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Economy => Economics => Topic started by: Blackie@5 on February 21, 2024, 03:29:34 PM



Title: How can it be possible coping with one source of income
Post by: Blackie@5 on February 21, 2024, 03:29:34 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help


Title: Re: How can it be possible coping with one source of income
Post by: Findingnemo on February 21, 2024, 04:39:19 PM
Just do the math, if your income is enough to cover the spending then one source of income is fine but its clear that it isn't so fine something else that pays you more than your current job or just adds side hustle spreads the burden for a while.

Comparing your income and lifestyle with someone of your same income range but a different lifestyle can't really justify your view so better focus on your income and how much that you expect to spend a month along with emergency funds if the income is lower or nil then as I said find something that can bring more money to your pocket.


Title: Re: How can it be possible coping with one source of income
Post by: kentrolla on February 21, 2024, 04:57:34 PM
Yes even I have gone through this as I had been doing more than one job but still struggling to cope with with the bills even after cutting down on all the unnecessary expenses. Here's the point if you are working multiple job with lesser income you will still struggle rather upskill yourself with the latest technology and get into high paying jobs in the market. Because I have seen a friend of mine who had invested his free time doing some networking course and end up earning more than what I earn with my two jobs combined. We need to focus on increasing our salary and yes having multiple stream of income is must as you never know when you may lose your job especially now as we are witnessing layoffs by tech giants as well, hence cannot be dependent on just one job or stream.


Title: Re: How can it be possible coping with one source of income
Post by: Ndabagi01 on February 21, 2024, 04:58:43 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Yes, some people can pay their bills using only one source of income because their expenses are equal to or less than their total weekly or monthly income. Many people who do not see one source of income as a reliable and satisfying source of income are living above their means, which causes them to constantly feel as if they are not living up to the standard they desire, resulting in additional expenses and making life miserable for themselves to contain.

Another reason you may notice that your source of income is insufficient to cover all of your bills is due to an increase in the cost of living caused by economic changes. If taxes, bills, and food prices rise while your monthly allowance remains unchanged, it becomes extremely difficult to cope with the economy, and your income cannot cover all of your expenses.


Title: Re: How can it be possible coping with one source of income
Post by: Zlantann on February 21, 2024, 05:10:11 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Living well on a single source of income will be determined by how much you earn and how you spend the money. Some business executives earn a lot of money that is enough to take care of their basic and other needs. Now, earning high doesn't necessarily mean surviving on a single income is a guarantee because many people are indebted even with a jumbo salary. This is caused by overspending or living in luxury more than they can afford. Some people earn little yet they live well with a single source of income. These people have learned how to cut expenses and live within their income. But just as OP said, it is becoming very difficult to survive on one source of income. Most people I know who are living comfortably have more than one source of income.


Title: Re: How can it be possible coping with one source of income
Post by: Stepstowealth on February 21, 2024, 05:33:24 PM
though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done
People who have been able to sustain their lifestyle from one source of income is because the source of income is a really well paying source of income that provides enough money to satisfy all their needs and for extra. Even on that, people who are like this and doing well on one source of income are still threatened to seek other sources of income and not totally depend on that because anything can happen and should be expected in this sort of economic climate.


Title: Re: How can it be possible coping with one source of income
Post by: Bloodseekers on February 21, 2024, 05:48:50 PM
though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done
People who have been able to sustain their lifestyle from one source of income is because the source of income is a really well paying source of income that provides enough money to satisfy all their needs and for extra. Even on that, people who are like this and doing well on one source of income are still threatened to seek other sources of income and not totally depend on that because anything can happen and should be expected in this sort of economic climate.
Those who can still maintain a luxurious lifestyle by having a source of income of course they have a high income and they can use the income they have for things they want, but I'm not sure they have a lot of savings because no matter how big the income they have if they continue to use it of what they want will of course only be enough for their needs and lifestyle but it will be very difficult to save.

Yes, each person certainly will not be able to survive with only one source of income. If they have a luxurious lifestyle, of course they will look for several sources of income so that they can have savings and investments for their future.


Title: Re: How can it be possible coping with one source of income
Post by: Baki202 on February 21, 2024, 07:10:45 PM
Yes even I have gone through this as I had been doing more than one job but still struggling to cope with with the bills even after cutting down on all the unnecessary expenses. Here's the point if you are working multiple job with lesser income you will still struggle rather upskill yourself with the latest technology and get into high paying jobs in the market. Because I have seen a friend of mine who had invested his free time doing some networking course and end up earning more than what I earn with my two jobs combined. We need to focus on increasing our salary and yes having multiple stream of income is must as you never know when you may lose your job especially now as we are witnessing layoffs by tech giants as well, hence cannot be dependent on just one job or stream.
You cannot do multiple jobs and still expect to be able to cope with the bills, You need more income to be able to survive with all these bills because everything keeps increasing and the pay is not increasing. Sometimes I wonder how people are surviving, even with cutting down expenses, you won't be able to avoid spending more. And there is no way you will say you do not want to work it is not possible because you will just starve. If you look at the population and compare wealthy people with average people, the difference is clear.

we have more average people than wealthy people and these average people are survivals People are given more priority to tech than even normal jobs now, and the tech era is taking over, so you have to choose if you want to earn well, There are a few steps that you can take, for example gambling, investing in bitcoin or even learning a programming language tech jobs will fetch you more money.


Title: Re: How can it be possible coping with one source of income
Post by: Lorence.xD on February 21, 2024, 07:39:39 PM
If you are sticking with one source of income, it is either you would strive for a higher position or higher salary to afford things. Another option is to adjust your expenses for things to be enough given the circumstance of only having a single source of income. But personally, eversince I started working, I never settled with a single stream of income. Well, yes, it is sometimes tiring however if you desire of more things then you should move more. Nothing's easy when it comes in life so better make the adjustment to serve the purpose you always wanted. You could start with learning new set of skills or things which may increase your credentials and/or the things you could offer in order to simply earn more. Again, this is an option if you no longer consider having two sources of income. It aso depends on what would work best for you given that we are living under different circumstances. Some people are okay with one job, and that's just fine. What matters is being able to suffice your daily needs and being able to save up for future nd emergency purposes, even little by little.


Title: Re: How can it be possible coping with one source of income
Post by: franky1 on February 21, 2024, 07:44:32 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

seeing some humans in public does not reveal how well they are operating behind the door of their house
many people drive a leased/loaned car and have a mortgage which they are only paying minimums of. where they are getting into deeper debt, but presenting themselves on the public street as successful

you need to stop looking at others and wanting to be them and instead concentrate on your own finances.
open your last 3 months of bank statements/ purchase receipts

look at the incomes and write down the average monthly income..
then look at the ESSENTIAL bills
housing cost(rent or mortgage plus any county taxes, insurances, HOA's related to the housing costs)
utilities(electric, gas, water)
transport(car costs, insurances, fuel. public transport.. but just for work grocery transport, not social occassions)
basic communication (basic plan internet/phone just to contact work that you are sick or to look for jobs. not the entertainment pack/add-ons)

separately look at the total grocery spends. (not fast food, not snacks) and average a monthly amount
work out the income vs those essential expenses

next is work out the other stuff.. work out where you are wasting funds. and list them all. find out whats really important to progressive life not a life that just keeps you in the same position.
do you need certain brand of groceries. do you need as much snacks/fast food. do you need a certain shiny car. do you need the entertainment packages.

try and see where you can reduce costs or sell things,or things that you can downgrade to smaller things.
do you need the extra bedroom/floor space or is there a smaller place you can live and save some money


Title: Re: How can it be possible coping with one source of income
Post by: GiftedMAN on February 21, 2024, 07:51:44 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

It is very difficult right now to survive with one source of income unless you are into a business that is bringing out profits to you on a daily basis and the profits you make is able to sustain you and also keep the business going otherwise I don't think one source of income can sustain anyone in this present economy where there is high inflation on almost everything. The people you saying paying different bills have you wondered how they manage to survive? A lot of people out there are dying in pretense some are showing off when they don't have nothing and some are also comfortable because of the kind of businesses they are into you shouldn't look forward to them rather you need to minimise your level of expenses or better still do things according to your earnings otherwise you won't have enough money to pay your bills.


Title: Re: How can it be possible coping with one source of income
Post by: khiholangkang on February 21, 2024, 08:05:57 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

No matter how much money you earn, if you are not able to manage it well, it will have no meaning at all. However, if you feel that your income is still not enough to meet your daily needs and pay your bills, then try to find additional income, for example by looking for a side job. Working part time is tiring, but it will be even more tiring if your needs and bills cannot be met. and after that, manage the income you have earned well. and I suggest that when your bill is paid off, stop taking out loans or taking out credit, because this really torments you.

Actually taking out a loan is not a bad thing, but if it is not managed well it will make your life even more difficult. Taking out a loan to cover a previous loan is something you should not do. Because it could make it possible for you to get into debt.


Title: Re: How can it be possible coping with one source of income
Post by: stomachgrowls on February 21, 2024, 08:26:04 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
All matters on budgeting i should say. It would be always that depending on the income you are making with your day job.
Set for example when im still having that one job before knowing crypto space... Salary would be divided into parts.

1. Bills
2. Food
3. Rent
4. Loans
5. Emergency Funds/Savings

These things should be mandatory except Loans but with having those shortage then it cant really be avoided on not to take one but as much
as possible you should really be avoiding this at all cost.

If you do saw that you do have that shortage with your income no matter how you do far stretched it out then it would be the best
time for you to look for alternative.Dont stop for 1 job as much as possible because of the problems that we do have on day to day basis
which its never been simple nor easy.


Title: Re: How can it be possible coping with one source of income
Post by: tyz on February 21, 2024, 08:26:35 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Could you perhaps specify which country you live in and what income (or at least if you are below or above average) you have and how many people you have to feed with it (just yourself or a family)? Because there are very big differences from country to country and region to region. For example, here in central Europe it is still pretty common to live from one income source pretty good.


Title: Re: How can it be possible coping with one source of income
Post by: serjent05 on February 21, 2024, 08:28:25 PM
Proper financial management, that is how it is done. If you have only one job always have a check and balance.  Check if your expenses exceed your income, if your income is short then check if you can cut some unnecessary expenses.  This way you may be able to meet your needs with just a single source of income.  One must be thrifty and live a simple life if his income is just enough to meet his needs.  Always prioritize the most important in setting up a budget and drop those that are not essential.  This will greatly help in lowering our monthly financial expenses.  

But there are cases when a monthly salary is not enough, this case can be seen in underpaid people so there is nothing for that person to do but look for an extra income.


Title: Re: How can it be possible coping with one source of income
Post by: Fortify on February 21, 2024, 08:32:00 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Some humans? Are you not human? That's a pretty strange way to write about other people but it might just be a language barrier thing. Anyway, the only way to move up in life if you feel like you're floundering when it comes to your finances, is usually to move jobs or get an additional side hustle on the go. If you're planning to switch jobs, it's better to stay employed and move from that position of strength while you apply elsewhere, you can also try to get as much extra education as possible especially if you can squeeze it from time with your current employer. Unfortunately employees and employers are in a constant battle with the latter trying to keep wage growth suppress because it effects the profits at the top.


Title: Re: How can it be possible coping with one source of income
Post by: coolcoinz on February 21, 2024, 08:42:46 PM
I used to earn very little for a time and would simply cut spending. I remember that once we were renting out a flat with my girlfriend and we both had low income and the bills for the apartment + food was 80% of our combined money every month, so we wouldn't party, go to the cinema, buy any expensive stuff. We had some emergency money in case something broke or we got sick and we survived. After 2 or 3 years I got a better job, started investing in bitcoin and everything improved.

My parents had 1 source of income all their lives and they managed. It's easy, you just need to manage expenses and buy what you really need.


Title: Re: How can it be possible coping with one source of income
Post by: topbitcoin on February 21, 2024, 08:49:54 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

You are indeed in a difficult situation, how is it possible that with the burdens and responsibilities you have, you only depend on one source of income? But thankfully you can realize this situation. It's not too late, keep doing your best. because to face a situation like this, hard work, smart work and high dedication are needed.

Actually, depending on one income is not so bad, compared to having no income at all. But with the caveat that you continue to increase the level of ability, knowledge and creativity that you have, become someone who is an expert in your field. When you are able to have a deep understanding and ability in a particular field, this can help you improve your career in the world of work, so that your income will also increase. Be a figure who cannot be replaced by anyone else. Make the company you work for depend on you. Not the other way around, where you are the one who depends on the company where you work. "Don't say this is impossible, because with perseverance and strong belief, nothing is impossible that you can conquer."


Title: Re: How can it be possible coping with one source of income
Post by: Fatunad on February 21, 2024, 08:57:16 PM
I used to earn very little for a time and would simply cut spending. I remember that once we were renting out a flat with my girlfriend and we both had low income and the bills for the apartment + food was 80% of our combined money every month, so we wouldn't party, go to the cinema, buy any expensive stuff. We had some emergency money in case something broke or we got sick and we survived. After 2 or 3 years I got a better job, started investing in bitcoin and everything improved.

My parents had 1 source of income all their lives and they managed. It's easy, you just need to manage expenses and buy what you really need.
You would really be needing to have that expense cutting if you do see that you are overdropped then you would be needing to lessening up those bills and expenses.
Ex. If you electricity consumption is high then you should be that mindful about savings on which its a basic stuff. When it comes to food on which as long it do fits and provides your stomach to full
then dont ask for more. For those wants then better skip that one.. Set your priorities first but not on the sense that you would really be spending up that much.
Always considering on living within your means because if you do live out a life which is more than on what you do earn then you would be basically be ending up on overdropped,
the worst you might be ended up on having tons of loans.

Just like on what most people been suggesting that if you've been able to see yourself having that hardship then it would be best that you should be looking
for another source of income to ease out that problem.


Title: Re: How can it be possible coping with one source of income
Post by: DabsPoorVersion on February 21, 2024, 09:13:55 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
I suggest that you take a close look at all your expenses and see if there are any that you can cut back on to reduce your overall spending. Additionally, you might want to consider searching for a better or higher-paying job, which could help you increase the amount of money you have available to cover your bills and daily needs. I understand that this is a challenging task that will require a lot of time and effort to overcome. However, you must stay positive, put in the necessary effort, and keep your long-term goals in mind.


Title: Re: How can it be possible coping with one source of income
Post by: Casalania on February 21, 2024, 09:20:07 PM
It would be better if you avoid comparing yourself to others. In my experience, doing so only leads to more stress as you dwell on how others have achieved their success. Instead, focus on yourself and consider taking a part-time job to increase your income. Everyone's situation is unique, and some people are fortunate enough to begin their careers with a decent income, while others are not. Use your current job as a stepping stone towards a better career with a higher income that can provide more for you.


Title: Re: How can it be possible coping with one source of income
Post by: RockBell on February 21, 2024, 09:25:25 PM
If you are sticking with one source of income, it is either you would strive for a higher position or higher salary to afford things. Another option is to adjust your expenses for things to be enough given the circumstance of only having a single source of income. But personally, eversince I started working, I never settled with a single stream of income. Well, yes, it is sometimes tiring however if you desire of more things then you should move more. Nothing's easy when it comes in life so better make the adjustment to serve the purpose you always wanted. You could start with learning new set of skills or things which may increase your credentials and/or the things you could offer in order to simply earn more. Again, this is an option if you no longer consider having two sources of income. It aso depends on what would work best for you given that we are living under different circumstances. Some people are okay with one job, and that's just fine. What matters is being able to suffice your daily needs and being able to save up for future nd emergency purposes, even little by little.
Having one source of income means you either have a well paid job or have a high position at work. The current economy of the country doesn't exactly encourage having just one source of income with the fluctuating value of naira and constant increase in prices of commodities, having just one source of income isn't advisable because as you are living in the present, you plan for the future. You can't spend all your earnings at once without having a savings plan and if your current income only provides for your basic necessities, how do you plan on starting a savings plan?.
However, with proper management and priorities one won't need to work two jobs just to meet your responsibilities.


Title: Re: How can it be possible coping with one source of income
Post by: AmoreJaz on February 21, 2024, 09:37:52 PM
It would be better if you avoid comparing yourself to others. In my experience, doing so only leads to more stress as you dwell on how others have achieved their success. Instead, focus on yourself and consider taking a part-time job to increase your income. Everyone's situation is unique, and some people are fortunate enough to begin their careers with a decent income, while others are not. Use your current job as a stepping stone towards a better career with a higher income that can provide more for you.

That should be the very first thing to do, don't compare yourself with others because you will go crazy on this part. Focus on yourself, check your earnings vs. your expenditures. How are you living with your daily life? Enumerate your basic expenses. And as much as possible lessen your unnecessary expenses. Once you assess this list, you can now think of where to lessen your expenses. Evaluate what is really needed, maybe some items are just wants and you don't need to buy.

If you only have one source of income, then, maybe it is high time to look for other options like looking for side jobs that you think can help you in your expenses. Otherwise, you need to tighten your budget or look for some activities that you believe you can do to lessen expenses such as -
> if you have small garden - why not plant some vegies so you don't need to buy it from the market
> de-clutter, sell unnecessary items that you think someone would want it
> look for part-time job over the net, just like from  upwork.com (https://www.upwork.com/), you just need internet and your skills here
> offer your services in your community,  in exchange possibly for food supplies
> live simple, be frugal


Title: Re: How can it be possible coping with one source of income
Post by: Yatsan on February 22, 2024, 01:27:54 PM
It would be better if you avoid comparing yourself to others. In my experience, doing so only leads to more stress as you dwell on how others have achieved their success. Instead, focus on yourself and consider taking a part-time job to increase your income. Everyone's situation is unique, and some people are fortunate enough to begin their careers with a decent income, while others are not. Use your current job as a stepping stone towards a better career with a higher income that can provide more for you.
I agree with avoiding comparison with how others are doing but in OP's case, he is seeking for a way to be able to pay his bills with only one source of income. First of all, he won't ask such thing if what he's earning is sufficient. There is only one way which is to make changes with his expenses to compensate his bills and to at least have any amount to save.  Ofcourse it would be better to seek for a side job or anything that will make his monthly earning, bigger. It would be the best solution; bigger salary means being able to pay bigger expenses. However, it is not as easy as it sounds 'coz it will depend on his circumstances. There are some instances that no matter an individual wants to add another job, his time just cannot fit another workload. Investments on the ither hand is also not simple to achieve. So I guess adjustment with expenses should be first done to make a margin and it is for later to think of how to increase his earnings.


