitcoin can be a good option for those working in private companies. Because if you invest in Bitcoin in DCA method while working in a private company, you can earn a lot of profit in future. Which will be positive for the future.

In Bangladesh Government employees don't have to worry about losing their jobs, but those who work in private companies throw them out if they don't perform well.
Like you I am also a citizen of Bangladesh and I have been working in a private company for a long time.But I have been exempted from that which is why I am currently unemployed but I used to purchase some amount of bitcoins when I was employed.I used to buy bitcoins on dollar cost averaging method almost every month not much but five dollar amount I bought bitcoins.I am currently involved with a masonry job where I keep some of the payments I receive at the end of the week to invest in bitcoins.I am trying to hold my invested bitcoins for the long term.

Without proper skills and investment, it's really hard to start anything. There are too many of us on the planet, so it's kinda impossible for each of us to have a business and make money from it. I guess it's on each of us to try and some will succeed, some will fail, that's life...

When it comes to investing in low-cap alts I like the idea, but like with every other investment it's hard to find the right one, and there's that period of waiting, some people can afford to wait, and others need money today.

I have only one advice, people should try different things while they are young... it's easier to take some risks when we are alone without family to support. When late years come it's hard to find time and energy for additional jobs and taking care of family.

Work like a contractor can actually be quite profitable if the company is very good at managing all costs and managing its workers well enough. Because it will not be easy for a contractor to be successful if the company does not have good planning when the project is carried out, and of course this must be thought about beforehand. Although there is a plus point in calculating the final check, it can be done by the contractor if the work is completed on time and there are no obstacles.

Someone have to work under someone, it's just the way the world works, if you all become bosses I wonder who will work under you, it's not bad to be employee, it's call balancing, and its also not bad to work your way up and plan something better for yourself.

Even if you end up with your own business you will start hiring, isn't it? Everything is a gradual process, gain some knowledge and work your way up, give others the same opportunity too, I have served under few bosses before and today I am no longer working under anyone.

Some people don't have plans for themselves and such people are the highest in numbers, they just want to live on monthly paycheck and there is nothing you can do to make them think ahead into the future, also it's easier to call these people names but let's not forget that even those who have strong plans don't always live to see the whole plan unfolds, when we make plans it's left on heavens to accept them with a YES.

With current economic situation, inflation and all things getting more expensive, side hustling is a must, even when without the possibility of being laid off by our company, and more reasons to do so when there is that risk. The inflation growing more rapidly compared to our salary growth, without side hustling we actually earn less.

Tho some argue that some people doesn't have the time for side hustle but we must spare the time, we couldn't only rely on government to fix this problem, need to find our own solution while blaming the government for their incompetence.

Everyone being a boss is unrealistic, right? But, that's not the endgame. Ambition, the desire to rise. We acknowledge - being an employee is not a lesser fate; it's a stepping stone. Everyone's journey is different, but don't stagnate. We must learn from every role and assignment. Doesn't that define personal and professional growth?

Thinking about people who are happy with just getting paid, are they really happy? Maybe they're not reaching their full ability. What's happening now needs to be questioned! But it's not about putting down their decisions; it's about sparking an ambition. As the saying goes, not all plans come true, but isn't that what makes us unique? Even if we don't reach the stars, we shoot high and plan carefully, and we always end up higher than we started. That's growth, and that's the personality we need to encourage in everyone

I do not know for other countries, but in my country government workers don't get sacked and are given a particular years to retire after service to the government and are given huge amount as pention so they can use to start up a good business.

Taking the pention out of the box, it will be wise to every employee to start up a good business that will begin to fetch them money before their retirement. Business takes time to grow and reach a stage where you can be receiving good profits with out affecting the business. So the early we think and establish the easier and convenient we become after retirement, having something to lay hands on for income.

Yes that's right. Of course, to satisfy our status or be able to be financially free in the future, of course we have to rack our brains to find various additional income and of course investment is the best way for now, especially investing in Bitcoin, which makes future finances guaranteed.