Title: Re: How can it be possible coping with one source of income
Post by: Kelward on February 22, 2024, 02:12:08 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

The advice to your question is for you to have a budget for your income, plan how you spend your money and if possible let the expenditure to be lower than your income, this is the only way that you can be able to save money. In the case where your income is not even enough to cater for your basic needs, then you need to think outside the box, get a second job or learn a skill, either in digital like in information technology or manual like plumbing, electrical appliances repairs, berbing and the rest. The economic situations in many countries are worsening everyday and average income earners are finding it difficult to make ends meet, every must find legitimate means to increase their income to avoid poverty. As for those that can take care of their needs, you don't know how they're truly making their money, some might have other sources of income that you don't know, so don't envy them.


Title: Re: How can it be possible coping with one source of income
Post by: Negotiation on February 22, 2024, 02:23:09 PM
You said it's fine to see some people earning a source of income and paying the bills, but my advice to you is to find more alternative ways of working than the job you are currently working on. Then you can earn from both sides and pay bills easily. Since life is unpredictable, a monthly budget check up is critical to improving your financial health. Set aside some time to schedule organize and cancel all payments from your bank account to regain control of your finances the more control you have the less stressed you will be.


Title: Re: How can it be possible coping with one source of income
Post by: kryptqnick on February 22, 2024, 02:38:05 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
To be honest, I don't usually have a single source of income because I like doing multiple kinds of things and having more financial freedom in knowing that there's no single income source I rely on. However, I do have some experience of living with a single source of income. It can work really well if your income is high, which requires either getting a really great well-paying job, or living in a high-income country where the salaries are just much better. If you can't get a job that pays well, it might be better to have multiple sources of income.


Title: Re: How can it be possible coping with one source of income
Post by: angrybirdy on February 22, 2024, 02:41:57 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

I came from that situation before, so what I did was I listed all my bills and expenses, then little by little I did a cost cutting strategy. I removed all the expenses that were not part of my essentials. I had a hard time at first because I had to save fixed amount monthly just to increase the savings from the salary at work. Like what many people said "just live within your means only" and when you follow that, you won't realize that you're getting used to the strategy you're doing to save more. It will come to a point where you really need to save money, but of course you also need to treat yourself somehow so that you don't burn out from the job you have.


Title: Re: How can it be possible coping with one source of income
Post by: DeathAngel on February 22, 2024, 02:57:34 PM
If you have the skills & qualifications required to get a great job then coping with one source of income is not a problem. It’s tough in the modern day but still very possible to get by on a sole income. It might take you a while to find a job good enough to provide enough money but very possible. Maybe you need to explore going back to school to study to make yourself more high demand to potential employers.


Title: Re: How can it be possible coping with one source of income
Post by: 0t3p0t on February 22, 2024, 04:20:15 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
Well maybe that people you have seen is having the skills and degree that has a pretty decent or even on a higher tier salary that is why they don't need another source of income. For us who are unlucky to have a degree and skills I think we really need to find a job that is suitable for our qualification but still we can find a decent salary if we are smart enough to offer services or even bother to enroll in vocational course to acquire special skills to get a good paying job for us to survive.


Title: Re: How can it be possible coping with one source of income
Post by: Ogwejenny on February 22, 2024, 04:23:04 PM
 it  is very possible to cope with one source in this economy it will be slightly difficult because the inflation has affected the prize  of all product and services but  it all has to do with your ability to manage your income wisely and prioritize according to how important each item on your list is. now here this the trick at the end of every month make list of everything you have in mind to do for that month starting with the most important to the least important one then pick out your needs from  your wants.    


Title: Re: How can it be possible coping with one source of income
Post by: Rockstarguy on February 22, 2024, 04:59:45 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
I think it is possible for one to manage his/ herself with just one source of income.  This can be done just by cutting cost by leaving some certain lifestyle that have the tendency of spending more money.  Having the habit of not spending money on things that are not necessary can help people who have just one source of income to meet up with their important needs. 

For one to be able to cope with just one source of income,  you really need to be conscious how money is being spent on the things you actually need. The reason why some people find it difficult how to manage their money is because they aren't conscious on how they spend their money, they are being controlled by money,  that they can easily spend it on things that are not important whenever money comes their way.


Title: Re: How can it be possible coping with one source of income
Post by: |MINER| on February 22, 2024, 06:18:52 PM
Maybe his income is more than yours.  Now if one's income is 500$ his living conditions will definitely be better than the one whose income is 100$. If you are not able to live well with your one source of income then you can think of doing something different with your main job.  You can increase your creativity. Besides, you can do small business. Now the whole world is suffering from financial crisis. So living with a job has become difficult for many.


Title: Re: How can it be possible coping with one source of income
Post by: Sanitough on February 22, 2024, 07:40:10 PM
Just do the math, if your income is enough to cover the spending then one source of income is fine but its clear that it isn't so fine something else that pays you more than your current job or just adds side hustle spreads the burden for a while.

Comparing your income and lifestyle with someone of your same income range but a different lifestyle can't really justify your view so better focus on your income and how much that you expect to spend a month along with emergency funds if the income is lower or nil then as I said find something that can bring more money to your pocket.
A lot of workers are just coping with only one source of income. Yes, they still managed to survive but most likely they tend to be more hopeless and helpless many times just to make everything fit in their small income. Whereas if you have side hustles that pay you decent amount, budgeting would not be too tight plus you get to save spare money for future investment plans and for emergency funds. That’s the advantage of not limiting yourself to one single job, although it’s not easy but with right time management, you can still make it successful and productive.


Title: Re: How can it be possible coping with one source of income
Post by: Hamphser on February 22, 2024, 07:45:31 PM
Just do the math, if your income is enough to cover the spending then one source of income is fine but its clear that it isn't so fine something else that pays you more than your current job or just adds side hustle spreads the burden for a while.

Comparing your income and lifestyle with someone of your same income range but a different lifestyle can't really justify your view so better focus on your income and how much that you expect to spend a month along with emergency funds if the income is lower or nil then as I said find something that can bring more money to your pocket.
A lot of workers are just coping with only one source of income. Yes, they still managed to survive but most likely they tend to be more hopeless and helpless many times just to make everything fit in their small income. Whereas if you have side hustles that pay you decent amount, budgeting would not be too tight plus you get to save spare money for future investment plans and for emergency funds. That’s the advantage of not limiting yourself to one single job, although it’s not easy but with right time management, you can still make it successful and productive.
Yes they do survive but having that very stressful and tiring kind of life specially when you are really just that working just to pay up the bills and debts just like me in the past on which i do still have that one
source of income on which it is really that too damn hard to sustain specially if you do have a family to feed. There's no way that you could really be able to save up or left something for later
since everything is been eaten out by the expenses on which this is something a very challenging specially if you are the man or husband or father which needs to feed up many mouths
but well it doesnt mean that you would really be just simply give up.

Later on i have tend to look for another job online and it did really get in line with my skills or something that i can do. Its challenging to get your first job but
once you do able to build up your portfolio then series of jobs could really be there. It is really just that hard from the start but you wouldnt really be able to
know unless you do try.


Title: Re: How can it be possible coping with one source of income
Post by: darkangel11 on February 22, 2024, 08:25:12 PM
I had  a single source of income my whole life, unless you treat a signature campaign as a secondary source, but this makes me so little money that It's barely an income. I wouldn't be able to survive on that even if the only thing I had to buy with it was food.
The main factor here that differentiates between people who can survive on a single income and those who cannot is the country you live in. In most first world countries you can easily make it on a single source of income, just because we have things like minimum wage here and you can't be mistreated by your employer.


Title: Re: How can it be possible coping with one source of income
Post by: Obim34 on February 22, 2024, 08:46:35 PM
I had  a single source of income my whole life, unless you treat a signature campaign as a secondary source, but this makes me so little money that It's barely an income. I wouldn't be able to survive on that even if the only thing I had to buy with it was food.
The main factor here that differentiates between people who can survive on a single income and those who cannot is the country you live in. In most first world countries you can easily make it on a single source of income, just because we have things like minimum wage here and you can't be mistreated by your employer.
It could be base on your country and as well depending on how luxurious and convenient one would decide to live. Actually from my own country it is not ideal to rely on a single source of income except one is yet not married and only hustling for a single self but those who already have a home needs a good paying job and a business to survive.


Title: Re: How can it be possible coping with one source of income
Post by: Issa56 on February 22, 2024, 09:15:42 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
You can be paying your bills and everything will be fine with just one source of income, but depending on the amount of money you are earning and how you plan yourself, some people have multiple sources of income but are still in debt. I don’t really advise having just one source of income, because with the way inflation is hitting hard, having just one source of income is not really a good idea. But if you are being paid well then I don’t have problem with that. But what happens if your source of income gets compromised? How are you going to survive? If you have multiple sources of income, if anything happens to one, you will have another one which you will depend on.


Title: Re: How can it be possible coping with one source of income
Post by: Captain Corporate on February 22, 2024, 09:37:48 PM
I agree that "more" money is good for everyone, but one source of income could be enough based on how much you are making. I make decent enough that I am not in big financial trouble, if I had zero debt right now then I would live a very very comfortable life and shouldn't be an issue for me, its fine though there is really nothing that we can do about it. All in all, we are going to end up finding a way to get more comfortable when your single source of income is good enough. I believe that its not about the amount of work that you do, or the amount of sources, but more about how much you are making. Someone who makes 100 dollars in 5 different places still makes less than someone who makes 1000 from a single source.


Title: Re: How can it be possible coping with one source of income
Post by: Fatunad on February 22, 2024, 09:58:30 PM
I agree that "more" money is good for everyone, but one source of income could be enough based on how much you are making. I make decent enough that I am not in big financial trouble, if I had zero debt right now then I would live a very very comfortable life and shouldn't be an issue for me, its fine though there is really nothing that we can do about it. All in all, we are going to end up finding a way to get more comfortable when your single source of income is good enough. I believe that its not about the amount of work that you do, or the amount of sources, but more about how much you are making. Someone who makes 100 dollars in 5 different places still makes less than someone who makes 1000 from a single source.
The more the merrier eh? Its normal for us to have those aims and goals because we know that once you do have that money or financial capacity then you could do almost everything on this world.
You could buy the things you do want and you could be able to live up well compared into those who are living on poor condition. This is why we are doing our very best on accumulating as much as possible.
If you do find yourself on a tough situation then what you would gonna do? Of course you would really be finding another job or source of income on which you could depend on.

It is a normal survival instinct on which we would really be finding ways or methods on which it could make us survive on this world where everything do almost increases when it comes
to its price. So it would really be just that a normal approach and mindset that you could really be having on.


Title: Re: How can it be possible coping with one source of income
Post by: _BlackStar on February 22, 2024, 09:59:24 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
The main principle is not to spend more than your income. This principle requires you to save - of course not regarding primary needs, but secondary needs. You should avoid spending a lot of money on secondary needs so you can save - not necessarily all of it, but try to get primary needs first and use some of the rest for secondary needs.

The most important thing about this principle is how much income you have. If you have $1K to $2K in income from one source - then I don't think you will have a problem. But the problem may be when you only have $200 as a monthly income and you have to fulfill primary and secondary needs simultaneously.


Title: Re: How can it be possible coping with one source of income
Post by: poodle63 on February 23, 2024, 03:46:05 AM
The main principle is not to spend more than your income. This principle requires you to save - of course not regarding primary needs, but secondary needs. You should avoid spending a lot of money on secondary needs so you can save - not necessarily all of it, but try to get primary needs first and use some of the rest for secondary needs.

The most important thing about this principle is how much income you have. If you have $1K to $2K in income from one source - then I don't think you will have a problem. But the problem may be when you only have $200 as a monthly income and you have to fulfill primary and secondary needs simultaneously.
agreed, so long the income enough to fulfil the basic needs and also there's a little bit left over, its still easy to manage, its only become problematic and hard to cope when the income isn't even enough for food and to put roof above our head then its definitely time to look after some opportunities out there.
after all, even if our income is just enough that should already be a warning that we need to do something to make our income increase whether starting to commercialize our skills and so on.
there's definitely a chance that we can raise our income to another level, but indeed thats not gonna be easy journey albeit many influencers out there saying we just need to do it.
but we all know we can't do it without sufficient capital and knowledge, success is the fruit of hardwork, luck. skills and steel will.


Title: Re: How can it be possible coping with one source of income
Post by: rojan on February 23, 2024, 08:55:12 AM
Maybe his income is more than yours.  Now if one's income is 500$ his living conditions will definitely be better than the one whose income is 100$. If you are not able to live well with your one source of income then you can think of doing something different with your main job.  You can increase your creativity. Besides, you can do small business. Now the whole world is suffering from financial crisis. So living with a job has become difficult for many.
Now a days the situation in the whole world has become very difficult to live a good life with a job. Now people who are doing business can enjoy their life very well. So I think if we can do any small business it is ours.  It can be a good initiative to live a good life. But if one can do business along with the job, many opportunities can be enjoyed.


Title: Re: How can it be possible coping with one source of income
Post by: Fivestar4everMVP on February 23, 2024, 09:10:11 AM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
Do or did you consider the fact that; one source of income also depends on how much you are those persons are earning, so, i think the question is not all about how to coup with one source of income, but how much are you earning or making from that one source of income?

It might interest you to know that, there are some people out there who are doing just one job or working in just one company to make money, and the money they make or earn from that one job can equal to someone else's two, three, four, or even five multiple sources of income.

So, question I wanna ask you is, those ones who have just one source of income and are supposedly living comfortably, how much is their weekly or monthly income?
And how much is your own weekly or monthly income?
If you check it, they might be making more money than you do, which is why they can live well, pay their bills comfortably, while you can't do same, what I did advice you to do is, learn to live within your means, within your ability, and stop trying to live up to the standard of someone else, for they might be earning much more than you do.


Title: Re: How can it be possible coping with one source of income
Post by: Natsuu on February 23, 2024, 11:50:06 AM
Just do the math, if your income is enough to cover the spending then one source of income is fine but its clear that it isn't so fine something else that pays you more than your current job or just adds side hustle spreads the burden for a while.

Comparing your income and lifestyle with someone of your same income range but a different lifestyle can't really justify your view so better focus on your income and how much that you expect to spend a month along with emergency funds if the income is lower or nil then as I said find something that can bring more money to your pocket.

Yes know yourself first and know what you want in life. Some people want a simple peaceful life and theyre happy with it. I personally want a lot of things so I make sure that my income keeps up. I cannot cut off my expenses just because i dont have much money.  Try to upski if you want to earn more. Think of it like instead of juggling multiple low-paying jobs, focus on leveling up your skills. To cope with life is okay but I hope we all get to live and enjoy


Title: Re: How can it be possible coping with one source of income
Post by: rodskee on February 23, 2024, 12:01:43 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
have you evaluate your income and your expenses? maybe because you are living in not so appropriate in your own capacity?
sometimes others are coping with life because they knew how to do a proper budgeting meaning they are only spending
a little part of their income and the remaining is being saved and this is what you must know now since you are already in
crypto world and that is to know how much to spend and how much to save.


Title: Re: How can it be possible coping with one source of income
Post by: angrybirdy on February 23, 2024, 12:06:45 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
have you evaluate your income and your expenses? maybe because you are living in not so appropriate in your own capacity?
sometimes others are coping with life because they knew how to do a proper budgeting meaning they are only spending
a little part of their income and the remaining is being saved and this is what you must know now since you are already in
crypto world and that is to know how much to spend and how much to save.

exactly! there are other people who earn just enough, it will really take a lot of money budgeting to fit in, others save and don't prioritize luxuries because they know that once they spend on things that are not included in their essentials, they will surely break their budget.


Title: Re: How can it be possible coping with one source of income
Post by: livingfree on February 23, 2024, 01:13:17 PM
Even if you minimize your spending, you'll still have to find ways in increasing your source of income. I've done that before that I have tried to minimize my expenses but it's not just enough. No matter what I do with the tight budgeting, everything is insufficient.

Things are getting more expensive and that's why you need more money to purchase them. And if you don't have it, you'll have problems with your lifestyle even if you live frugally.

It's hard to have one source of income nowadays, that's for real.


Title: Re: How can it be possible coping with one source of income
Post by: demonica on February 23, 2024, 01:23:04 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
If you have a high paying job, it's possible to live in a comfortable life with only one source of income. But if you're receiving an average salary then it'll be hard. Well, kinda still possible if you're living independently with no other expenses aside from yourself. But if you're the other who lives with their family and having to support them really makes it hard to budget the salary and to pay all the bills. It's like your salary is only enough for your living expenses, barely having extra funds for saving and emergency funds.

So the best solution is to find another source if you can or find a different job that would offer you more than what you're currently receiving. If you can't do any of those things, then you'll be stuck with having this financial problem of managing your finances every payday.


Title: Re: How can it be possible coping with one source of income
Post by: moneystery on February 23, 2024, 02:01:27 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

it's simple, if you only have 1 source of income and want to maximize it to the fullest, you have to be able to record your expenses and save your money on things that are not important. because from my experience, after i record all my expenses, i can see which things i can reduce or eliminate from my expenses, so that with this i can save more on my expenses and maximize my income for the right things.


Title: Re: How can it be possible coping with one source of income
Post by: Jatiluhung on February 23, 2024, 02:15:26 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
Dependent on just one source of income is not easy. Even now it is becoming increasingly difficult after inflation has hit all countries. But small steps can be taken to meet your needs based only on income from one source. Namely by cutting some expenses that are not so important. Or prune what can be pruned. Try to live a frugal life. And it's not easy. Especially if we have many family members who we have to support. So the solution is still only to increase your income from other sources of income such as part-time or freelance work. And all of this is much easier to get on the internet nowadays. Because job vacancies in the physical world are very limited and more difficult. But on the internet, such as on social media, anything can be done as long as we are willing to try much harder than usual.


Title: Re: How can it be possible coping with one source of income
Post by: bitzizzix on February 23, 2024, 02:28:34 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
It depends on how much you earn, and I think many people have one income that is enough to meet their needs and also pay other bills. So it depends on how much income you have and how well you manage it, even if it is not enough, they can overcome it by cutting necessary expenses and living as is.
But for now, in my opinion, we have to be smart and independent so that we can consistently overcome everything without shortcomings or mediocrity. By having a side job or additional income, you can live in peace and financial security.


Title: Re: How can it be possible coping with one source of income
Post by: rojan on February 23, 2024, 02:48:34 PM
You said it's fine to see some people earning a source of income and paying the bills, but my advice to you is to find more alternative ways of working than the job you are currently working on. Then you can earn from both sides and pay bills easily. Since life is unpredictable, a monthly budget check up is critical to improving your financial health. Set aside some time to schedule organize and cancel all payments from your bank account to regain control of your finances the more control you have the less stressed you will be.
People need money to lead a good life as well as work skills. If a person has work skills he can earn money from anywhere and make a living.But it requires a lot of hard work. We know that if you work hard in the right place, you will get success very quickly. So we have to work hard to be successful. We can live happily and peacefully. The more money we can earn, the more we can live happily and peacefully.