If you still have one source of income, you must immediately get additional income. Because while you still have a salary you have to make the best use of it. If one source of income stagnates, there are still other sources of income. After all, which is better to work 8 hours building other people's assets or 16 hours building your own business or investing? When we are young, we must have a mindset that is far ahead, use the best possible time to build financial freedom in old age, don't regret it later because time cannot be turned back.

It's not a certain recipe which is going to work for everyone who executes this. We have to keep in mind economies work in complex ways and that starting a business requires investments and involves risks which may prevent the entrepreneur from recovering his money. Moreover, it might be exhaustive to work in a small business besides the regular job, what will prejudice the mental health of the individual. So it might not worth at all, unless the idea has a good chance of working since its very beginning, after a serious and deep analysis is made taking into consideration:

• The location where the business will take place;
• Purchasing power of the population around the business, and target public;
• Regional demand for the kind of service or product you are going to offer;
• Disponible budget to invest and forecast of how long it's going to take to recover the initial investment;
• How many hours you will be able to work in your small business daily and how many days of the week it's going to be open.

If all those basic requirements match, then I would say you can go ahead on your venture. If not, don't bury your idea too soon, but think about it more carefully until you elaborate an efficient way to put it in practice.

Do you really think that those who are working for an entity doesn't have another job doing or doesn't have a personal business?
Well, like I will always like to say nobody will come here to announced about their other source of income or having a total dependency of their government job like you said 9am-5pm job. Only armature who will keep announcing to people about their other jobs or source of income most people is applying security majors due to how the world is currently don't want to start showing off to what other side business they have.

Although from my experience, whenever a government worker is being occupied or to those who are working for an entity they could finds it very difficulties to start their own personal business why because their current job doesn't give them that space to start growing their personal business till maturity or to the level of yielding a good profits.

There are people that are okay to stay with their lifetime with their good bosses and that's why even if you tell them to inject ideas like this, they'll not try it. It's about the comfort and steadiness that they're getting from their bosses and company. But those that are unfortunate and can't find a good company and boss. They're the ones that are eager to find their fortune with having a business and that's why they're trying it out.

Just to give the idea, not all that try it on the first try becomes successful and that's a fair scenario for most who are trying it. But good to those that are doing well and getting the idea on how to do things on their adjustment periods and these are the people that are eager to try new things and they're not building up and taking care of someone's business but their business, owned and it can be inherited by their kids. That's one good thing with having your own business but even with all of those encouragement, not everyone will have the balls to do this.

As long as the superior or boss you have is still in human form, you still have the potential to be approached and get attention because so far there have been lots of people who have tried it, but of course it requires quite a lot of capital because the boss will definitely see the achievements you have. But when everything you do is not appreciated by your superiors, it is better to leave the job and look for another job.

To start your own business, of course, you have to have a lot of capital and relationships, or if you don't have all that, you have to have a product that is really used by many people because it's not easy to get buyers until they subscribe to always buy from the business that we run.

I don't understand about a boss that's still in human form. Do you mean to say about their behavior are not like humans? They're treating their employees like as if they're garbage? Well if so, there are boss that are like that and that's why many employees are just forced to go to their jobs because of the bills that they're paying even if they dislike the job, the boss and the environment. They are still waiting for some opportunity before they get out of it, this is normal in many companies today about having a lot of toxicity. That's why before leaving, you need some reserve and back up because if you don't, you'll have trouble for your expenses when you have no replacement and you left.

I disagree about having a lot of capital, you can start little and test it and grow it if there's a progress. Not at all businesses you need to have a huge capital. It's also like trading that you start small and check out the market if it's okay for you before you add more capital. But I agree about relationships and this is called network. This is important in building a business because as they say, "your networth is your network".

It's not wise for anyone to rely on just one source of income, especially in times when the global economy is struggling. Those working in government-owned establishments should carefully manage their employment duration and explore additional ways to earn money. I've observed many individuals employed by banks or government institutions who, when laid off, end up leading difficult lives. Sometimes they never get another job and might end up starting from a level they had never imagined. This is often because they didn't plan ahead. I often advise people that planning is crucial for a prosperous future. Even if you start with favorable circumstances, or born with a golden spoon, without proper planning, you might lose it all one day. It's advisable to have more than two sources of income to ensure you can meet your needs effectively.

Exactly @Hatchy and very wise if I read your review above and it is very understandable for all of us here, especially if you are married then you have to try harder so that your family can increase its income and not just rely on one source of income.


Someone whose profession is already working in a bank, I am sure whether he will apply for early retirement or end his working period well As far as I remember, there was something called severance pay in the form of a bonus at the end of the term of office as a form of appreciation for bank employees who had worked. But the main problem for them is how they will enjoy it, whether it will be redeveloped or just used to cover their retirement costs.

In another case, if the employee makes a mistake and has a big impact on the good name of the institution where he works, then he will receive a warning and receive nothing more (dismissed without honor).

Don't depend on just one source of income, if something happens that we don't expect to happen, at least there is another source of income that you can rely on to support your life. Having a side job outside of your main job can help or be the best solution when something happens to your main job.

Financial well-being needs to be maintained properly, just like a chair has four legs to support someone who is sitting, the stronger the legs of the chair, the safer the person sitting on it. Likewise with sources of income, the more sources of income, the more financial security you will have. Building a source of passive income is an important aspect for future planning. If you lose one source of income, you are still financially safe because there are still other sources that can bring you money.

True. That is why aside from my day job I have a side hustle here on the forum. I am saving right now because I am planning to invest in something. Starting a family is not a joke because it is literally a liability.

Relying on just one income stream in this unpredictable world is like balancing on a single tightrope above a pit of uncertainty. One wrong wobble, one gust of economic wind, and you're plummeting down with your financial security in tatters. That's why diversifying your income avenues is more than just a good idea, it's a lifeline.

Multiple income streams as building a safety net, not just from a financial standpoint, but also from a psychological one. Losing your main job wouldn't send you spiraling into panic with bills piling up like storm clouds. Instead, you'd have the reassuring cushion of other income sources, like a side hustle, rental income, or even smart investments, keeping your head above water while you navigate the choppy waters of job searching.

In this day and age, it is very difficult for us to just rely on one source of income. Even just supporting ourselves is difficult to do. What if you have a family with a wife and children? right? It is necessary in times like this that we have other alternative sources of income.

If those in other countries who are OFWs are still looking for other ways to earn money apart from the work they have there, these people who are already abroad, then we in our local country should also be diligent like them, for at least we get what we need for our families that we support, and that is one of the main things we need every day: food.

That makes sense, I think if you only have a job with a limited income that is only enough to meet basic needs and to save, sometimes it is difficult to save because your limited income is only enough to meet basic needs, it makes sense to look for a side job , they can do this to get more income and of course if they generate profitable income it can help their economy financially as long as they have the desire to do it I think they can do it, by having a limited income they are afraid that when problems arise that suddenly arise. -Sudden, such as an accident or any problem that is sudden and of course requires money to overcome.

I like what you say, friend, I have also received advice like that, where he said, we must have more than 1 source of income, it is good to have income from 4 sources, because it is like the legs of a chair, when we have 4 businesses that generate profits , of course we can sit safely, and if one is broken it is still safe because there are still 3 legs, now imagine if you only had 1 business or source of income there is no way the chair would be safe to sit on, and I feel motivated by He conveyed this sentence to me, therefore I myself want to have a business to recruit my friends who are not yet working, because that way I can indirectly help them economically or financially.

In this case, perhaps you are right to see this condition, policy making and economic reform are deemed necessary by the government in terms of regulating the prices of goods/services, both for basic and secondary needs for large traders so that they are not monopolized and excessive so that we as consumers are not too burdened and are able to buy them. especially when the current economic situation is increasingly uncertain.