Title: Re: How can it be possible coping with one source of income
Post by: Bigsharp on February 23, 2024, 03:08:55 PM
Coping with one source of income is possible depending if you are single and you have a good job that earn you better salary and you can minimize your spending

But coping with one source of income when you are a family man is not possible
Imagine if you are a family man with two kids or more and your wife that is family of 4 you pay your kids school fees you pay water bill electricity bill and all the rest it will be hard to survive with one source of income and  the average family don’t need to have one source of income

Price of things are increasing everyday and one has only one source of income with family of 4 your salary will be from hand to mouth and at times your will always live on debts once you get your salary you pay debts

But if your source of income is from crypto currency I think one can live with one source of income if you a good trader and a good bitcoin holder who know what he or she is doing


Title: Re: How can it be possible coping with one source of income
Post by: lizarder on February 23, 2024, 03:39:48 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
If it is said that it is impossible, there are still many people who currently only have one source of income to live their lives, but they can still live their lives even though they feel it is not enough to meet their living needs. If you have a lot of opinions but are still unable to control your finances then there is something wrong because maybe you are not frugal in your life or you are spending a lot of money on something you don't need. Life must be simplified in today's conditions because if we are not able to save whatever money we have it is not enough

If you have a steady income then it is best to use some of that income for investment needs or building a business so you can make money. When you are more productive then you can make more money instead of spending money on something that is not important and if you don't have a life plan then it is feared that you will have more problems when you are not able to make money regularly


Title: Re: How can it be possible coping with one source of income
Post by: Antotena on February 23, 2024, 03:40:29 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

We have people that have a single source of income and they are vee comfortable with the amount they earned. What's the catch? The kind of job they do is very lucrative, I know of a software engineer that earns good amount in dollars and when converted to local currency, the money is far bigger than what a software engineer earn here in my country, the sweetest part is that his job is even a remote job where he doesn't have to live his house for work and he has a clean ride, has his own built house from scratch and a wife with a kid and he is still living more than an average person.

What you need to do is to step up your source of income, if you are working in a place where you are been pay little amount of money or you are not been appreciated, it's better you look for another place where they can pay you higher, that's how life works. You need to work on your progress of life, you don't have to stay in one place when you aren't even earning well, look out for other opportunities.


Title: Re: How can it be possible coping with one source of income
Post by: btc78 on February 23, 2024, 03:42:29 PM
Basic answer: Their salary is high.

I can not tell you advices such as save more or spend less because it all comes down to one’s job salary. You can not compare your salary to others’ salaries because you have different jobs. You could compare your working benefits to other people on your field and decide whether your current job is enough to cover all your expenses.

If it is not then there is only one solution. Find another job that pays higher than your current one or find a second source of income.

If you think your salary is not the problem but your spending habits then you do really have to cut on your expenses. Recording your expenses might also help as well as budgeting ahead of time is also something I find helpful. You can find alternatives to the products you used to buy for cheaper prices. You can find that some cheaper objects have even higher quality


Title: Re: How can it be possible coping with one source of income
Post by: LogitechMouse on February 23, 2024, 04:22:21 PM
~
I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
It depends on the "source of income" that person has.

If the source of income of that person is through business that gives him 6-digits monthly then it's safe to say that he can cover all of his monthly expenses without any problem at all. On the other hand, if a person's "only" source of income is being an employee who's being paid minimum wage, I see that it's hard to cope with his monthly expenses. I'm just basing on the people around me, and that might not be the case for all employees at all.

I already knew from the start that if I didn't want to be like other people here who work for 8 hours just to survive the day without any savings being kept, I needed to have another source of income aside from the current one that I have. Having 1 source of income only especially if you have a family will not work especially if you are living in a city where prices of everything are more expensive than that in a province. If you want to cope with your monthly expenses, it's either you find another job that pays you higher, or find another source of income aside from the current one that you have.

Don't limit yourself. As long as you can work, do it. I mean we have 24 hours in a single day. Maximize that amount of time, and always be efficient. Of course don't forget yourself.


Title: Re: How can it be possible coping with one source of income
Post by: AVE5 on February 23, 2024, 05:33:26 PM
Lets assume there is no means for Alt source of income and you have one already, you can still keep life going and paying your bills. The possibilities of your one source of income to cater your bills and still meets up with your other financial responsibilities are
✓ How much you earns
✓ How your income is regulated
✓ How expensive are your bills
✓ What are your desirable expenditures/Your specs
✓ Overview of your financial expenditures
With the above listed being examined and determined, you op knows best of it so, it is expected that your expenses should be considered by determining how much your earning is.
Probably you might be overloading your income above the rate of your profits. So, it is advisable to be financially economical with analytical expenditury if you must meet up with your bills. Don't forget that there are essential bills which are the primary bills to be considered before any other.
You should also be aware that nomatter how huge or how spacious your financial source might be, it would never be seen enough for your bills because the more you earns is the more your bills expands so sometimes, it is not all about having Alt or diverses of earnings but mostly about how you utilizes your earnings.
Someone who has just one Source of income or someone who earns lesser but a utilizer, I mean a responsible spender could be more financial stable and reliable that those of attractive earnings.
So op, examine yourself and your financial status then take a decision to your bills.
Good luck!


Title: Re: How can it be possible coping with one source of income
Post by: spiker777 on February 23, 2024, 06:09:37 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
It depends on how much you earn, and I think many people have one income that is enough to meet their needs and also pay other bills. So it depends on how much income you have and how well you manage it, even if it is not enough, they can overcome it by cutting necessary expenses and living as is.
But for now, in my opinion, we have to be smart and independent so that we can consistently overcome everything without shortcomings or mediocrity. By having a side job or additional income, you can live in peace and financial security.
That's the point, I've seen people living great lives while just having a 9 to 5 job and no side jobs or extra sources of income. The reason behind that is they earn good enough and their pay range is way above their expenses, so everything is easily manageable with the only source of income they have.
It also depends on how good you are with financial management because there are some people who have high-paying jobs but they are still not able to manage everything with the money they earn and you will always find them struggling with their finances despite having a good income.
So it depends on how much you earn and then how you manage those earnings regardless of having a single or multiple sources of income.


Title: Re: How can it be possible coping with one source of income
Post by: acener on February 23, 2024, 06:26:24 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
If their income is more than enough for them and they are living comfortably then there is nothing wrong with it.
You need to re-evaluate how much you earn and how much you need, some people could live with a single source of income if their salary is higher than the cost of living, but if you are earning a minimum wage then you need to look for other source of income or side hustle to maintain what you need and to have money to spoil yourself or family.


Title: Re: How can it be possible coping with one source of income
Post by: bbigtart on February 23, 2024, 06:50:05 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
Overcoming financial problems with only one income, of course by saving. Don't go into debt too often, especially for consumer goods. If you have bills, you have to look for additional income or at least you have to pay them off immediately and don't go into debt again.

It's better to focus on basic needs first. If you have more tubes, you don't have to think about using them later. Because we don't know what sudden needs will arise in the future. Try whatever your income is with one income, you have to use or allocate your funds for %50 of your needs, %40 for investment and %10 for desires and eliminate desires for things that are not very important.


Title: Re: How can it be possible coping with one source of income
Post by: Franctoshi on February 23, 2024, 07:35:14 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Living well on a single source of income will be determined by how much you earn and how you spend the money. Some business executives earn a lot of money that is enough to take care of their basic and other needs. Now, earning high doesn't necessarily mean surviving on a single income is a guarantee because many people are indebted even with a jumbo salary. This is caused by overspending or living in luxury more than they can afford. Some people earn little yet they live well with a single source of income. These people have learned how to cut expenses and live within their income. But just as OP said, it is becoming very difficult to survive on one source of income. Most people I know who are living comfortably have more than one source of income.
Looking at it this way ,even though your salary is huge enough to cover your expenses and you don't live a luxury life, it isn't still encouraging to be living on only one source of income because if that one particular source of is closed your are likely to be doomed an may go broke especially if you're living in a country where there is no job, therefore even you're being ok with your salary,  one should source other means of earning money, should one close they will fall back to the ones.I have some that depended on one source of income because he was earning fat salary, bought car ,Mary a wife and also built a house while doing the job but now going broke because he lost that job last year.


Title: Re: How can it be possible coping with one source of income
Post by: freedomgo on February 23, 2024, 07:55:03 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
Overcoming financial problems with only one income, of course by saving. Don't go into debt too often, especially for consumer goods. If you have bills, you have to look for additional income or at least you have to pay them off immediately and don't go into debt again.

It's better to focus on basic needs first. If you have more tubes, you don't have to think about using them later. Because we don't know what sudden needs will arise in the future. Try whatever your income is with one income, you have to use or allocate your funds for %50 of your needs, %40 for investment and %10 for desires and eliminate desires for things that are not very important.
Getting into debt might be somehow inevitable for those who only rely on a single income. And if they tolerate theirselves from getting into debt most often, they will bury in debt in the future. It’s okay to take a loan but when you have saved spare money, prioritize paying it until you’ll not into debts anymore. Stick to your needs, avoid or delay your wants. They can actually wait when you have everything already.

Get out from your comfort zone and study on how investment works. After a long preparation, when everything is ready, physically, emotionally and most of all financially, then take the risk to invest. You will never get out from poverty if you don’t find means to improve your status. Investment is the key.


Title: Re: How can it be possible coping with one source of income
Post by: Hamphser on February 23, 2024, 07:58:58 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Living well on a single source of income will be determined by how much you earn and how you spend the money. Some business executives earn a lot of money that is enough to take care of their basic and other needs. Now, earning high doesn't necessarily mean surviving on a single income is a guarantee because many people are indebted even with a jumbo salary. This is caused by overspending or living in luxury more than they can afford. Some people earn little yet they live well with a single source of income. These people have learned how to cut expenses and live within their income. But just as OP said, it is becoming very difficult to survive on one source of income. Most people I know who are living comfortably have more than one source of income.
Looking at it this way ,even though your salary is huge enough to cover your expenses and you don't live a luxury life, it isn't still encouraging to be living on only one source of income because if that one particular source of is closed your are likely to be doomed an may go broke especially if you're living in a country where there is no job, therefore even you're being ok with your salary,  one should source other means of earning money, should one close they will fall back to the ones.I have some that depended on one source of income because he was earning fat salary, bought car ,Mary a wife and also built a house while doing the job but now going broke because he lost that job last year.
Majority of us does have that single source of income on which it do came from our day job but pretty sure that there are people who do have 2 or more depending or basing up with their own skills on which we know that this is something will really be normal for those who are really trying out to make their lives way more better or on the sense that they wont really be having any shortage on the time that there would really be some potential problems that could happen into them. We do know that this is something inevitable within this life on which it would really be that a common approach to have. It is really just that there are people who are really that get contented on the current single job they do have as long it would be able to support your needs and your living then it is really just that fine but if you do fell short then it would be ideal to have
another one as simple as that.


Title: Re: How can it be possible coping with one source of income
Post by: Findingnemo on February 23, 2024, 09:19:21 PM
Just do the math, if your income is enough to cover the spending then one source of income is fine but its clear that it isn't so fine something else that pays you more than your current job or just adds side hustle spreads the burden for a while.

Comparing your income and lifestyle with someone of your same income range but a different lifestyle can't really justify your view so better focus on your income and how much that you expect to spend a month along with emergency funds if the income is lower or nil then as I said find something that can bring more money to your pocket.
A lot of workers are just coping with only one source of income. Yes, they still managed to survive but most likely they tend to be more hopeless and helpless many times just to make everything fit in their small income. Whereas if you have side hustles that pay you decent amount, budgeting would not be too tight plus you get to save spare money for future investment plans and for emergency funds. That’s the advantage of not limiting yourself to one single job, although it’s not easy but with right time management, you can still make it successful and productive.

Side hustle can really ease out the financial burden but people were too stubborn to come out of their comfort zones or they feel like they don't really have any skills that can be monetized but seriously anything can be monetized in this digital era even the most useless things and a lot of social media influencers like tiktoker becomes something that they never expected to become without doing anything at all but ofcourse there is no assurance but better try and fail than just regret about it the whole time.


Title: Re: How can it be possible coping with one source of income
Post by: arimamib on February 23, 2024, 10:04:16 PM
Side hustle can really ease out the financial burden but people were too stubborn to come out of their comfort zones or they feel like they don't really have any skills that can be monetized but seriously anything can be monetized in this digital era even the most useless things and a lot of social media influencers like tiktoker becomes something that they never expected to become without doing anything at all but ofcourse there is no assurance but better try and fail than just regret about it the whole time.
That is an important aspect of the modern era when there is potential for individuals to monetize their skills, interests, and even seemingly trivial activities through side hustles, particularly in the digital realm. The opportunities presented by platforms like social media have democratized entrepreneurship that allows people to turn their passions or hobbies into viable sources of income.

The rise of social media influencers and content creators serves as a testament to this phenomenon. People who never envisioned themselves as entrepreneurs have found success by leveraging their unique personalities, talents, and interests to build engaged audiences and monetize their online presence. While there are no guarantees of success in the world of side hustles, the potential rewards, both financial and personal, can be significant. Embracing a mindset of experimentation and resilience can help individuals overcome initial challenges and setbacks on their journey towards building a successful side hustle.


Title: Re: How can it be possible coping with one source of income
Post by: sulendra12 on February 23, 2024, 11:04:11 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
Minimum wage on here doesn't even fulfill their monthly needs and they need to work harder and seek for additional income by doing side things such as freelancing or just adjust their bills to fit the minimum salary they get every month. It depends on where you live, people doesn't have access to these kind of things. But if you have then you have plenty of options such as online investments, life will change in the future.


Title: Re: How can it be possible coping with one source of income
Post by: oktana on February 23, 2024, 11:05:18 PM
First and foremost, you MUST cut down all expenses till the only thing you really have to pay for is something you need, though You can still occasionally buy what you want. While you do this, constantly look for other opportunities that could even get you employed with a better salary because if you don’t leave, your employer wouldn’t even increase your pay. It mustn’t be a new job that replaces the current one but can also be like an addition to the one you have already.


Title: Re: How can it be possible coping with one source of income
Post by: Smartvirus on February 23, 2024, 11:35:56 PM
I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
I think the only thing that could stop you from having yo meet up your bills based on your finances is you!

Yeah, how much you earn might play a large role to that as, your single source of income could pay as much as 3 streams to other persons but still, to live okay, you need to be very precise and have a keen eye on your finances.

Inflation has become the other of the day and it’s rocking the economy of most nations and so, you have to be able to use scale of preference and decide on what is most necessary, a need from a want and what needs satisfying. It’s a teach yourself discipline and management to aid you survive. People do it and should you find yourself not meeting up with bills, you ought to practice some good management habits too.


Title: Re: How can it be possible coping with one source of income
Post by: mirakal on February 23, 2024, 11:59:52 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
If their income is more than enough for them and they are living comfortably then there is nothing wrong with it.
You need to re-evaluate how much you earn and how much you need, some people could live with a single source of income if their salary is higher than the cost of living, but if you are earning a minimum wage then you need to look for other source of income or side hustle to maintain what you need and to have money to spoil yourself or family.
Know your cost of living. If you are living in luxury and yet you are only earning a minimal amount of income, hence adjust your lifestyle. If you can do that, you will not find any problem regarding having a single source of income.

However, not all the time we can stick to our budgeting without breaking the barriers. We still need to find some means for a greener pasture. That’s the time to expose yourself into side jobs. Or find another job that is more stable and is offering higher compensation that will still fit within your skills.


Title: Re: How can it be possible coping with one source of income
Post by: justdimin on February 24, 2024, 01:08:22 AM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done
It depends on how much they earn from that single source of income. Some people earn more money with a single source of income than many might not be earning with multiple. If that is the case, there should be no confusion because they are earning more money than they need from that single source of income.

However, if that isn't the case and they are not earning a lot of money from that source of income, then you are probably only seeing what's on the surface, which means that you don't see the struggle behind everything because they are probably piled up with loans and debts but they don't let those things get on the surface and they are surviving by doing everything they can.


Title: Re: How can it be possible coping with one source of income
Post by: boty on February 24, 2024, 01:22:40 AM
First and foremost, you MUST cut down all expenses till the only thing you really have to pay for is something you need, though You can still occasionally buy what you want. While you do this, constantly look for other opportunities that could even get you employed with a better salary because if you don’t leave, your employer wouldn’t even increase your pay. It mustn’t be a new job that replaces the current one but can also be like an addition to the one you have already.
What you say is very true, by only having one source of income of course we have to limit all sources of expenditure and limit all desires that we don't really need and only use income for things that we really need, looking for other sources of income of course this will be very important if we think about our needs in the future, because if we don't have savings that we can use in the future of course we have to continue working until we are old, so it is very good if we have some source of income to be able to save and also if allows investing for the future.


Title: Re: How can it be possible coping with one source of income
Post by: poodle63 on February 24, 2024, 04:12:49 AM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
If their income is more than enough for them and they are living comfortably then there is nothing wrong with it.
You need to re-evaluate how much you earn and how much you need, some people could live with a single source of income if their salary is higher than the cost of living, but if you are earning a minimum wage then you need to look for other source of income or side hustle to maintain what you need and to have money to spoil yourself or family.
some time some people are just living with bare minimum and there are plenty of them, minimum wage exists to give us quick glance that the whole country probably made up majority by these people earning minimum wage and they could cope with it maybe because they lived bare minimum living in the cheapest rented apartment there is, also just eating the cheapest food there is for example instant noodles which might be harmful if consumed long term but what they can do, definitely just keep on consuming that.
the only way as you said is having side hustle to increase the income or find a job good enough you will get enough earning for living and still have some money left.
after all money not falling from the skies.
one way of them might be investing and trading, find a way to turn that money into some good profit for us to hustle around, adding income to another level.
by then we will be comfortable enough.


Title: Re: How can it be possible coping with one source of income
Post by: Poker Player on February 24, 2024, 04:37:03 AM
I usually recommend that people have several sources of income but the OP's problem seems to be not so much that he has only one source of income but that it is not enough to cover his expenses. A CEO of a company that earns millions has enough with one source of income, he does not need more, although it is normal that he invests part of that money and generates a second source of income with his investments.

You need to re-evaluate how much you earn and how much you need, some people could live with a single source of income if their salary is higher than the cost of living, but if you are earning a minimum wage then you need to look for other source of income or side hustle to maintain what you need and to have money to spoil yourself or family.