Although, maybe our responses and expectations are different, where there is an impression that prices are only going up and our salaries are no longer enough to cover everything as we used to do before.

This is also a challenge in itself, especially for us as heads of families and there must be room to look for additional activities that generate income so that these demands can be met.

The problem here is some people don't like doing things on their own they like the trap called salary, so many big them like the slavery, once the salary is able to satisfy there immediate needs the don't see establishing a little business as an option again, but they fail to understand the fact that anything is possible, we have to think more things to do so that when there is financial crises we can easily boost of something to fall back to, I have watched people that concentrated on their job without investing in things that will be beneficial or bring more earnings to them, many of this set of persons are poor today because of there failure to do the right thing at the right time, people don't believe in investment or even saving, the only thing that they know is lavishing and thinking that tomorrow will be better than today without planning for tomorrow.

There is a saying that " You can never be rich, working for someone " But that does not mean that being an employee is bad. The need is that every employee should not put all their needs on salary is very important because having a legit side hustle or business that pays will go a long way for someone to survive in this global hardship hovering around the world, affecting the citizens of every country to excel in life.

One source of income is artificial poverty. Most employees spend more than what they earn, error. While doing the monthly pay job, they can learn a skill or apply for other part-time jobs, hence it won't clash with the one they are doing already.

It is true that there are limits so it seems to us that, like the saying you say, to get out of them you also have to have more skills and this is enough to help us so that we can fill important positions where we work.

Oh, I remember my friend who has worked for a long time in trading with Chinese people as an employee and is trusted and wants to resign with honor. What did the Chinese say. Make a shop and open a business first. If you do that we will support you. But if that's not what you're doing, we're sorry we can't help you further. This means that there are opportunities in the future that can make us people who have more rights in the future and I'm sure why they suggest that is because they have done it repeatedly and succeeded.

In this case we must be grateful that God still gives us the blessings of faith and Islam, so that even if we are fired from our jobs in the government or company we can still work elsewhere, now what we focus on is loving and starting our business, even though the business is small but very meaningful. , we are not controlled by other people, but we are the ones who manage people while honing ourselves to have more expertise in a job, whatever the job is, and there must also be a definite target or mission, vision in life.

Like all sayings, there is some truth to it, but there are exceptions, such as being an NBA or NFL player. They work for others and they are rich. Or the CEO who earns 10 million dollars a year. But in general it is a saying that is quite true, for the man in the street is more likely to get rich by setting up a business than by working for someone else. However, setting up a business has its risks and the person who does it can end up much worse off because sometimes you have to guarantee the business with your assets so that it can continue to function, like your house, and if the business continues to go wrong you lose it.

Wise people do that, they set up businesses and start creating multiple income streams when they have the money in hand so that they and their families don't face any problems in the future. These are the people whose children live a very happy and prosperous life with all the luxuries they could ever think of because their parents have done everything already and created businesses and income streams for them and their future instead of wasting money.

On the other hand, some people wouldn't do anything for the future and they believe more in living the present, which makes them spend every dime they get into living the best life now, without making any compromises, and when the money ends and they retire, that's when the problems start to pop up.

Getting a part-time job outside of your regular office hours is indeed diverse, but pulling it off is no walk in the park. We all want to have a side gig, you know, just in case we suddenly lose our main job. At least, it gives us a breathing space to pay bills and dues until we land a new job, relying on the side hustle for a while. But remember, it's not easy to do.

It takes a high level of discipline and consistency to maintain a good side job. There are loads of part-time gigs that may not be worth it because they're too demanding or maybe just too time-consuming.

Perhaps I can throw in a suggestion to opt for a side gig that's growth-oriented. That way, the longer you stick with it, the more your skills, business, or side job can grow along with you. And the best scenario would be having a business that becomes your main source of income, while your previous job, which used to be the main income, turns into a side hustle.  :D

Fate and destiny are two different things, destiny cannot be changed, if someone is destined to experience difficulties in building their finances for the better, they will continue to fail to achieve financial freedom even though they work day and night. Most people who are destined for economic difficulties will live a life with all their shortcomings, they are more commonly called poor people.

Fate can still be changed as long as there is a desire to look for other sources of income, relying on just one source of income is clearly not enough. There are still many other unexpected needs that can cause expenses to increase, increasing family members, house renovations and other unexpected costs such as a vehicle suddenly breaking down. Other sources of income need to be explored in order to maintain financial balance. There are deep considerations in order to achieve financial freedom in the future so that you can live a better life, so it must start from now.

I agree that destiny may seem like a fixed star in the financial world. But, isn't that a bit too pessimistic? Shouldn't we question someone's 'destined' economic struggles? Around the world, people have overcome 'destined' financial troubles through tenacity and smart decision-making. Not just harder, but smarter. They've diversified income, invested intelligently, and learned financial literacy. It's a brutal truth, but resting on the laurels of destiny is a cop-out. We must take charge and win.

Your point about fate being changeable is correct. Diversifying income is reasonable and necessary. Economic instability has never been seen before. Relying on a single source of income is a bad idea. Thrive, not just survive. We should investigate passive income, investment, and side jobs. Truthfully, it's not easy. Breaking financial stagnation takes courage, foresight, and determination. Every income stream strengthens our financial fortress. We must take charge of our finances.

It is normal that you are employed in a field of work and you are getting a certain salary every month from being employed in the field of work and with that salary you are doing well with your family. As you get fixed amount of money every month you don't realize how important this money is for you at this time but when you lose your job you will realize how hard the world is for you. If I put it simply, we never understand the value of teeth when we have teeth or when we have a body part we never understand the value of that part but when a person does not have that part in his body but he understands how important that part is for him. In real terms we should be careful about this before losing our job and we should be careful that there is no point in regretting after losing our job.

I have a friend who works in the government, so now my friend has retired, not been fired, but has finished working in the government, but what I want to convey here is the idea that he developed and carried out until now it has come to public attention and he succeeded in doing it, he did this business while he was still active in government, my friend's economy was growing rapidly.

So there are many things you can do, for example what my friend did.
While he was still active in government he managed to buy quite a large garden of land, currently he has developed several young plants, such as: young coconut, honey orange, palm oil and banana.
The four plants he is cultivating are now producing brilliant results, he can make $300 a day, and he can make $9000 a month, that's one example that can be developed without high risk.

Perhaps from my friend's experience, this is the best aspiration for all of us here, the young plant business is more economically profitable, where when we no longer work in government, with this business the economy will still develop rapidly.

I think those who have got a job with an income every month they have to maintain it, because that is their main income and with it their basic economic needs are helped, if they don't work and don't have an income of course they will experience economic difficulties, too People who already have a job must maintain that job, they must be able to move up in position so that their income also increases every month.You are right, besides, if they have lost their job, their situation will not improve, in fact, perhaps they will have difficulties because without a job, they will not get a steady monthly income. because if they have a job it is also for their own good, not for other people, maybe some of them and their families who may also have to enjoy a little of their monthly income. because everyone should have a fixed monthly income, especially men. In my opinion, men have a greater responsibility than women, because men will be the head of the family in the future, therefore I emphasize that men must have a job with a clear income every month.

If you have a regular job and you think you still have time to make other income besides your job, I think it's a good opportunity to take advantage of it. For example, here in the crypto space, you can do it inserted after your work, it just depends on the time management you do.

And there are many people doing this all over the world actually, let's not stick to just one source of income, as long as we can manage it, we will take advantage of the opportunity to do it for real. Just don't let go of your stable job, now when the time comes that your other source of income is stable, that's when you decide if you can really let go or leave your regular job at a company.