Right but the other side of the equation is to try to evaluate expenses as well, as oktana says. If your salary is not enough, you have to increase your salary or reduce expenses, there is no other, but better if you combine both.



Title: Re: How can it be possible coping with one source of income
Post by: wxa7115 on February 24, 2024, 05:11:05 AM
First and foremost, you MUST cut down all expenses till the only thing you really have to pay for is something you need, though You can still occasionally buy what you want. While you do this, constantly look for other opportunities that could even get you employed with a better salary because if you don’t leave, your employer wouldn’t even increase your pay. It mustn’t be a new job that replaces the current one but can also be like an addition to the one you have already.
What you say is very true, by only having one source of income of course we have to limit all sources of expenditure and limit all desires that we don't really need and only use income for things that we really need, looking for other sources of income of course this will be very important if we think about our needs in the future, because if we don't have savings that we can use in the future of course we have to continue working until we are old, so it is very good if we have some source of income to be able to save and also if allows investing for the future.
The specialization required theses days, due to the wide breath of knowledge that exists, prevents most people to get more than one source of income, as they do not have the time, the skills or the knowledge to do this.

So most people will be better off by trying to raise the income they already receive, something that I will recognize can be difficult, since there are countries that have not recovered fully because of the economic crisis caused by the pandemic, and many business owners will not be very willing to offer a raise to one of their employees.


Title: Re: How can it be possible coping with one source of income
Post by: teamsherry on February 24, 2024, 09:21:58 AM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

I know lots of persons that have only one source of income and are still very okay and even have enough to spare to invest and take care of extra expenses like going out on trips,  watching a football match or buying tickets to a music event, it all depends on the size of that one income stream, majorly you know that why most persons want to get any extra income stream is to compensate for high expense which their current income is not enough to accommodate or they plan on going into a new level of life, or maybe to invest.

You know the size if your income and you know if there is need to increase it or not, you can have so many income stream and you can have one it all depends on the amount coming in, if your current job can't compensate for your plans, expense and lifestyle then having an extra is relevant, and even if it does and you want to invest you can still find an extra job, it all depends on you 😉.


Title: Re: How can it be possible coping with one source of income
Post by: Dr.Osh on February 24, 2024, 10:45:56 AM
well, I'm pretty sure that they are really diligent in learning how they can earn money from one source of income. People may show off their accomplishments and accomplishments, but they rarely show off their failures.
I also have the same story as you. I see people making quite a lot of money from just one source of income. However, when I tried it, I got something very different from what they got. With this, I came to understand that they did not achieve this in a short time.
If you want to imitate them, or want to develop a business to get big profits, then you need to persevere and keep learning.


Title: Re: How can it be possible coping with one source of income
Post by: nngella on February 24, 2024, 11:00:45 AM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

First, you need to know where your money is going.  Tracking all your expenses will help.  After that you will have the knowledge on where your money goes.
Second, look into the items that you spent your money the most.  Is it food? going out with friends? miscellaneous items?  Ask yourself if it is a need or just a want.  If it is only a want then you can minimize your expenses on this area and you can save the money or invest to to other necessities.
Lastly, it is always difficult to only have one source of income.  Hence, my advice is once you minimize your expenses then use the money to invest in order for your money grow.  You can put it in a bank with good interest, buy bonds, insurance, or stocks, or you can start your mini business.


Title: Re: How can it be possible coping with one source of income
Post by: Promocodeudo on February 24, 2024, 12:21:29 PM
Things has really gone very wrong in different countries, more especially African countries, for people to really survive their is a problem, coping with one source of income is not longer obtainable, the problem now is that to even see a job is no possible, hunger has become another name for most African countries, though some people that are earning huge are still making mistakes, most of them have the opportunity to invest their money in a meaningful business that can be making extra earnings for them but they prefer lavishing than investment, in conclusion surviving with a single source of income in Nigeria to be precise is not an easy thing because the current economic situation facing the country.


Title: Re: How can it be possible coping with one source of income
Post by: uneng on February 24, 2024, 12:25:02 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
Your post is too generic. We don't know how much your income is, how much your expenses are, how much the income and expenses of the 'humans' you are comparing yourself to are. Maybe you are spending too much on things you shouldn't, maybe your income is too low and the income of other people are higher, due to the kind of work they do, or maybe they have another sources of income and you don't even know, because informations about personal finances aren't the kind of thing people share with each other. There are so many variables that without further details we can't reach to any conclusions...

If you want advice you have to help people to help you by providing further informations and context.


Title: Re: How can it be possible coping with one source of income
Post by: xSkylarx on February 24, 2024, 12:30:46 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

For once, list all your spendings down to centavo so that you'll see where most of your money was spent. Probably you are too confident that you can buy it all because of your big salary, and you don't think now that it's enough for you. For sure, you are spending most of your money on wants like eating out at fancy restaurants or partying, and you just think that it is a small amount, but you are going every Friday, so if it sums up, you'll be shocked at the total of it.


Title: Re: How can it be possible coping with one source of income
Post by: Plaguedeath on February 24, 2024, 12:55:03 PM
It's either you find a better job or lower your expenses.

If you live in third world country, try to work abroad in first world country because you will make a good amount of money even though you're just work as waitress, cleaning service etc. That's the fastest way to change your life if you don't have an on demand skill.


Title: Re: How can it be possible coping with one source of income
Post by: Y3shot on February 24, 2024, 01:59:59 PM
It's either you find a better job or lower your expenses.
This vest way to manage the economy is just to look for a way to cut cost of expensive,  atleast taking this step can save one from managing money in this difficult times. Learning skills that can fetch one a double income can also help this time because it is not easy to rely on a source of income now that things are very difficult. Good management is what people needs to adopt to survive this difficult time of getting money.


Title: Re: How can it be possible coping with one source of income
Post by: gabbie2010 on February 24, 2024, 02:08:30 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
Making a Budget of your monthly expenditures and your monthly earning or income would help you to determine whether you are in a deficit, if so that means you either cut some irrelevant expenses or source for alternative source of income to augment your monthly income, though the other people you mentioned might have other source of income that you might not be aware of particularly there are plenty online investment that yielded guaranteed income probably that is what other people are earning alternatively as extra source of income thus it's up to you to also hustle to earn extra income if it is possible to do so.


Title: Re: How can it be possible coping with one source of income
Post by: southerngentuk on February 24, 2024, 03:07:28 PM
The struggle to make ends meet even with multiple jobs is a reality for many people, and it's not uncommon to feel stuck and frustrated. Your point about upskilling and seeking higher-paying opportunities is absolutely crucial. In today's dynamic job market, relying solely on multiple low-income jobs can be a risky and unsustainable strategy.

People's experience with networking courses and securing a higher-paying job is a powerful example. Investing in oneself through targeted learning and skill development can unlock incredible opportunities and significantly improve your financial situation. It's about playing the long game, not just chasing immediate income.

However, it's important to acknowledge that upskilling isn't a one-size-fits-all solution. While it's definitely a valuable path for many, it requires careful consideration and planning.


Title: Re: How can it be possible coping with one source of income
Post by: Negotiation on February 24, 2024, 05:36:24 PM
Every person should not be dependent on one income in life but should have or think of having another income along with one income. Any job or any income never makes a person independent there are some cases like if your income is more or much more then it is possible to do one job or one income to run a family and do everything else. In all other cases it is not possible to settle everything or everything from being dependent on one income.


Title: Re: How can it be possible coping with one source of income
Post by: suzanne5223 on February 24, 2024, 05:36:59 PM
The struggle to make ends meet even with multiple jobs is a reality for many people, and it's not uncommon to feel stuck and frustrated. Your point about upskilling and seeking higher-paying opportunities is absolutely crucial. In today's dynamic job market, relying solely on multiple low-income jobs can be a risky and unsustainable strategy.

People's experience with networking courses and securing a higher-paying job is a powerful example. Investing in oneself through targeted learning and skill development can unlock incredible opportunities and significantly improve your financial situation. It's about playing the long game, not just chasing immediate income.

However, it's important to acknowledge that upskilling isn't a one-size-fits-all solution. While it's definitely a valuable path for many, it requires careful consideration and planning.
It's not something new that all fiat currency are losing there value which is one of the reason the world biggest investment organization are switch to alternative like Bitcoin but everyone who can't follow the trends presented by the economic in the aspect of financial activities will find it hard to make an end means and also have some investment/saving.
The frustrations feelings is not the solution and it's better to cut financial expense to what are the most important instead spending on something that are not most important even if get a high paying job and maintain the perfect financial expense it will still be hard to make a good end means.


Title: Re: How can it be possible coping with one source of income
Post by: WatChe on February 24, 2024, 05:38:20 PM
It's either you find a better job or lower your expenses.

If you live in third world country, try to work abroad in first world country because you will make a good amount of money even though you're just work as waitress, cleaning service etc. That's the fastest way to change your life if you don't have an on demand skill.

In first world country your income is increased and so are your expenses. I would prefer to stay in my country with my family rather then doing odd jobs in first world country. With advent of Internet, the world is at your palm and there are lot many ways you can earn via internet. Bitcointalk.org is also a great place to earn money via signature campaign and by monetising your services like lending, escrow services etc. It's up to you whether you watch reels on internet or spend time in earning money.  


Title: Re: How can it be possible coping with one source of income
Post by: Ultegra134 on February 24, 2024, 05:46:12 PM
It's either you find a better job or lower your expenses.

If you live in third world country, try to work abroad in first world country because you will make a good amount of money even though you're just work as waitress, cleaning service etc. That's the fastest way to change your life if you don't have an on demand skill.
Sometimes seeking a better occupation isn't as easy, especially if your field of work is quite limited. Finding a secondary job is possibly the best solution, preferably a remote one, as commuting back and forth consumes time. It's a worldwide issue, and the increasing inflation is eating up our salaries. I'm now in a far better job, but my available income is far from what it used to be a few years ago. I was earning less money before and a little after the COVID-19 era, but I had a larger available income after paying all my expenses. 


Title: Re: How can it be possible coping with one source of income
Post by: Stable090 on February 24, 2024, 06:56:11 PM
Know your cost of living. If you are living in luxury and yet you are only earning a minimal amount of income, hence adjust your lifestyle. If you can do that, you will not find any problem regarding having a single source of income.
How are you going to be leaving a luxury lifestyle when you know you are not financially stable? Then you are just trying to cause problems for yourself, don’t always leave above your standard, if you are trying to impress people, then you are just deceiving yourself, if you don’t have a huge income, then the money that you are supposed to use and invest or start up a business will end up being spent on luxury, and you will be the one to regret it at the end. Some people have just one source of income, and they are fine, they are using the money for the appropriate things that they are supposed to use it for.


Title: Re: How can it be possible coping with one source of income
Post by: Mahanton on February 24, 2024, 07:09:44 PM
Know your cost of living. If you are living in luxury and yet you are only earning a minimal amount of income, hence adjust your lifestyle. If you can do that, you will not find any problem regarding having a single source of income.
How are you going to be leaving a luxury lifestyle when you know you are not financially stable? Then you are just trying to cause problems for yourself, don’t always leave above your standard, if you are trying to impress people, then you are just deceiving yourself, if you don’t have a huge income, then the money that you are supposed to use and invest or start up a business will end up being spent on luxury, and you will be the one to regret it at the end. Some people have just one source of income, and they are fine, they are using the money for the appropriate things that they are supposed to use it for.
It all matters with someones self awareness and common sense on what are the things that you would really be gonna try to do on which its true that on who the hell would really be moving out their way of living on the time that they would really be having that kind of outcome or result? But surprisingly on which there are really people who are really like this on which they cant really be able to make themselves that do think
about the most viable way or reason for them to do on which they are believing on something on which we know that it cant really be something that to be believable on which they are really that
raising up their bars without having that sufficient back up and in result then they do mess up their finances and this do results out that they are really that having that bad decisions in life.

People would really be just that having those kind of thinking about making adjustments is on the time that they would really be experiencing for themselves about those hardship things.
Having a one single source of income is really that hard nowadays on which you would really be finding out yourself on such big trouble or challenge if you do only have one
due to the economic problems that we do have now.


Title: Re: How can it be possible coping with one source of income
Post by: Viscore on February 24, 2024, 07:35:52 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

For once, list all your spendings down to centavo so that you'll see where most of your money was spent. Probably you are too confident that you can buy it all because of your big salary, and you don't think now that it's enough for you. For sure, you are spending most of your money on wants like eating out at fancy restaurants or partying, and you just think that it is a small amount, but you are going every Friday, so if it sums up, you'll be shocked at the total of it.
Focus on your needs, not on your wants. If you want to maximize your earnings and reduce your expenses, then you have to sacrifice some of the things that are not necessary in your life. Know your daily budget and stick to it. Because the moment you break your daily budget plan, and if you do it most often, you will end up struggling to manage your funds. No matter how big your salary is, as long as you never value every centavo of it, you will never be good enough to cope up with your single source of income regardless of how much you earn monthly.


Title: Re: How can it be possible coping with one source of income
Post by: beerlover on February 24, 2024, 08:41:32 PM
The specialization required theses days, due to the wide breath of knowledge that exists, prevents most people to get more than one source of income, as they do not have the time, the skills or the knowledge to do this.

So most people will be better off by trying to raise the income they already receive, something that I will recognize can be difficult, since there are countries that have not recovered fully because of the economic crisis caused by the pandemic, and many business owners will not be very willing to offer a raise to one of their employees.
That's one of the problems, in order to be hired for a single job, you need to be very good at it because competition is rough in most fields, unless you are someone like a surgeon or something. This means that you usually do not have time to learn one more thing or do one more job, and that's why it's always a trouble. This is why I agree that people should just do the job they are doing and do it better, make more money from your own job.

Earning more per hour from your job is the best thing you can do, get promoted, make more, it will lead you to have a good return one way or another. Give your years to a job and eventually you should be making enough, if not then you are not really doing a good job in the end.


Title: Re: How can it be possible coping with one source of income
Post by: harapan on February 24, 2024, 09:34:00 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Having only one source of income can be threatening to someone's financial security and financial wellbeing at large.For instance,if you lose your job unexpectedly or your facing several shotings/cut from your pay,it can rub you off your financial plans and disappoint you deeply with so much inconvenience.
  Some people finds it difficult to cope while some typically live well with one flowing source of income.Nevertheless,I think it depends on the financial plans or criteria that they choose to operate and adhere to.And here comes the 50-30-20 rule.The rule simplifies you put 50%of your money towards needs,30% towards wants,and 20% towards savings.The 50-30-20 rule is just a better option to guarantee you that you're on track with your spendings and likewise your lifestyle.
  Never depend on your single income,make enquiries to make/create a second source of income.If it will be too difficult,consult a professional financial planner for yourself and seek professional financial advice to avoid further mishaps.


Title: Re: How can it be possible coping with one source of income
Post by: Raflesia on February 24, 2024, 09:52:16 PM
It is a situation that is bound to happen because in the end with the income we have sometimes it is not enough to balance the needs and lifestyle that you run.
Actually it can be felt by many people but sometimes this also happens because we live too much without thinking about good financial management (I hope you are not offended).
Regardless of the size of the income, sometimes we also have to balance expenses with income as much as possible. Indeed, things like this are sometimes too easy to say but very difficult if we don't feel it but on the other hand this condition is also not an opinion that must be refuted but is a provision that we must carry out because after all when we really want to survive then we must be able to balance income with expenses for the needs we have.


Title: Re: How can it be possible coping with one source of income
Post by: oktana on February 24, 2024, 10:15:18 PM
First and foremost, you MUST cut down all expenses till the only thing you really have to pay for is something you need, though You can still occasionally buy what you want. While you do this, constantly look for other opportunities that could even get you employed with a better salary because if you don’t leave, your employer wouldn’t even increase your pay. It mustn’t be a new job that replaces the current one but can also be like an addition to the one you have already.
What you say is very true, by only having one source of income of course we have to limit all sources of expenditure and limit all desires that we don't really need and only use income for things that we really need, looking for other sources of income of course this will be very important if we think about our needs in the future, because if we don't have savings that we can use in the future of course we have to continue working until we are old, so it is very good if we have some source of income to be able to save and also if allows investing for the future.

I really appreciate that you agree with me but then, please understand that having savings doesn't save you from poverty or stop you from working till you are old. What can do that is investments. Merely saving money should be for emergencies, if not, all the money you make will be spent and will be finished someday. So, if you don't want to work till you're old, find a way to make money that never stops coming in.


You need to re-evaluate how much you earn and how much you need, some people could live with a single source of income if their salary is higher than the cost of living, but if you are earning a minimum wage then you need to look for other source of income or side hustle to maintain what you need and to have money to spoil yourself or family.

Right but the other side of the equation is to try to evaluate expenses as well, as oktana says. If your salary is not enough, you have to increase your salary or reduce expenses, there is no other, but better if you combine both.



And that is just the truth. You can never really stop spending because everything needs money. So it's best to find way to make more.


Title: Re: How can it be possible coping with one source of income
Post by: Iroh on February 24, 2024, 11:20:10 PM
Perhaps you’ve heard of inflation. It eats the value of your currency notes overtime so much that the purchasing power of an amount of money saved over a period of 7-10 years would lessen and wouldn’t be the same as at the time you saved it.
Perhaps that’s why you’re starting to find it difficult to pay bills and get other things done despite doing just that for the past several years.
Your income was just enough to cater to your bills and expenses. Now, with the constant rise in prices of goods and services, they’re simply not enough.

You also don’t fully know the financial situation of those people you look at and think they’re doing just fine and paying bills with a single income as they also did before. You’ve been assuming.
Comparing yourself and financial situation with others is plain dumb. Their household isn’t your household; along with differences in lifestyle. You need to focus more on yourself and forget about the income levels of other people.


Title: Re: How can it be possible coping with one source of income
Post by: mamesso on February 25, 2024, 01:21:25 AM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
Paying bills by relying on just one source of income can still be done as long as expenses are not greater than income. People who have one source of income are more thorough and careful in managing their finances, they try to live a simple life by prioritizing needs over desires. When you find it difficult to cover all your bills even though you have several sources of income because it improves your quality of life due to feeling able to overcome all financial problems with the large income you have every month. When you are not able to manage the economy well, it will be very difficult to manage monthly expenses to cover all your expenses.


Title: Re: How can it be possible coping with one source of income
Post by: WatChe on February 25, 2024, 11:01:01 AM
Paying bills by relying on just one source of income can still be done as long as expenses are not greater than income. People who have one source of income are more thorough and careful in managing their finances, they try to live a simple life by prioritizing needs over desires. When you find it difficult to cover all your bills even though you have several sources of income because it improves your quality of life due to feeling able to overcome all financial problems with the large income you have every month. When you are not able to manage the economy well, it will be very difficult to manage monthly expenses to cover all your expenses.