Exactly! We should never rely on one source of income. Instead, we should have multiple (if possible) sources of income. Because what if that source of income closes? It's true for the forum too. I know this forum is not a job place. But that aside, many of us are making some extra cash with the signature campaign. But what's scary is that some are totally dependent on signatures. They don't have any other alternate source of income. What if theymos decide to close the signature!? Scary, isn't it?

Yes that's right. Indeed, if you study it in theory, it seems easy to do side work, but in practice it will feel difficult because we have to be smart in dividing our time and have to be smart in seeing opportunities that suit our needs. circumstances. Because everyone's job will be different and not as easy as suggested. For example, my neighbor works as a factory employee. Can an employee have a side job? Employees also work from 8 am to 5 pm, not to mention they work hard and of course when they come home from work they will definitely be exhausted. And it's true, having a side job means getting a lot of support, for example, if you get into trouble from one of them, your income will still work. But it's not as easy as turning a finger to get additional work.

Your suggestions are quite interesting, and worth putting into practice if you can divide your time between business matters and your main job. But for me, I only have two incomes, namely from trading and from working. Because for me traders do not interfere with my main job.

A part time or side work isn't bad either. If I could make up time for some side work, I will surely take it, as it'll bring me some extra money.

BTW, I don't think a factory employee can pull off such a task. Working two or multiple jobs is just too much of a hassle for him. If it were me, I would have just stick to my old job.

Today is 26th of December 2023, how many of your friend that are doing white-collar job or work for the government that has set up a business actually succeeded in doing so this year? Let's start from there.

Business is not an adventure you jump into and comes out in flying color, you can give it a try and struggle to bye pass the turbulence and win and you may try it and fail instantly, there is no way about it; that said. If there is economy shake within the area where the business is situated, you will likely sell it and close up especially in a place where inflation has deeped seriously.

What kind of business do you even think a government person can start with when they are not been paid heavy amount, most of them depend on the paycheck to feed their families and pay the rest of the bills. You might say loan is available but it's a suicide to start a business with money on loan.



It's not good to depend on one source of income but that doesn't mean you should run and start a business, some of us are not a business type, some people can only excel when they work for another person and with proper management, they will live comfortably without struggling to pay for basic things. I mean, what's the point of starting a business after  raising large amount of money only to start a business and close it later, that's a loss you might never recover from you know.

Business is good and profitable if you know your way but instead of going through that and don't want to depend on a single source of income, why not do good extra work to get passive income. Why not invest the money into other good investment that will yield s remarkable profits later instead risking everything on business that might not end well.

The truth is not everyone can handle a business properly and sometimes during the process the person end up with loss and no profit so they will have to quit the process, have always love the idea of having multi source of income cause everyone seems to be competing, the idea of the op includes both the low salary eaners and high salary earner. Firstly any job that consumes time will pay high so every normal person will always have this mindset that nothing last forever so definetly he will leave the job some day, the best  idea is to build a source of income or rather invest the money for example real estate investment, bitcoin investment etc cause after retirement if anyone fail to lay a good foundation that person can't survive the economy, if anyone can't manage a business they're other means of earning money.

Owning a business has always been my dream, regardless if I have a current job that pays me well. It's still different to be your own boss, to be in control with your own time, and to work without being supervised by your manager or boss. Thus, growing a business is the key. Its only hard in the beginning especially if there is tight competition with same businesses in one area, but  eventually you will come to overcome it through your day to day experience.

However, if you can keep your job and your business without compromising the other one, that will be a lot better. It's best to have two heads than one, as the rate of success will be higher.

Maybe try to grow one yourself. I guess that you haven't ran a business yourself since it is still your dream. Your first business has the highest chance of ending up being failed given that you lack the experience in running a business. If your business idea is able to run without spending your whole time with it, try to build it that way. I experience so many businesses that fails because I got my first success in running a business. It's true that you own your time but the amount of time you will be spending on business is much more than your job working hours. That's why I believe that it is good to give all your time into your business if you have saw a potential to it by doing the test runs that only cost fraction of your time.