If you have only one source of income then one has to "stretch your legs according to the coverlet". If your one source of income is business then one can rely on it, as it's variable and normally increases with time. Those who rely on monthly salary can also live a normal life easily but progressing further in life is a bit difficult for them. It's best to have a second source of income that goes to saving or in long term investment. 


Title: Re: How can it be possible coping with one source of income
Post by: ajiz138 on February 25, 2024, 12:28:10 PM
Paying bills by relying on just one source of income can still be done as long as expenses are not greater than income. People who have one source of income are more thorough and careful in managing their finances, they try to live a simple life by prioritizing needs over desires. When you find it difficult to cover all your bills even though you have several sources of income because it improves your quality of life due to feeling able to overcome all financial problems with the large income you have every month. When you are not able to manage the economy well, it will be very difficult to manage monthly expenses to cover all your expenses.

If you have only one source of income then one has to "stretch your legs according to the coverlet". If your one source of income is business then one can rely on it, as it's variable and normally increases with time. Those who rely on monthly salary can also live a normal life easily but progressing further in life is a bit difficult for them. It's best to have a second source of income that goes to saving or in long term investment. 
Having many sources of income is a way that many people are looking for, but to be able to have it we certainly have to work even harder. We must use all the abilities we have, one of which is hard work and smart work. Usually people only focus on hard work but they forget that they have other opportunities to earn extra income. One example of smart work is investing.
However, when there are other problems that we have to solve first, I recommend solving them first. We do that to make us more comfortable in investing and not get distracted later. Because not infrequently people who fail in investing are those who still have other problems that have not been resolved.


Title: Re: How can it be possible coping with one source of income
Post by: bitLeap on February 25, 2024, 01:26:48 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
The solution is to have financial management if you don't do that then every expenditure and income of money will always seem insufficient uncontrolled and feel like  something is missing. working late into the night while getting a salary but running out in the blink of an eye because of the many bills that have to be paid means you need financial management. It depends on how you can manage it yourself, your wife/husband because in  my opinion knowing how much you spend each month will be easy to evaluate if you have recorded management.


Title: Re: How can it be possible coping with one source of income
Post by: fadhilz123 on February 25, 2024, 02:41:49 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

There is no need to be surprised that most people are able to pay more bills in their own lives every month just by relying on one income. Because such people usually have had more bitter experiences in their lives, such people will usually continue to save money in order to be able to pay off all the important bills for their lives. Although he will also continue to try to find other additional income in the future by not saying anything to many people around him.

Actually, you don't need to look for advice for days like this, because you can easily find out something simple like that yourself through the people you have noticed around you. Just go to the person who you think can settle more bills in a good way and then just ask him how that person settles more bills in his life. Then you listen to all the explanations completely so that everything you are thinking about can be enlightened without any problems.


Title: Re: How can it be possible coping with one source of income
Post by: meser# on February 25, 2024, 02:52:02 PM
Its all about management bro. I have seen many people who doesn't have income but they have many credit card and they turn their debts by using all of them. If you look at their situation you may say it can be possible to live like that but after 6 or 9 month you will see them in a debt pit. Or you can see many people live with only one income but they are using their source in a clever way so you can say I'm struggling with one income and how they can manage it. Answer is simple they made many things different than you. Maybe they use their shoes for 4-5 years but yours only for month. Maybe they have a small garden which they produce their vegetable and fruit needed from there. We can only make small guesses from your small paragraph and couldn't able to give proper answers.

If you want to stay stand with one income write your all expenses and find a solutions how you can make it cheaper and make action. But don't forget make it your life better not cheaper except it be  wise :)


Title: Re: How can it be possible coping with one source of income
Post by: umbara ardian on February 25, 2024, 03:04:08 PM
Forget the "one size fits all" when it comes to income streams. It's like choosing pizza toppings – some love the classic pepperoni, others go wild with pineapple. Whether you're chillin' with one steady job or hustlin' multiple gigs, it's all about what works for you. Money's important, but it's not everything. Think about it: would you rather have a fat paycheck and zero free time, or a single income with more hours for hobbies or Netflix binges? Balance is key, homie!

And the options ain't limited to just "job or two jobs." Freelance, side hustles, passive income – there's a whole world out there. Find something that fits your skills and passions, and remember, flexibility is your friend. Sure, one income can cover the basics, but don't let it limit your dreams! Upskill, negotiate, explore – whatever it takes to fuel your travel plans, business ideas, or just a bigger savings account.


Title: Re: How can it be possible coping with one source of income
Post by: Cityhunter34 on February 25, 2024, 03:43:31 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
Try not to compare yourself with the next person it's not a healthy thing to do, the other person could be earning more than you do but if you both earn the same amount it could be that you have higher expenses to cover. So I suggest you cut down on some unnecessary spending by creating a budget plan, you may not really have time to track your expenses but you should be able to differentiate between your wants and needs and consider setting financial goals by saving a portion of your income regularly. It is unwise to have only one source of income bro.


Title: Re: How can it be possible coping with one source of income
Post by: Asuspawer09 on February 25, 2024, 04:10:39 PM
It is still going to depend on how you handle your finances, lifestyle, and probably your salary as well. I mean there are really salaries that are not going to be enough for sure if you're just going to maintain one source of income you could probably survive with that, but I would bet that no one here is actually working full-time just to survive, but instead live a kinda luxurious life as well, something where we could probably buy at least what we wanted most of the time not just to buy something that we need.

Personally, here in my country, it is probably going to be difficult if you only have one source of income, I mean depending on your salary if you're on a senior level probably with a salary of about 1000$ it is probably going to be enough at least for the most part with only one source of income, but if you only get minimum wage salary that is going to be difficult to do that, not to mention some other problem, I have a friend that is earning a kinda great salary and only one source of income, the pay was actually good and even compared to my salary it was almost double that but still wasn't enough because he is a breadwinner on their family, he's the only one working that has a decent pay, he's a parent is not working anymore so it's really difficult on his position to still buy things that he really wanted.



Title: Re: How can it be possible coping with one source of income
Post by: Mao Sama on February 25, 2024, 07:09:12 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
Basically everyone in this world already has their own sustenance, so we just have to manage the finances. If we find it difficult because the results of income are less than expenses. Then we must be able to manage our expenses not to exceed income. Take the main points that are very important and impossible to postpone, for example from the necessities of life of every human being as an example for food expenses. Do not imitate the lifestyle of others whose income exceeds ours. Because that will only torment ourselves in the end. Learn to live with a frugal pattern that is important everything is fulfilled and does not mean having to torture yourself.



Title: Re: How can it be possible coping with one source of income
Post by: Claudeake on February 25, 2024, 07:54:48 PM
Undoubtedly, the level of one's income determines the volume of one's expenditures. Mostly those of the low income earners. However, in all categories of income earners irrespective of whether over sufficient funds, average,or below average, once the items of the expenditure exceed those of the revenue column, same person would experience the worrines atmosphere of those of low income earners.
Therefore, my earnest advice is that, the regular available income should be divided into three parts such as; two third of the income should be earmarked for the upkeep of the family such as feeding, clothing, transportation to office/ others, savings and miscellaneous items. The one third should be earmarked for the payment of bills such as; electricity, medical, airtime, school fees and Cable TV. Again, these should be arranged in accordance to scale of preference as is exhaustive. The rest unattended ones could be attended next time.


Title: Re: How can it be possible coping with one source of income
Post by: GiftedMAN on February 25, 2024, 08:51:21 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
The solution is to have financial management if you don't do that then every expenditure and income of money will always seem insufficient uncontrolled and feel like  something is missing. working late into the night while getting a salary but running out in the blink of an eye because of the many bills that have to be paid means you need financial management. It depends on how you can manage it yourself, your wife/husband because in  my opinion knowing how much you spend each month will be easy to evaluate if you have recorded management.

Personally I don't think having financial management will help anyone to provide a lasting solution when the finance is lesser than the expenses, financial management only helps you to regulate unnecessary expenses but it doesn't solve your financial problems. If your expenses is greater than your income having financial management won't help you unless you get something better to add to your income you can't get better financially. Financial management helps a person to reduce spending on things that are not really necessary or needed but it doesn't mean you won't pay the necessary bills.


Title: Re: How can it be possible coping with one source of income
Post by: Mauser on February 27, 2024, 02:35:47 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

I think it's very hard to rely upon one income alone, there won't be much upside potential and we have to do a lot of savings. It's a bit to give you a general answer, but maybe there is some ways to increase your only income. Was there an inflation of your wage, or did you receive a bonus payment for the higher cost? In many countries there were some stimulus cheques and it was possible to get a bonus. Or maybe you work a long time for your boss and ask for a raise? Or what about some paid overtime? You might be lucky and there is some bonus you can get by asking. The other way to get some funds would be to look for a secondary income. Something that helped me a lot to get additional money was to sell old things from my basement. I also asked my family members if I could clean out there basement and we would make 50/50 on all the profits. A few lucky valuable items can make a big difference and help to treat ourselves. For example, I was able to sell some antique furniture from my uncle and good go on a long weekend vacation for that money. It's okay to ask family members for help.


Title: Re: How can it be possible coping with one source of income
Post by: junder on February 27, 2024, 05:30:30 PM
It is still going to depend on how you handle your finances, lifestyle, and probably your salary as well. I mean there are really salaries that are not going to be enough for sure if you're just going to maintain one source of income you could probably survive with that, but I would bet that no one here is actually working full-time just to survive, but instead live a kinda luxurious life as well, something where we could probably buy at least what we wanted most of the time not just to buy something that we need.

Personally, here in my country, it is probably going to be difficult if you only have one source of income, I mean depending on your salary if you're on a senior level probably with a salary of about 1000$ it is probably going to be enough at least for the most part with only one source of income, but if you only get minimum wage salary that is going to be difficult to do that, not to mention some other problem, I have a friend that is earning a kinda great salary and only one source of income, the pay was actually good and even compared to my salary it was almost double that but still wasn't enough because he is a breadwinner on their family, he's the only one working that has a decent pay, he's a parent is not working anymore so it's really difficult on his position to still buy things that he really wanted.

That's true, but if our finances are limited and the income is smaller than the expenses then it will be difficult to manage it. I agree with you that it really depends on how we handle our finances, if we can manage our finances well maybe everything will be fine, it also involves a lifestyle which in my opinion must be adjusted to our economic situation, we must be able to reduce our expenses. It's not that important, because there are people who have a large income or earnings but don't pay attention to their expenses, where they think they have a lot of money so they buy whatever they want but don't think or consider first whether what they buy is important or not. Indeed, in my opinion, many people are like that, where they buy what they want, not what they need, and I think many people must feel this when they have quite a lot of money, but in my opinion, this is spending that is not necessary, pampering yourself indeed. It is necessary, but we must be able to balance everything well, including the income generated, especially if we only have one source of income, it must be managed well and neatly.

Even though you have a source of income that may be large, as you say, because in my opinion, with that amount of income, it is already large for me, but in my opinion, people who have a large income also have a high probability that their lifestyle will also be stratified, where they can balance income and lifestyle. Moreover, if they have other responsibilities such as family and children, in my opinion the income they generate should be prioritized towards family and basic needs, where basic needs are one of the requirements for survival. So it all depends on us managing our finances, because of course we definitely have desires, responsibilities such as family or paying this or that bill. So if we can manage our finances well then everything can be fine.


Title: Re: How can it be possible coping with one source of income
Post by: lizarder on February 28, 2024, 09:14:40 AM
Personally I don't think having financial management will help anyone to provide a lasting solution when the finance is lesser than the expenses, financial management only helps you to regulate unnecessary expenses but it doesn't solve your financial problems. If your expenses is greater than your income having financial management won't help you unless you get something better to add to your income you can't get better financially. Financial management helps a person to reduce spending on things that are not really necessary or needed but it doesn't mean you won't pay the necessary bills.
Even though it doesn't help in a large capacity, management is important because with management people can manage expenses and make income more stable. If the problem of income is small and expenditure is large, then the steps that must be taken to make someone make money are much greater, so that a balance is created regarding expenditure and income. Financial management is very important because with it we can measure the level of efficiency of spending on a scale and if it is not comparable then there are priorities that need to be made.

In life management is very important, but we are also required to find solutions based on the problems we face, because people who do not have management in living their lives usually do not have preparation. Managing finances is not easy and if people are not able to run it as well as possible then expenses and income will never be stable, which will cause problems in today's economic conditions.


Title: Re: How can it be possible coping with one source of income
Post by: Strongkored on February 28, 2024, 10:33:59 AM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
If you already have several sources of income but have not been able to settle all the bills properly, it could be that this income is not sufficient for all your living expenses, and it does not rule out the possibility that there is something wrong in managing your finances, where you first use your income for other things it's not that important and only then pay the bill, an example of using income for other things before paying the bill is by frequently shopping using a credit card, it looks easy because the bill will come in the following month where you have to pay otherwise you will pay higher interest the next month and without You realize you have spent more than you can afford so that it is finally difficult to pay other bills, so you have to see if there are things you spend too much on that aren't that important because usually if you already have several sources of income then it should be sufficient.


Title: Re: How can it be possible coping with one source of income
Post by: Lanatsa on February 28, 2024, 10:37:57 AM
Paying bills by relying on just one source of income can still be done as long as expenses are not greater than income. People who have one source of income are more thorough and careful in managing their finances, they try to live a simple life by prioritizing needs over desires. When you find it difficult to cover all your bills even though you have several sources of income because it improves your quality of life due to feeling able to overcome all financial problems with the large income you have every month. When you are not able to manage the economy well, it will be very difficult to manage monthly expenses to cover all your expenses.

If you have only one source of income then one has to "stretch your legs according to the coverlet". If your one source of income is business then one can rely on it, as it's variable and normally increases with time. Those who rely on monthly salary can also live a normal life easily but progressing further in life is a bit difficult for them. It's best to have a second source of income that goes to saving or in long term investment. 
Having many sources of income is a way that many people are looking for, but to be able to have it we certainly have to work even harder. We must use all the abilities we have, one of which is hard work and smart work. Usually people only focus on hard work but they forget that they have other opportunities to earn extra income. One example of smart work is investing.
However, when there are other problems that we have to solve first, I recommend solving them first. We do that to make us more comfortable in investing and not get distracted later. Because not infrequently people who fail in investing are those who still have other problems that have not been resolved.
Easy to hear and easy to take up such advises but on the time that you would really be tending to hover yourself on doing such method on way you do have that other source of income. We do know that majority of us would really be having this kind of path but its not simple as it sounds because you would really be needing to considering on having a specific additional skills plus having that capital for you to start a new venture.
We do know that investment or business could really give out that kind of chance or opportunity but its not something that could give out assurance that you would succeed.Although it might not giving some assurance but at least you are making such move or step for the betterment.

It is really just that there are people who doesnt really mind off that much about the future and really just that contented on what they do have now. Yes, its not bad on being contented
but if you do saw that you do have that kind of lacking of funds or earning and wont be enough on your daily needs then it would really be just that right that
you would really be needing for additional income source.


Title: Re: How can it be possible coping with one source of income
Post by: RockBell on February 28, 2024, 07:41:05 PM
Its all about management bro. I have seen many people who doesn't have income but they have many credit card and they turn their debts by using all of them. If you look at their situation you may say it can be possible to live like that but after 6 or 9 month you will see them in a debt pit. Or you can see many people live with only one income but they are using their source in a clever way so you can say I'm struggling with one income and how they can manage it. Answer is simple they made many things different than you. Maybe they use their shoes for 4-5 years but yours only for month. Maybe they have a small garden which they produce their vegetable and fruit needed from there. We can only make small guesses from your small paragraph and couldn't able to give proper answers.

If you want to stay stand with one income write your all expenses and find a solutions how you can make it cheaper and make action. But don't forget make it your life better not cheaper except it be  wise :)
What some people think surprises me is it normal to go and collect about six credit cards, and from the look of things people are not serious with their life, and using all the money in six credit cards shows that the person is not responsible. okay, let's even say they had the cards with them why not start up something from the money from those cards so that the person can start paying gradually and before you know it you are debt-free and also a business owner at the same time?

having multiple sources of income is one of the best things that can happen to anybody because with this economic breakdown, people are not finding everything difficult and the government is not helping, and see the way the government is trying to fight does into bitcoin. Things have changed and a lot of us need to work on ourselves by self-starting from management then the next target is how to hard our hustle so has not to struggle financially.


Title: Re: How can it be possible coping with one source of income
Post by: icalical on February 28, 2024, 07:55:17 PM
Well from my experience relying to only one income these days is impossible, at least it's impossible to live comfortably. Even if we make twice of the minimum wage, it still just enough to cover for our basic needs. If you have a main-job you have the option to do a side hustle as a freelancer this will be instant side income, or if you have more time you can build a small business in your spare time, start small so it wouldn't take much of your time.

For me expanding and adding my source of income works better than limiting my expense, because day by day all price keep raising, so I can't really limiting my expense no matter what i do.


Title: Re: How can it be possible coping with one source of income
Post by: Ryu_Ar1 on February 28, 2024, 08:27:31 PM
We all have our own financial management and sometimes this management is enough to create some situations so that we can manage the pattern of the income we get with the expenses we make .

Doing everything from just one source of income is still very doable if in the end we have a good job and meet the expenses we have and of course there must be arrangements so that the expenses we dont exceed our income.

But sometimes we are too aggressive in the spending that we do which makes everything feel very lacking and it is difficult to balance expenses with income which in the end our source of income seems unable to cover the burden of life that we have.


Title: Re: How can it be possible coping with one source of income
Post by: sekalitas on February 29, 2024, 03:34:36 AM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Coping with one source of income is possible as long as your expenses are less than your income. However, having a single income source carries the risk of financial instability if that source disappears, such as through a layoff. If you choose to stick with a single income source, it's crucial to:

  • Minimize expenses by focusing on essentials and cutting unnecessary spending.
  • Invest in upskilling yourself to increase your earning potential through promotions or securing new jobs with higher salaries.

Alternatively, consider diversifying your income by exploring side hustles like freelance work or online selling. Choose options that won't drain you excessively.


Title: Re: How can it be possible coping with one source of income
Post by: shinratensei_ on February 29, 2024, 04:06:08 AM
Well from my experience relying to only one income these days is impossible, at least it's impossible to live comfortably. Even if we make twice of the minimum wage, it still just enough to cover for our basic needs. If you have a main-job you have the option to do a side hustle as a freelancer this will be instant side income, or if you have more time you can build a small business in your spare time, start small so it wouldn't take much of your time.

For me expanding and adding my source of income works better than limiting my expense, because day by day all price keep raising, so I can't really limiting my expense no matter what i do.
agreed, inflation is a real thing, people out there that keep saying to cut expenses by living frugally have no idea than purchasing power plummeted as the day goes.
we should know whether our salary increase each year outweigh the inflation rate or not, its the most important thing, otherwise we gonna be paid less than what we paid last year, not to take it too literally
but its basically the money we receive worth less than what we received last year, therefore sometime its better to take that risk and try to do something different.
we can't just let the inflation eats up our money as the saying goes, step up our game before the game step us down, thats how it is world is competitive.
if we have time upgrading our skills would definitely fare us better in the long term but certainly its not some measly thing to do.

whats most important is finding opportunity, side hustling as you mentioned is also one good thing to increase our income.
but whats more important is stepping up our career securing that good position so we can get security in job and salary.


Title: Re: How can it be possible coping with one source of income
Post by: bettercrypto on February 29, 2024, 07:37:47 AM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Having a source of income may depend on what the source of income is so that it can cover all your expenses in a month. Even if you only have one source of income, if, for example, you are an employee and you have a high position in the company and your salary is above the minimum, I think that is fine if the amount of your salary in a month, let's just say, is around 500-600 dollars.

Or if you are not an employee and instead are self-employed and have a micro business in the area where you live, it is also fine if the range of your net income ranges from $500  and above. This is possible as long as you are a strategic person.


Title: Re: How can it be possible coping with one source of income
Post by: bakasabo on February 29, 2024, 07:43:28 AM
We live in a crazy world, because it turns that having one source of income is not enough. OP, either your salary is low and good in your country are expensive. Or you should decrease your requests and appetites. I think I am going to open your eyes wide now by saying that many people live on one source of income (salary) only. And somehow they manage to sort things out.

It is hard to suggest or comment on your post, as you have given us little information. We do not know where you live, how much you earn, what are your expenses, what is the financial situation in your country and etc.


Title: Re: How can it be possible coping with one source of income
Post by: Dr.Osh on February 29, 2024, 08:38:20 AM
We live in a crazy world, because it turns that having one source of income is not enough. OP, either your salary is low and good in your country are expensive. Or you should decrease your requests and appetites. I think I am going to open your eyes wide now by saying that many people live on one source of income (salary) only. And somehow they manage to sort things out.

It is hard to suggest or comment on your post, as you have given us little information. We do not know where you live, how much you earn, what are your expenses, what is the financial situation in your country and etc.
Yes, it's actually very difficult to only depend on one source of income. I once read a quote that if we only have one source of income, then we can fall if we lose that one source of income.
Perhaps, quite a lot of people still have one source of income, but I think they are also planning to build a business or investment so that they have a source of income elsewhere. In fact, if we only have one source of income, then we need to really study it, it's just that the risks are greater. I also suggest trying to have more than one source of income.


Title: Re: How can it be possible coping with one source of income
Post by: Miles2006 on February 29, 2024, 01:52:14 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
I guess you earn some huge amount that's capable of taking good care of your needs, the help you need right now is learn how to spend wisely, I have experience such before but sometimes we should learn how to work on ourselves as humans. You can always list a plan on how to spend monthly or weekly although this is not so easy but for the fact you hardly settle your bills shows you need an advice. If you feel you need more then you have to settle for more like earn more money in my opinion, I know a lot of people that cannot do without living a luxurious lifestyle so if you're that type you need to limit the habit of spending unnecessary.


Title: Re: How can it be possible coping with one source of income
Post by: slapper on February 29, 2024, 03:55:00 PM
Singing about struggling with one income is a worldwide hymn, especially now. Not how much you earn, but how you handle it. Budgeting is your financial sword and shield, not just a term. Track every dime. Though tedious, guess what? Freedom costs

See individuals living on one income and wonder how? They prepare, sacrifice, and prioritize. Discipline, not rocket science, is what it takes. Housing, food, and utilities are prerequisites. You only consider wants afterward. Savings are mandatory; your future self will thank you. And debts? Attack them like they're drowning you; they are


Title: Re: How can it be possible coping with one source of income
Post by: hyudien on February 29, 2024, 05:08:12 PM
Yes, it's actually very difficult to only depend on one source of income. I once read a quote that if we only have one source of income, then we can fall if we lose that one source of income.
Perhaps, quite a lot of people still have one source of income, but I think they are also planning to build a business or investment so that they have a source of income elsewhere. In fact, if we only have one source of income, then we need to really study it, it's just that the risks are greater. I also suggest trying to have more than one source of income.

I've heard this somewhere from someone who is running a business, he invited me to do business together with him saying we must have more than one business or the same as having more than one source of income, because the goal is that our lives can still run, and the same is the case with a chair, where the chair has four legs and when one is broken there are still three legs that can still hold it upright, but if only one leg is broken then the chair will fall, just like life. We have to have more than one business so that we don't fall when the other one falls, that's what I'm with and I think it does make sense.

I think of course everyone wants financial freedom, so I think everyone wants their life to be successful including by having assets or businesses that run and grow well. Therefore having more than one income is everyone's dream, because that's one of the financial freedoms that we might want.


Title: Re: How can it be possible coping with one source of income
Post by: MFahad on February 29, 2024, 05:29:31 PM
I've heard this somewhere from someone who is running a business, he invited me to do business together with him saying we must have more than one business or the same as having more than one source of income, because the goal is that our lives can still run, and the same is the case with a chair, where the chair has four legs and when one is broken there are still three legs that can still hold it upright, but if only one leg is broken then the chair will fall, just like life. We have to have more than one business so that we don't fall when the other one falls, that's what I'm with and I think it does make sense.

I think of course everyone wants financial freedom, so I think everyone wants their life to be successful including by having assets or businesses that run and grow well. Therefore having more than one income is everyone's dream, because that's one of the financial freedoms that we might want.

Of course, everyone would want to have more than one source of income and have their businesses so that they can have financial freedom and a good life, however, unfortunately, dreams don't always come true and most people in the world aren't able to start a single business because they can't afford to do that. Someone who has a 9 to 5 job and earns an average income can barely be able to save enough money to be able to start a business.
Life is very difficult for a larger part of the world population. There aren't a lot of people that are able to have their businesses and have multiple income sources because most people don't earn enough to be able to do that and they don't inherit enough wealth and resources to be able to become financially independent.


Title: Re: How can it be possible coping with one source of income
Post by: boyptc on February 29, 2024, 10:24:36 PM
Live in developing economies and you might have some hard time in doing this. Even those people that are living in the first world countries are complaining how hard it is for them to cope up with the inflation by just having a single income.

Those that don't own houses are paying terribly high rent prices and that's why some young professionals or even adult professionals are choosing to stay into their parents house to save money.

This is how life is right now and it's so hard if you only have one source of income, you're just made to pay for the bills. Sucks.


Title: Re: How can it be possible coping with one source of income
Post by: Troytech on February 29, 2024, 11:32:25 PM
It's not a matter of how many income streams you have but how much coming in from them, I can have one income stream and it well exceeds your five income streams. The problem lies around the value of fait depreciating and it make living cost more expensive.

Getting an extra source of income would require more time to attend to, do it's better to have one income stream that is big than having do many income streams that are few.


Title: Re: How can it be possible coping with one source of income
Post by: poodle63 on March 01, 2024, 04:49:16 AM
Singing about struggling with one income is a worldwide hymn, especially now. Not how much you earn, but how you handle it. Budgeting is your financial sword and shield, not just a term. Track every dime. Though tedious, guess what? Freedom costs

See individuals living on one income and wonder how? They prepare, sacrifice, and prioritize. Discipline, not rocket science, is what it takes. Housing, food, and utilities are prerequisites. You only consider wants afterward. Savings are mandatory; your future self will thank you. And debts? Attack them like they're drowning you; they are
usually the discipline of already planning where the money went really saves the day for many of people like basically paying all the bills whenever the salary comes into our bank account almost immediately will avoid us lacking money to pay the basic bills and we can think about the other thing afterwards.
but we know that there's no such thing that lasts forever same with money planning you will eventually find the cost of paying basic bills increase as the time goes whether its water, energy, even simplest thing like weekly grocery.
thats when you will realize that maybe its the right time to step up our income and do some side hustle, people lives with salary under the minimum salary like many of people out there will definitely find out faster that maybe they should do something with their life and work harder.
never stay in a comfort zone since being in this comfort zone for too long only means that we will not be prepared for problem that will come.


Title: Re: How can it be possible coping with one source of income
Post by: BD Technical on March 01, 2024, 06:05:14 AM
Nowadays it has become very difficult for the lower class to live because day by day the price of dream is increasing and day by day their salary is decreasing in that case you are not able to live with just normal salary.  If you notice, you will see that the high school is going normally, the lower classes are not going, those who are middle class are living very hard life.  The food that I bought last month for 10 taka, that food is now 15 taka, 12 taka has increased like this. If one month's product is lost, it increases like this. In this case, what can happen to a normal person, what can happen to a daily wage laborer, where those who buy rice and rice for daily wage earners pay their price.  If he buys it at 60 rupees per kg, then in that case it is half of his normal price.  In the event that he goes to eat, how will he earn his living and everything else?  In that case, the day laborer movement is becoming very difficult and his life is very difficult to earn his money.


Title: Re: How can it be possible coping with one source of income
Post by: Cryptoprincess101 on March 01, 2024, 06:55:04 AM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Coping with one source of income in this modern day life is really so difficult most times because every of your Bills will be dependent on only that one source and it is even not advisable in the first place to have only one source because if it fails that means your life might be in chaos due to the fact that getting a new job or a new source would be difficult so no matter how little our income is we should try and save some money from it so that we can use it to establish another source or use it as a backup tomorrow if our income generating source fails us.

My advice for you is that not all of your bills you need to settle at every time your income arrives, you need to do an opportunity cost that is giving more value to things you need the most. There are some bills that are of more important than the others so you give then more of priority and forget about those that are of less importance so that it will enable you not to run into debt and save some money as well then after which you might have gotten another source of income, you can now begin taking care of those bills.


Title: Re: How can it be possible coping with one source of income
Post by: lepbagong on March 03, 2024, 02:48:33 PM
Many have experienced things like what the op said and no one can avoid the fact, that there are still many who rely on income from one source only, not from additional sources or assistance that may be received. But we can get through it well because everything is adjusted to what we get and not the opposite. All income should be used with details adjusted to income, with details as good as possible, so that factors that are not important can be avoided or eliminated and factors that are too large are adjusted and subtracted from other factors. There is always a way if you really want to adjust your goals to your income, because even a large income won't be enough if you don't properly break down your income and expenses.


Title: Re: How can it be possible coping with one source of income
Post by: MFahad on March 04, 2024, 01:16:17 PM
It's not a matter of how many income streams you have but how much coming in from them, I can have one income stream and it well exceeds your five income streams. The problem lies around the value of fait depreciating and it make living cost more expensive.

Getting an extra source of income would require more time to attend to, do it's better to have one income stream that is big than having do many income streams that are few.

Well, an income stream doesn't always have to be time-consuming, I mean I know that any source of income would require some time from you but it doesn't mean that you should have two jobs as your source of income but one can be an investment or maybe a business that you own but it's managed by employees you've hired or anything else that might need less time from you but makes you money.
However, it's not possible for everyone to have such extra income streams or sources which is the reason why most people have to manage their expenses with one source of income whether they earn enough from it or not.


Title: Re: How can it be possible coping with one source of income
Post by: Republikcoin.com on March 04, 2024, 02:33:15 PM
It's not a matter of how many income streams you have but how much coming in from them, I can have one income stream and it well exceeds your five income streams. The problem lies around the value of fait depreciating and it make living cost more expensive.

Getting an extra source of income would require more time to attend to, do it's better to have one income stream that is big than having do many income streams that are few.
If you look at it in terms of time and procedures for taking care of it, of course it will be easier to take care of one source of income with a higher level of income than taking care of more work with a small level of income. Because the time that will be used for this will of course be very different and those who take care of more work with less income have actually experienced losses through their time. So I also quite agree with what you say that taking care of one source of income with a greater level of income will be much more effective than doing more work with less income.


Title: Re: How can it be possible coping with one source of income
Post by: ThePromise on March 05, 2024, 09:24:29 AM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
It's natural for people to be more wise and proper in budgeting money especially if it's just the right income, unlike other people who when their income increases, they also increase their expenses instead of focusing the money on investment and savings. It depends on the situation how you can save even if you only have one source of income, try to be frugal and try the budget planning strategy that writes all bills and expenses in a planner to make it easier for you to manage your salary. it worked for me so try it and maybe it will have an effect on you too. I find it easier to budget now because of the help of that strategy.



Title: Re: How can it be possible coping with one source of income
Post by: Assface16678 on March 05, 2024, 10:27:09 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
It's natural for people to be more wise and proper in budgeting money especially if it's just the right income, unlike other people who when their income increases, they also increase their expenses instead of focusing the money on investment and savings. It depends on the situation how you can save even if you only have one source of income, try to be frugal and try the budget planning strategy that writes all bills and expenses in a planner to make it easier for you to manage your salary. it worked for me so try it and maybe it will have an effect on you too. I find it easier to budget now because of the help of that strategy.


Or if one job or source of income is not enough to sustain the expenses especially if you already have a family then there's no tother option than adding one or two more source of income, if you already have a stable job then if you can you can do other things, it can be either using your knowledge or your capability and skills, what I mean is you can start a small business that you're desired or if you can't maintain a business, do part time job wherein it can be your hobbies so picking a part time job that you want is a must and if this still not applicable to you then do investment I'm sure all people has the capability of finding an investment where they can be good at you just have to be resourceful and patiencec on finding one. For me, one stable job is not enough, especially with how the world works now. Inflation is one of the reasons why many families or people struggle in life, so being able to find other sources of income is a great help and relief.


Title: Re: How can it be possible coping with one source of income
Post by: Xampeuu on March 06, 2024, 03:39:26 AM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
It's natural for people to be more wise and proper in budgeting money especially if it's just the right income, unlike other people who when their income increases, they also increase their expenses instead of focusing the money on investment and savings. It depends on the situation how you can save even if you only have one source of income, try to be frugal and try the budget planning strategy that writes all bills and expenses in a planner to make it easier for you to manage your salary. it worked for me so try it and maybe it will have an effect on you too. I find it easier to budget now because of the help of that strategy.


Therefore we must be able to differentiate between wants and needs. It is natural that our needs will increase along with our income, because humans cannot be separated from desires. but we have to be clever at managing our salary so that we don't suffer in old age. Nowadays many people follow a hedonistic lifestyle, until they end up in debt and end up living miserable lives, before they even reach old age, hopefully this can be a lesson for us


Title: Re: How can it be possible coping with one source of income
Post by: iamsange on March 06, 2024, 04:00:18 AM
It's not a matter of how many income streams you have but how much coming in from them, I can have one income stream and it well exceeds your five income streams. The problem lies around the value of fait depreciating and it make living cost more expensive.

Getting an extra source of income would require more time to attend to, do it's better to have one income stream that is big than having do many income streams that are few.
If you look at it in terms of time and procedures for taking care of it, of course it will be easier to take care of one source of income with a higher level of income than taking care of more work with a small level of income. Because the time that will be used for this will of course be very different and those who take care of more work with less income have actually experienced losses through their time. So I also quite agree with what you say that taking care of one source of income with a greater level of income will be much more effective than doing more work with less income.
Of course there's nothing wrong with what you said, but what if one day you become a big entrepreneur? Of course that thinking no longer applies because we have to use other methods to manage business assets. It's not easy to do a lot of work, but people who have a higher standard of living will definitely not survive on just one source of income but will continue to develop.


Title: Re: How can it be possible coping with one source of income
Post by: slapper on March 06, 2024, 04:35:27 AM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
It's natural for people to be more wise and proper in budgeting money especially if it's just the right income, unlike other people who when their income increases, they also increase their expenses instead of focusing the money on investment and savings. It depends on the situation how you can save even if you only have one source of income, try to be frugal and try the budget planning strategy that writes all bills and expenses in a planner to make it easier for you to manage your salary. it worked for me so try it and maybe it will have an effect on you too. I find it easier to budget now because of the help of that strategy.


Or if one job or source of income is not enough to sustain the expenses especially if you already have a family then there's no tother option than adding one or two more source of income, if you already have a stable job then if you can you can do other things, it can be either using your knowledge or your capability and skills, what I mean is you can start a small business that you're desired or if you can't maintain a business, do part time job wherein it can be your hobbies so picking a part time job that you want is a must and if this still not applicable to you then do investment I'm sure all people has the capability of finding an investment where they can be good at you just have to be resourceful and patiencec on finding one. For me, one stable job is not enough, especially with how the world works now. Inflation is one of the reasons why many families or people struggle in life, so being able to find other sources of income is a great help and relief.
One job? In this economy? You joke, right? Today, inflation laughs at your single salary. Diversification is a lifeline for anyone with a pulse and a paycheck straining to stay up. Side jobs, investments, and part-time work are essential

It's not about seizing every chance. Strategic choices and matching efforts with talents and interests are key. Because if you're going to work yourself to death, why not enjoy it? You can't discover an investment opportunity? Widen your eyes. They wait for someone smart and daring to find and get them. Modern survival requires adaptability or you become obsolete


Title: Re: How can it be possible coping with one source of income
Post by: Farma on March 06, 2024, 02:55:25 PM
Therefore we must be able to differentiate between wants and needs. It is natural that our needs will increase along with our income, because humans cannot be separated from desires. but we have to be clever at managing our salary so that we don't suffer in old age. Nowadays many people follow a hedonistic lifestyle, until they end up in debt and end up living miserable lives, before they even reach old age, hopefully this can be a lesson for us
If we can differentiate between these two things, of course we will be able to manage our finances well, because if we cannot separate our needs and desires, of course the income we get will be used on things that are not intended even after buying them we never use them. what we have bought will be very detrimental to us and if we can differentiate between these two things, of course we will be able to save and also be able to invest for our old age.

Yes, of course we must be able to learn from other people who use their income for the things they want and we have seen that many of their lives experience difficulties and some are even no longer able to pay their debts because their lifestyle does not match their income.


Title: Re: How can it be possible coping with one source of income
Post by: indah rezqi on March 06, 2024, 03:33:37 PM
Therefore we must be able to differentiate between wants and needs. It is natural that our needs will increase along with our income, because humans cannot be separated from desires. but we have to be clever at managing our salary so that we don't suffer in old age. Nowadays many people follow a hedonistic lifestyle, until they end up in debt and end up living miserable lives, before they even reach old age, hopefully this can be a lesson for us
If we can differentiate between these two things, of course we will be able to manage our finances well, because if we cannot separate our needs and desires, of course the income we get will be used on things that are not intended even after buying them we never use them. what we have bought will be very detrimental to us and if we can differentiate between these two things, of course we will be able to save and also be able to invest for our old age.