I agree that it is better to keep your job unless your business can support you fully. It is always better to have a secondary source of income just incase something bad happened to your other sources of income.

The job was become the hardest part now, some peopke quit job and start the business for the self sufficient.But after joining the business, they know the real life.Because the huge investment will be the essential one for the business man.The same time business loss their job,So he can't able to back to the job.Instead,they can do business with some technology.So the loss percentage in the business will become the low one.The business man should not get into the habit of taking loan for the business,later he can't wait to see the business interest in the long run.

Everyone has their own thinking and ability so they decide accordingly. yes not everyone can do business, just like not everyone can do a job. I have seen many people who are doing different businesses and I have seen people who are doing two jobs. Everyone knows about a job that after a certain time he will not be able to do it, but about working for himself everyone knows that he can do it even in old age.

It is not necessary to do any physical work, if you have the ability, you can make the best investment for the future with your best ideas. A job that takes longer does not necessarily pay more. People who have talent can earn as much in an hour as other people earn in a day. It is important for everyone to have a good foundation before retirement, not after retirement, because after retirement you will be able to build on it. No one knows about life and death, but man must always plan for the future.

Opportunities do not happen to everyone, hence we can't expect for equal opportunities to all. I believe a lot would really want to have a side business that they can get additional income aside from their day job, but their time and finances do not cooperate. Or they have all the time and money but they don't have sufficient knowledge and skills that will make their business or investment works. The reason why a lot still end up sticking to their first job and continue to work in order to produce consistent flow of income.

Lucky are those who were given good opprtunities to start a business for themselves, because they can be no longer work for others since they are the boss already of their own business. And most especially, their income will never be fixed anymore as they can have unlimited profits every now and then.

Pressure makes a person sometimes have to take shortcuts to get something bigger (income) which is of course to meet their living expenses, but sometimes it won't always go that smoothly, in any case nothing is easy, many people prefer to work and get a monthly salary as a reward for the sweat they have put into a company and some people choose to build a business with the aim of achieving success when the business can match their dreams someday. But sometimes like I said above that every choice is not the best and that's why there are always difficulties in doing it, so quitting a job and switching to a business doesn't mean it's the best choice to change everything especially financial strength.

All fields require sacrifice and there is nothing instant to achieve success, especially if you prefer business over work, which you yourself have to determine everything, if you have good management and planning in the business you choose then gradually your income is likely to grow but all that is not easy and only the process and sincerity can answer it. So I think it's better to consider again before you leave your job, look for many references from several sources about the business world.

Maybe everyone will also take it if they have the time to do it enthusiastically and diligently, because the benchmark itself is the income that can be obtained by using free time on side jobs or so-called part-time jobs. However, we also have to pay attention to how much money we can get during that part time, whether it is enough for the time we sacrifice because with every sacrifice of time there must be a feeling of tiredness which we also have to accept happily.

There's really nothing wrong with that, because I also often see factory workers or rough people in various factories who don't have time to do side jobs. This is of course caused by the small amount of free time they have, which makes them unable to do more work except for the main work they have done so far. But they also have to think that a side or part-time job can also help them in life when they no longer have the strength to work in a factory as a manual laborer.

I think everyone wants to have their own business rather than working with other people, even with a big salary. Because at any time we could be fired or something like that. Having both would be much better without sacrificing one, because with additional income we can allocate it for investment funds.

That's why we need to have skills, credibility and a network that makes us always lucky. Never stop learning, always maintain trust and not violate trust, and have a good relationship with everyone because you don't know which of them will provide an easy path for us.