Yes, of course we must be able to learn from other people who use their income for the things they want and we have seen that many of their lives experience difficulties and some are even no longer able to pay their debts because their lifestyle does not match their income.
Learning to control our desires amidst the current influence of social media is indeed very difficult, there are always urges that make us want something that is not actually a basic need. The hedonistic lifestyle has influenced most of society, social media encourages us to spend more money that we could have saved or invested. It is very important to think in the long term, especially if we are the head of the family who is responsible for our wife and children. All income should be managed well, adjusting to priorities between needs and desires.

Controlling needs and desires is sometimes difficult for someone, like a gambler who cannot play responsibly, all income is spent without thinking about what will happen tomorrow. You need to have awareness and learn from other people experiences, how to manage your income well, and control it so that it is balanced. Don't be too wasteful and don't be too stingy with yourself, don't let our lives in old age become a burden on our children, and difficult them with debts.


Title: Re: How can it be possible coping with one source of income
Post by: Mahanton on March 06, 2024, 03:54:52 PM
Therefore we must be able to differentiate between wants and needs. It is natural that our needs will increase along with our income, because humans cannot be separated from desires. but we have to be clever at managing our salary so that we don't suffer in old age. Nowadays many people follow a hedonistic lifestyle, until they end up in debt and end up living miserable lives, before they even reach old age, hopefully this can be a lesson for us
If we can differentiate between these two things, of course we will be able to manage our finances well, because if we cannot separate our needs and desires, of course the income we get will be used on things that are not intended even after buying them we never use them. what we have bought will be very detrimental to us and if we can differentiate between these two things, of course we will be able to save and also be able to invest for our old age.

Yes, of course we must be able to learn from other people who use their income for the things they want and we have seen that many of their lives experience difficulties and some are even no longer able to pay their debts because their lifestyle does not match their income.
Learning to control our desires amidst the current influence of social media is indeed very difficult, there are always urges that make us want something that is not actually a basic need. The hedonistic lifestyle has influenced most of society, social media encourages us to spend more money that we could have saved or invested. It is very important to think in the long term, especially if we are the head of the family who is responsible for our wife and children. All income should be managed well, adjusting to priorities between needs and desires.

Controlling needs and desires is sometimes difficult for someone, like a gambler who cannot play responsibly, all income is spent without thinking about what will happen tomorrow. You need to have awareness and learn from other people experiences, how to manage your income well, and control it so that it is balanced. Don't be too wasteful and don't be too stingy with yourself, don't let our lives in old age become a burden on our children, and difficult them with debts.
Totally depends on what kind of person you are on which there are ones who cant really be able to control up themselves on the time that they've seen that they cant really be able to fight that urge and
since they do know that they do have the money that they could really be able or to make use with, then this is where they would really be making themselves that being wrecked because
they would really be go out of budget specially if you are really just that having that single source of income then  you are really that putting yourself on huge trouble.

Yes, we are just humans and we do have those kind of hopes and dreams but we should really be that having the control with those urges specially on what we are currently been earning with.
You would really be putting up yourself on such disaster if you wont really be having that kind of control on which it is really that crucial on these kind of times
on which people do really that becoming that impulsive or losing up that control.


Title: Re: How can it be possible coping with one source of income
Post by: Ben Barubal on March 06, 2024, 05:02:35 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

     There is no problem if we only have one source of income, as long as it is able to sustain all expenses during the month we are going through. Now, if you're going to enter the crypto space, as long as you know how to manage your budget, you can actually do it.

     Because there are other people whose source of income is not that big but they are able to save money for things just in case there is an emergency, you have money to draw from that you don't need to borrow money from other people, but the size of the source of income is different; they still have businesses, but they are expensive, so they don't save any money.


Title: Re: How can it be possible coping with one source of income
Post by: someone703 on March 06, 2024, 05:25:46 PM
Feeling the squeeze lately, even with a decent job? It's a total bummer, right? We all see those folks online living large on one income and wonder what secret sauce they're using. Here's the thing: everyone's financial situation is like a weird pair of jeans – unique to them. Comparing yours to someone else's won't do much good.

Ever heard "you can't manage what you don't measure"? Tracking your income and expenses for a month is like looking under the couch cushions – you might find some forgotten cash. Be honest, are there sneaky subscriptions or daily lattes draining your dough? Focus on the essentials like rent and groceries, then see if you can cut back on stuff you don't really need, like that gym membership you never use. Getting financially healthy takes time and effort. Don't beat yourself up if you don't see results overnight.


Title: Re: How can it be possible coping with one source of income
Post by: Sarah_Jannat42 on March 06, 2024, 05:34:29 PM
We have seen many unemployed boys around us who have been trying hard for just one job or job. They only have one goal that any one job requires. Then when they get a job and feel that the salary they are getting from that job or job is not enough, they start looking for another job as well. In this way, after everyone's temporary needs are met in the world, another new need appears. Because the area of demand is infinite. When we had nothing we needed a job, even if it was just for two handfuls of food. If that is the case then even one source of income should be enough for us. If even that is not enough then outsourcing can be utilized as per the job as well as capacity from which good profit can be obtained.


Title: Re: How can it be possible coping with one source of income
Post by: Juse14 on March 06, 2024, 08:10:52 PM
We have seen many unemployed boys around us who have been trying hard for just one job or job. They only have one goal that any one job requires. Then when they get a job and feel that the salary they are getting from that job or job is not enough, they start looking for another job as well. In this way, after everyone's temporary needs are met in the world, another new need appears. Because the area of demand is infinite. When we had nothing we needed a job, even if it was just for two handfuls of food. If that is the case then even one source of income should be enough for us. If even that is not enough then outsourcing can be utilized as per the job as well as capacity from which good profit can be obtained.

If one source of income can be managed as well as possible, then one source of income is enough if only to fulfill a need, but will never be enough to fulfill our desires.

For example; Our needs are food every day, a place to live, a cellphone to make it easier for us to communicate, and a vehicle to make it easier for us to move here and there. If that's all, then one source of income is enough to fulfill it. But what we want is not just that, but we also want that we can eat every day with food that has adequate nutrition, have a safe and comfortable place to live, a cellphone that is good and not easily damaged, and a vehicle that feasible, as well as other desires such as saving and investing. And there is little chance of all of this being realized, if we only depend on one source of income, and therefore we have to add other sources of income, which can increase our income. On the other hand, by having a side job or additional income, this can also help us if something happens that we don't want at our main job.

and if you really feel that you care enough about people who are in trouble, such as unemployment. then make sure that you will become someone who is very rich, and open a business that can provide them with employment opportunities, so that they have income and can meet their needs. Indeed, if you intend to help people, you don't have to wait to become someone who is rich first, but when you become someone who is rich and has financial freedom, then you will not only be able to help one person, but many people through the wealth you have. .


Title: Re: How can it be possible coping with one source of income
Post by: stomachgrowls on March 06, 2024, 08:40:42 PM
We have seen many unemployed boys around us who have been trying hard for just one job or job. They only have one goal that any one job requires. Then when they get a job and feel that the salary they are getting from that job or job is not enough, they start looking for another job as well. In this way, after everyone's temporary needs are met in the world, another new need appears. Because the area of demand is infinite. When we had nothing we needed a job, even if it was just for two handfuls of food. If that is the case then even one source of income should be enough for us. If even that is not enough then outsourcing can be utilized as per the job as well as capacity from which good profit can be obtained.

If one source of income can be managed as well as possible, then one source of income is enough if only to fulfill a need, but will never be enough to fulfill our desires.

For example; Our needs are food every day, a place to live, a cellphone to make it easier for us to communicate, and a vehicle to make it easier for us to move here and there. If that's all, then one source of income is enough to fulfill it. But what we want is not just that, but we also want that we can eat every day with food that has adequate nutrition, have a safe and comfortable place to live, a cellphone that is good and not easily damaged, and a vehicle that feasible, as well as other desires such as saving and investing. And there is little chance of all of this being realized, if we only depend on one source of income, and therefore we have to add other sources of income, which can increase our income. On the other hand, by having a side job or additional income, this can also help us if something happens that we don't want at our main job.

and if you really feel that you care enough about people who are in trouble, such as unemployment. then make sure that you will become someone who is very rich, and open a business that can provide them with employment opportunities, so that they have income and can meet their needs. Indeed, if you intend to help people, you don't have to wait to become someone who is rich first, but when you become someone who is rich and has financial freedom, then you will not only be able to help one person, but many people through the wealth you have. .
There's no such thing about being enough because even there are people who are living in a life with having that sufficient income and could be able to eat thrice a day and having that good shelter and good education and other main things and priorities but still that feeling of contentment wouldnt be there. Well, im not saying that all people is something like this but majority would really be and this is why they would really be coming
on having those thoughts that they would really be needing up to have more to have that kind of fulfillment of their desires on which it isnt that bad as long you do find yourself having that in control.
We are all hoping on living in a life on which doesnt have any financial problems and able to buy on the things that they do really want.


Title: Re: How can it be possible coping with one source of income
Post by: tyz on March 06, 2024, 10:22:50 PM
Ever heard "you can't manage what you don't measure"? Tracking your income and expenses for a month is like looking under the couch cushions – you might find some forgotten cash.

This sentence sounds simple, but it holds so much truth. Money management is the key. Most people don't realize that they have so many unnecessary spendings. Mostly they are not much, here a few dollars, there a few dollars. But summarizating all such small amounts makes a difference between I am struggling and I am living a good life with my income. So, I always recommend to note down all your spendings for a couple of money and you will get surprised how much you can save if you avoid unnessessary spendings.


Title: Re: How can it be possible coping with one source of income
Post by: Barikui1 on March 07, 2024, 05:36:39 AM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
Actually it's not that easy, it's possible, but what I think about it is that it's not sustainable, because I have been in a situation like this in the past, when I will be dependent on a single salary, at every month ending, what I usually does is that I draw down a budget and how I will be allocating funds, because I can't afford to spend wrongly, but still yet, I still go into debt, because it's not just enough due to the current economic situation in the country now, but the best way to survive right now, is not to depend on a single income, because it's really not easy if you do.


Title: Re: How can it be possible coping with one source of income
Post by: Republikcoin.com on March 07, 2024, 06:08:01 AM
Actually it's not that easy, it's possible, but what I think about it is that it's not sustainable, because I have been in a situation like this in the past, when I will be dependent on a single salary, at every month ending, what I usually does is that I draw down a budget and how I will be allocating funds, because I can't afford to spend wrongly, but still yet, I still go into debt, because it's not just enough due to the current economic situation in the country now, but the best way to survive right now, is not to depend on a single income, because it's really not easy if you do.
Maybe so far almost everyone has felt the same way you feel, so there are many people who no longer depend on just one source of income. Because we remember how difficult it is to meet our daily needs and we also don't want to always be in debt when all our budget funds are not sufficient for our important needs in life. The suggestion to get more income and not depend on just one source is a very good suggestion because only then can anyone be free from debt and also from the difficulties that can befall him at the end of the month.


Title: Re: How can it be possible coping with one source of income
Post by: jrrsparkles on March 07, 2024, 06:13:54 AM
Your total income should exceed your expenditure that is the basic rule irrespective of how many ways you have to make that money and if you feel your expenses is getting ahead then you should find better job which is not easy due to the high unemployment rate then you should explore is there any way to make money in your free time with your skills.


Title: Re: How can it be possible coping with one source of income
Post by: Kingperry22 on March 07, 2024, 06:37:29 AM
The current global situation amidst the looming war and economic challenges happening the different parts of the world has made life difficult. invariably, surviving on one source of income isn't sustainable any longer. One has to diversify into other means of making money. Having multiple streams of income has always been a solution from economic scholars. The issue or challenges people faces is what kind of profitable investment portfolio should one buy or start(for self-employed indiviuals)


Title: Re: How can it be possible coping with one source of income
Post by: Mame89 on March 07, 2024, 08:05:42 AM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
Indeed, basically when we experience financial problems we will feel stressed and worried. Financial problems like the ones you are experiencing can certainly be experienced by anyone without exception. Anyone will be confused about how to overcome financial problems if this happens, such as having lots of bills but only getting one income.

What you need to do now is be good at managing your finances, both income and expenses must be balanced. Don't just keep silent if you feel that your financial condition is not good, you must be sensitive and try to find solutions to stabilize your finances again. look for another job that can provide additional income. Apart from the main job, part-time work also has a big role in improving finances. What's more, the conditions you are currently experiencing are really necessary to cover the bills, so don't be too picky in your work. Get involved and pursue work that suits your abilities.

Currently, many people are looking for freelance services that you can do anywhere without disturbing your main job, or maybe you can do direct work such as using the internet to find additional income without disturbing your main job.


Title: Re: How can it be possible coping with one source of income
Post by: Peanutswar on March 07, 2024, 12:35:06 PM
With the inflation, expenses and other bills seems like you need to have an extra job, it depends on the country you have if they are supported a half day set up so you can work another job with the other hours just to cater for your expenses, actually base on my experience with my country its not enough to cater my needs, of course you are getting older your responsibilities increases too or else you are with your parents at your back so you don't need to worry too much. Watch out too your lifestyle inflation sometimes people get more stuff because they can afford but in the end, they didnt have enough funds or savings so instead stick that is bare minimum and if you are settled enough you can enjoy your life. Could be spent now and suffer later, or saved now and enjoyed later.


Title: Re: How can it be possible coping with one source of income
Post by: Ayers on March 07, 2024, 04:48:54 PM
We live in a crazy world, because it turns that having one source of income is not enough. OP, either your salary is low and good in your country are expensive. Or you should decrease your requests and appetites. I think I am going to open your eyes wide now by saying that many people live on one source of income (salary) only. And somehow they manage to sort things out.

Nowadays living cost is utterly level expensive. That's why it is totally impossible to manage all the living costs with one income source. That is the reason everyone tries to do something else besides his or her regular work or job. You know the Russia-Ukraine war is another shit which is fueling the fire and the price of everything going high day by day which affects our normal life. So it is totally impossible to cope up with this with one source of income. we must try to find out other side income with our regular one.


I once read a quote that if we only have one source of income, then we can fall if we lose that one source of income.
Perhaps, quite a lot of people still have one source of income, but I think they are also planning to build a business or investment so that they have a source of income elsewhere. In fact, if we only have one source of income, then we need to really study it, it's just that the risks are greater. I also suggest trying to have more than one source of income.

I also read that quote and it influenced me greatly. I always try to do something besides my job because it gives me more financial support. So everyone must keep two income sources. So that if one source is stopped then the other source will work. Today life is to much unpredictable, anything can happen at any time so everyone must be financially strong. you know this is only financially strong people who can solve any problem in their life. So its important to have at least two incomes, job+farming, Job+investing, Job+whatever you can do.

You are talking about investment too, keep in mind there are so many scams nowadays when it comes to investment, always have to be aware.


Title: Re: How can it be possible coping with one source of income
Post by: Yaunfitda on March 07, 2024, 08:45:52 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
It's called budgeting, writing down all your expenses for a month and then try to fit it in your salary. It might take some big sacrifice in your end to do it. Been in this situation before, and still is, but I do try to manage everything up to the last money I got. Of course, I'm into crypto now and I save some for the bull run. But still, it is very difficult situation for everyone and it takes a lot of will power to do this day in day out. And obviously, maybe you need to get a second source of income, what we call a sideline. Just try everything, as life is unfair. But if we have a positive mindset, we can conquer everything and who knows, fulfilled our dreams by really working very hard and have the motivation to get up early to work  because we have families to feed, kids to put in school.


Title: Re: How can it be possible coping with one source of income
Post by: letteredhub on March 07, 2024, 08:59:48 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
It is very possible to live and cope fine with a single source of income, what is expected in that condition is to discipline oneself to living within the boundaries of what his income could afford and make accessible to him/her. With a good financial planning a single source income earners could make a better life for himself than a multiple sources income earner who's extravagant and wayward in spending. Life is all about budgeting and planning and when you fail to do so, no matter your sources of income you can't be able to cope satisfactorily well.


Title: Re: How can it be possible coping with one source of income
Post by: Fatunad on March 07, 2024, 09:24:08 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
It is very possible to live and cope fine with a single source of income, what is expected in that condition is to discipline oneself to living within the boundaries of what his income could afford and make accessible to him/her. With a good financial planning a single source income earners could make a better life for himself than a multiple sources income earner who's extravagant and wayward in spending. Life is all about budgeting and planning and when you fail to do so, no matter your sources of income you can't be able to cope satisfactorily well.
Very possible but you would really be living on the most standard way of living on which everything in budget and really very right. It would be also basing up on the situation because on the time that you do already have a family to feed then this is where story would really be starting to change on which you would really be needing to adjust according into it because if you do have some mouths to feed then it would be totally affecting out
overall about your budget and you would really be surely get short in terms of that. This is why it would really be that best that you should really know on what you are doing because if you are really just sticking into a single job or source of income and seen that you are already that overdropped ? then it would really be that common sense that you would really be looking up for something more.

It would really be just that depending into some individual on how they would really be hovering themselves in speaking about such life condition on which we do know that
majority of us really that having this kind of problem.


Title: Re: How can it be possible coping with one source of income
Post by: passwordnow on March 07, 2024, 09:34:24 PM
It is very possible to live and cope fine with a single source of income, what is expected in that condition is to discipline oneself to living within the boundaries of what his income could afford and make accessible to him/her. With a good financial planning a single source income earners could make a better life for himself than a multiple sources income earner who's extravagant and wayward in spending. Life is all about budgeting and planning and when you fail to do so, no matter your sources of income you can't be able to cope satisfactorily well.
That is true that someone can still live off with one single source of income but that's what he has to do, living within his means. Because if someone is going to live beyond his means and he doesn't have a huge source of income and they're just few, he's going to have hard time supporting that kind of lifestyle. Many become broke because they're too worried about their status and always comparing with the life of others. Forget about people being showy of their lifestyles on social media, don't set it as a measurement of how you're going to cope with life.

There is more to life and just live within your means and be happy with what you have currently. If you can have multiple source of income then that's so much better because you're showing and proving that you can do that and you're a responsible person. Don't live with extravagant and don't be too envied with the life of others if they can get what they want. If you can't get what you want, that's fine as long as the bills are paid and you're getting the needs that are essential for our survival. Someday, you'll be able to get those things that you want but for now, you have to keep on working smart and hard.