Who doesn't want autonomy and financial freedom? Cut through the idealism: not everyone is a good entrepreneur. The road is rocky and uncertain. And about employment? Of course, every employee faces the danger of firing. Let's not underestimate the benefits of a stable paycheck. Many depend on a monthly paycheck for financial security, which business can't supply

Your argument about skill, credibility, and network is critical! Today, these are worth more than gold. The construction of these, however, necessitates patience, hard work, and an unrelenting drive for perfection. We must consistently improve, build partnerships, and keep a good reputation. The grind never ends. Continuous learning and trustworthiness are crucial. Remember, this isn't a fair world. The dog-eat-dog corporate world requires constant strategy and foresight. Because we're our biggest asset and liabilities

OP what you said is absolutely correct, a government or private firm employee is suppose to have other means of either earning a living or generating income for themselves, the way things are going day my day, I have found that the so called salary or wages is no longer enough to carter for the family or general needs, that's why workers should save or borrow money when they are in active service so that you the can open a business with it, if not, if any ugly situation occurs, you will find yourself to be blamed, this life is full of many things and that's why we need to plan before implementing anything, personal business helps in covering of gap when the unexpected happen. 

I do agree that it is true that you can outgrow that, but the majority doesn't, so the few that does is not the common way. If someone grows up in a poor area, poor family, poor financial situation and a ton of struggles, the odds of that person being a rich person later in life is low, doesn't mean it is impossible, it just means it's low. You look at it, and one out of every 100 kid that lives in a poor area ends up having some money eventually, and a dozen of them make a normal, not rich, just normal regular life, and the rest are still poor, some in jail, some dead before 30 due to drugs, so it is more common to have a bad result.

The most possible way is to figure out how you could both work and study at the same time and go to a college, doesn't need to be Harvard, a community college is just as valid for that life, and make some money on your 20's to make sure you get a decent apartment room, and then it is better for your child who could have a much better life than you had.

It's not always possible for someone to have multiple sources of income, but one shouldn't consider signature campaigns a full-time source of income if it's their only one. Signature campaigns these days don't even pay enough for someone to live their life off of their earnings, so I wonder how one can rely only on a signature campaign if they don't have any other source of income. So, one should have a full-time source of income even if they are participating in forum signature campaigns.

There was a time when users used to earn a living through bounties on this forum, I remember how hyped bounty campaigns used to be because at that time, ICOs were very famous and projects used to gain large capital and good value when they used to launch their tokens in exchanges which used to make bounty hunters good money for the tokens they've gathered. However, things have changed now.

I fully agree with you, the current economic situation is quite fragile and a new major crisis could lead to a global recession. Being prepared for the worst case and having alternative sources of income is a good idea that could save us during the next crisis. Having a side business that generates income for us is a good idea, as long as it doesn't interfere with our main job. For example, in my contract it's written that I need written approval if I want to be employed by someone else. Even if it's just a few hours on the weekend that has nothing to do with my usual work I need to inform my boss. So, in case it's some public work we need to make sure it won't hurt us in the long run. What helped me a lot to generate some additional income is selling older things from the basement of my family. Giving them a small percentage of the profit and clearing out old stuff is enough for them to give me their antiques. Something else where the wife of my best friends makes a lot of money from, is making baby clothes at home and sell them via Instagram.

There's an urgency to alleviate the mindset of being an employee without any form of financial backup.So many person's have been victimized and laid off from their jobs unexpectedly which has lead to depression,anxiety and even death.

Presently,everyone wants financial security,but unfortunately,we ought to know that no job will give us 100% satisfaction.Warren buffet once said we should "Never depend on single income,make investment to create a second source".
I think we should save aggressively,invest wisely,work your strength to achieve your long term financial goals while your still an employee

Relying on just one way of making money is not good idea , like having a job with a company or the government, might not be the best plan. Imagine if something not good happens, like the government decides they don't need your job or the company you work for closes down. If that's your only way to make money, life could get tough, and things might not be the same as they were. It's like having all your eggs in one basket. But, if you have different ways to make money, like maybe doing other things on the side, then if one way doesn't work out, the other ways can still help you. It's like having a backup plan so that even if one part of your money-making isn't going well, the other parts can help you keep things going smoothly.