Title: Re: How can it be possible coping with one source of income
Post by: goldkingcoiner on March 07, 2024, 09:36:30 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Only having a single source of income is not a good idea. There are no sure things in life, and a job is exactly one of those unsure things. It does not matter whether you work in a company for 30 years and have an amazing track record. The company will lay you off, if they have a crappy management. Sometimes even if they have a good management. You can never know.

The best insurance is getting multiple income sources, so if one goes bad, you won't be left desperate.


Title: Re: How can it be possible coping with one source of income
Post by: Maslate on March 07, 2024, 09:44:39 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Only having a single source of income is not a good idea. There are no sure things in life, and a job is exactly one of those unsure things. It does not matter whether you work in a company for 30 years and have an amazing track record. The company will lay you off, if they have a crappy management. Sometimes even if they have a good management. You can never know.

The best insurance is getting multiple income sources, so if one goes bad, you won't be left desperate.
Its fine if you only have a single job but have multi investments that are generating decent profits. That way, even if you lost your job in the future, at least you will not struggle in your finances. However, if you only rely on a single job without having other sources of income, and have not made any investments at all, well that’s a very terrible case. You have to save a lot while working so you can invest in the future, like having bitcoin investment as your retirement.


Title: Re: How can it be possible coping with one source of income
Post by: AnonBitCoiner on March 08, 2024, 11:27:42 AM

     There is no problem if we only have one source of income, as long as it is able to sustain all expenses during the month we are going through. Now, if you're going to enter the crypto space, as long as you know how to manage your budget, you can actually do it.

     Because there are other people whose source of income is not that big but they are able to save money for things just in case there is an emergency, you have money to draw from that you don't need to borrow money from other people, but the size of the source of income is different; they still have businesses, but they are expensive, so they don't save any money.

Having one income source is better in some cases as I have seen that as more you are earning your expenses will be increasing more. There are numerous individuals who are living their lives only in a single source of income and their life is better than those who are earning lots of money.

Some people have less income but they know how to manage their finances and they know how to save money so they are happy with their lower salary. But still if someone wants to earn money beside their salary then crypto is the best field through which one can earn and that earning amount can then use for investment.


Title: Re: How can it be possible coping with one source of income
Post by: boty on March 08, 2024, 06:17:15 PM
Only having a single source of income is not a good idea. There are no sure things in life, and a job is exactly one of those unsure things. It does not matter whether you work in a company for 30 years and have an amazing track record. The company will lay you off, if they have a crappy management. Sometimes even if they have a good management. You can never know.

The best insurance is getting multiple income sources, so if one goes bad, you won't be left desperate.
Its fine if you only have a single job but have multi investments that are generating decent profits. That way, even if you lost your job in the future, at least you will not struggle in your finances. However, if you only rely on a single job without having other sources of income, and have not made any investments at all, well that’s a very terrible case. You have to save a lot while working so you can invest in the future, like having bitcoin investment as your retirement.
It's true that there's nothing wrong with having one job and having another source of income, but if we don't have a job but we still have income from the investments we have built then this will be very confusing for people who see us and people might think different things about it. ourselves and for now everyone will try their best to be able to have several sources of income that they can save and also invest, because if we don't have investment for the future of course we will have very difficult times and have to work until we are old and not will be able to enjoy old age by relaxing.


Title: Re: How can it be possible coping with one source of income
Post by: letteredhub on March 08, 2024, 09:22:05 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
It is very possible to live and cope fine with a single source of income, what is expected in that condition is to discipline oneself to living within the boundaries of what his income could afford and make accessible to him/her. With a good financial planning a single source income earners could make a better life for himself than a multiple sources income earner who's extravagant and wayward in spending. Life is all about budgeting and planning and when you fail to do so, no matter your sources of income you can't be able to cope satisfactorily well.
Very possible but you would really be living on the most standard way of living on which everything in budget and really very right. It would be also basing up on the situation because on the time that you do already have a family to feed then this is where story would really be starting to change on which you would really be needing to adjust according into it because if you do have some mouths to feed then it would be totally affecting out
overall about your budget and you would really be surely get short in terms of that. This is why it would really be that best that you should really know on what you are doing because if you are really just sticking into a single job or source of income and seen that you are already that overdropped ? then it would really be that common sense that you would really be looking up for something more.

It would really be just that depending into some individual on how they would really be hovering themselves in speaking about such life condition on which we do know that
majority of us really that having this kind of problem.
Majority of the world's population are surviving under a single source of income status and these are people that are with family, that's children and wife and are still able to take care of their family with that single source of income as it comes either monthly or weekly, it therefore doesn't make a difference if you're single or married with children in the proper maximizing of a single income. If you can be able to know and differentiate the family needs from wants then surviving is possible with that source. The only importance of multiple sources is that you can be able to access and get your Wants and Needs altogether without drop one for the other because the multiple sources can take care of it all at once.


Title: Re: How can it be possible coping with one source of income
Post by: Wakate on March 08, 2024, 10:19:53 PM
Only having a single source of income is not a good idea. There are no sure things in life, and a job is exactly one of those unsure things. It does not matter whether you work in a company for 30 years and have an amazing track record. The company will lay you off, if they have a crappy management. Sometimes even if they have a good management. You can never know.

The best insurance is getting multiple income sources, so if one goes bad, you won't be left desperate.
Its fine if you only have a single job but have multi investments that are generating decent profits. That way, even if you lost your job in the future, at least you will not struggle in your finances. However, if you only rely on a single job without having other sources of income, and have not made any investments at all, well that’s a very terrible case. You have to save a lot while working so you can invest in the future, like having bitcoin investment as your retirement.
It's true that there's nothing wrong with having one job and having another source of income, but if we don't have a job but we still have income from the investments we have built then this will be very confusing for people who see us and people might think different things about it. ourselves and for now everyone will try their best to be able to have several sources of income that they can save and also invest, because if we don't have investment for the future of course we will have very difficult times and have to work until we are old and not will be able to enjoy old age by relaxing.
It all depends on what we are doing and how much we are earning. We don't need to do multiple jobs before we could be okay and stay fit. Although this is based on the region and what we proposed to be doing to get money from ourselves. There are people are have only a source of income but the income is pretty okay for them to keep paying there bills and living a good lifestyle. It is very important for us to make plans and not depend on just a single income for us to survive. We all need to get something doing and make sure we don't create problems for ourselves because we want to have multiple streams of income. One income can still covers all the bills.


Title: Re: How can it be possible coping with one source of income
Post by: Iroh on March 08, 2024, 10:24:17 PM
It is very possible to live and cope fine with a single source of income, what is expected in that condition is to discipline oneself to living within the boundaries of what his income could afford and make accessible to him/her. With a good financial planning a single source income earners could make a better life for himself than a multiple sources income earner who's extravagant and wayward in spending. Life is all about budgeting and planning and when you fail to do so, no matter your sources of income you can't be able to cope satisfactorily well.

It’s not advisable to have a single source of income. It may be possible to live and cope fine with a single source of income but with the rate of inflation, your single income would start to be looking small for and wouldn’t be enogh anymore to keep up with living expenses.
How much you earn would be a good determinant on your lifestyle and even if you earn a whole lot of money, it would start to tell on your pockets later on with the rate of inflation and inflation with the prices of goods and services skyrocketing, it’s advisable to have a second means where income incomes in.


Title: Re: How can it be possible coping with one source of income
Post by: ndutndut on March 09, 2024, 07:21:51 AM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Only having a single source of income is not a good idea. There are no sure things in life, and a job is exactly one of those unsure things. It does not matter whether you work in a company for 30 years and have an amazing track record. The company will lay you off, if they have a crappy management. Sometimes even if they have a good management. You can never know.

The best insurance is getting multiple income sources, so if one goes bad, you won't be left desperate.
Its fine if you only have a single job but have multi investments that are generating decent profits. That way, even if you lost your job in the future, at least you will not struggle in your finances. However, if you only rely on a single job without having other sources of income, and have not made any investments at all, well that’s a very terrible case. You have to save a lot while working so you can invest in the future, like having bitcoin investment as your retirement.
The problem the OP is facing is that she only has one job, and in the last year she's had a lot of bills, so I assume she doesn't have any money to save let alone invest. There is only one way to overcome problems like this, namely by looking for additional income without disturbing your main job and learning to live frugally so you can pay off existing bills.

After everything is finished, then think about investing, because investment is not a get-rich-quick scheme, let alone crypto investment, of course for the long term. If you invest with less money and still have a lot of bills, I don't think it's a wise choice. The wise choice for the OP at this time is to continue to hone your skills so that your life becomes more productive, especially in the current technological era, it is very easy to find additional income, the important thing is to keep trying and not give up easily.


Title: Re: How can it be possible coping with one source of income
Post by: letteredhub on March 09, 2024, 02:04:38 PM
It is very possible to live and cope fine with a single source of income, what is expected in that condition is to discipline oneself to living within the boundaries of what his income could afford and make accessible to him/her. With a good financial planning a single source income earners could make a better life for himself than a multiple sources income earner who's extravagant and wayward in spending. Life is all about budgeting and planning and when you fail to do so, no matter your sources of income you can't be able to cope satisfactorily well.

It’s not advisable to have a single source of income. It may be possible to live and cope fine with a single source of income but with the rate of inflation, your single income would start to be looking small for and wouldn’t be enogh anymore to keep up with living expenses.
How much you earn would be a good determinant on your lifestyle and even if you earn a whole lot of money, it would start to tell on your pockets later on with the rate of inflation and inflation with the prices of goods and services skyrocketing, it’s advisable to have a second means where income incomes in.
Didn't say a single source is advisable or recommendable to relax on with but in a condition where there's only available source of income a frugal lifestyle can be employed to use for an individual or a family man and it will still go to a great length in meeting their needs even under the current state of inflation right now. Moreover, not all that have two or three sources of income might be earning big put together in total, there are persons with a single income source whose earning could be 2x bigger than some others with a multiple income. The bottom line is that, spend according to your income level and Yu won't have a much pressure to complain or worry on.


Title: Re: How can it be possible coping with one source of income
Post by: Dewi Aries on March 09, 2024, 05:00:07 PM
It’s not advisable to have a single source of income. It may be possible to live and cope fine with a single source of income but with the rate of inflation, your single income would start to be looking small for and wouldn’t be enogh anymore to keep up with living expenses.
How much you earn would be a good determinant on your lifestyle and even if you earn a whole lot of money, it would start to tell on your pockets later on with the rate of inflation and inflation with the prices of goods and services skyrocketing, it’s advisable to have a second means where income incomes in.

but if the source of income is large and sufficient, even more than enough to meet needs and so on, then there is no problem. but it's not good either, if you really have a large income you have to be able to take advantage of it, such as saving to open another business so that you have other income apart from your main job. It's true what you said, maybe as time goes by everything will add up. Of course we have to be able to adapt to technological advances too, but don't forget that with increasing income, the possibility of lifestyle can also increase.

It's good that we can have more than just one income, if we are still able to do it then there's nothing wrong with that because that's a good thing too. Also, having other income ensures that when the main income is in trouble, there is still other income that can be relied on to help in terms of funding, but of course we also have to pay attention to ourselves, whether we can afford it or not by having more than one income. because of course having more than one income will probably take energy too.


Title: Re: How can it be possible coping with one source of income
Post by: Egii Nna on March 09, 2024, 05:24:45 PM

Having one income source is better in some cases as I have seen that as more you are earning your expenses will be increasing more. There are numerous individuals who are living their lives only in a single source of income and their life is better than those who are earning lots of money.

Some people have less income but they know how to manage their finances and they know how to save money so they are happy with their lower salary. But still if someone wants to earn money beside their salary then crypto is the best field through which one can earn and that earning amount can then use for investment.

Having a single source of income in this current inflation affecting the globe is very dangerous, and again, you believe that when you can get more income, that is when you need to increase. Yes, everyone knows that, and let me inform you why that usually happens when you start getting another source of income, which means your money will definitely increase. That is when you will start thinking of things, and you will decide that with the source of income that you have presently, you can afford them, but when you don’t have that much as your income, all that will never come to your might because it is like your life is limited, which clearly shows that you will always deny what you want just because you don’t have the money to afford it. 

Moreover, having challenges is like a way to have more experience than before because thinking about how to solve those issues is what will increase your activity to be able to encounter many challenges that might arise, so I don’t see that as something that is not good because if your life is limited, you will not be able to view other things in life. 


Title: Re: How can it be possible coping with one source of income
Post by: Sorryfor on March 09, 2024, 05:54:22 PM
You should first find a specific source of income and make it regular. Your source of income will be one from which you can earn for a long time and which will help you financially on a regular basis. Also try to be careful enough to spend the money. Only do the things you need most with your money.  Try as much as possible to minimize overspending. Then maybe through this you can stay well in your level And according to your money you make a budget that till this specific time you will manage the whole month or week with a certain amount And of course do not spend any kind of unnecessary. You can also cite yourself more to earn money.


Title: Re: How can it be possible coping with one source of income
Post by: viananda2525 on March 09, 2024, 06:06:52 PM
It’s not advisable to have a single source of income. It may be possible to live and cope fine with a single source of income but with the rate of inflation, your single income would start to be looking small for and wouldn’t be enogh anymore to keep up with living expenses.
How much you earn would be a good determinant on your lifestyle and even if you earn a whole lot of money, it would start to tell on your pockets later on with the rate of inflation and inflation with the prices of goods and services skyrocketing, it’s advisable to have a second means where income incomes in.

but if the source of income is large and sufficient, even more than enough to meet needs and so on, then there is no problem. but it's not good either, if you really have a large income you have to be able to take advantage of it, such as saving to open another business so that you have other income apart from your main job. It's true what you said, maybe as time goes by everything will add up. Of course we have to be able to adapt to technological advances too, but don't forget that with increasing income, the possibility of lifestyle can also increase.

It's good that we can have more than just one income, if we are still able to do it then there's nothing wrong with that because that's a good thing too. Also, having other income ensures that when the main income is in trouble, there is still other income that can be relied on to help in terms of funding, but of course we also have to pay attention to ourselves, whether we can afford it or not by having more than one income. because of course having more than one income will probably take energy too.
Yes, of course it is true that if one source of income is managed well, there will be no significant problems. When carrying out a job, of course we are not required to be greedy, but how shrewd we are in managing finances according to income and needs. If someone has a business spirit then he will not feel that just one job is enough but he will look at other opportunities to increase his income. Maybe it's different from other people who have the spirit of an employee, it might be a little difficult to develop themselves to increase their income outside of their binding work.


Title: Re: How can it be possible coping with one source of income
Post by: AnonBitCoiner on March 09, 2024, 07:15:45 PM
Having a single source of income in this current inflation affecting the globe is very dangerous, and again, you believe that when you can get more income, that is when you need to increase. Yes, everyone knows that, and let me inform you why that usually happens when you start getting another source of income, which means your money will definitely increase. That is when you will start thinking of things, and you will decide that with the source of income that you have presently, you can afford them, but when you don’t have that much as your income, all that will never come to your might because it is like your life is limited, which clearly shows that you will always deny what you want just because you don’t have the money to afford it. 

Moreover, having challenges is like a way to have more experience than before because thinking about how to solve those issues is what will increase your activity to be able to encounter many challenges that might arise, so I don’t see that as something that is not good because if your life is limited, you will not be able to view other things in life. 

when earning of individuals are minimum then they wants to live a normal life and they minimize their expenses but if they starting to earn more money then they start to spend more and the reason behind this is that they start to buy unnecessary things which they were not buying in past with lower income.

Every person changes his lifestyle according to his income and is buying materials according to his status. If a person having little money when become rich will be able to save some amount for emergency because he has lived a life previously which will act as a lesson for him in future.


Title: Re: How can it be possible coping with one source of income
Post by: Gormicsta on March 16, 2024, 02:24:30 PM
Yes even I have gone through this as I had been doing more than one job but still struggling to cope with with the bills even after cutting down on all the unnecessary expenses. Here's the point if you are working multiple job with lesser income you will still struggle rather upskill yourself with the latest technology and get into high paying jobs in the market. Because I have seen a friend of mine who had invested his free time doing some networking course and end up earning more than what I earn with my two jobs combined. We need to focus on increasing our salary and yes having multiple stream of income is must as you never know when you may lose your job especially now as we are witnessing layoffs by tech giants as well, hence cannot be dependent on just one job or stream.

Amazing! you make an excellent point about having a side hustle, which may be a fantastic way to supplement your income and expand it. But I think once you've found an ability or passion that may be able to be made profitable, the next thing to do is to find out how to start. For instance, if you want to try something new at writing on your own, you may begin by creating an account on a platform such as Wikipedia or Fiverr. You might also start an internet site or blog to promote your work. If you're interested in tutoring, consider using an offering like Wyzant or Premier Tutors. If you wish to sell products online, you can create an account on eBay or Etsy.


Title: Re: How can it be possible coping with one source of income
Post by: hyudien on March 16, 2024, 02:51:20 PM
The problem the OP is facing is that she only has one job, and in the last year she's had a lot of bills, so I assume she doesn't have any money to save let alone invest. There is only one way to overcome problems like this, namely by looking for additional income without disturbing your main job and learning to live frugally so you can pay off existing bills.

After everything is finished, then think about investing, because investment is not a get-rich-quick scheme, let alone crypto investment, of course for the long term. If you invest with less money and still have a lot of bills, I don't think it's a wise choice. The wise choice for the OP at this time is to continue to hone your skills so that your life becomes more productive, especially in the current technological era, it is very easy to find additional income, the important thing is to keep trying and not give up easily.
That's true, perhaps one way is to look for additional work or side work. but not everyone can do it, because to do this in my opinion it requires more energy and time which must also be taken into account, don't force ourselves to do it if it will torture ourselves. and with time, of course when we do extra work or side jobs we have to be able to manage our time, where we are also humans who have to have time to rest, too much work is not good for our health.
and if you are capable of everything going well, what you have to pay attention to is money management so that everything can be better, don't let having a side or additional job make us more wasteful in managing finances, when finances start to stabilize then we can think about save or invest if that is what you want, because not everyone wants to invest even though it has been recommended, and to make an investment of course we have to be able to pay attention to many things such as emergency funds and others.


Title: Re: How can it be possible coping with one source of income
Post by: Antotena on March 16, 2024, 03:37:15 PM
Having one income source is better in some cases as I have seen that as more you are earning your expenses will be increasing more. There are numerous individuals who are living their lives only in a single source of income and their life is better than those who are earning lots of money.

Some people have less income but they know how to manage their finances and they know how to save money so they are happy with their lower salary. But still if someone wants to earn money beside their salary then crypto is the best field through which one can earn and that earning amount can then use for investment.

There is going to be a financial level you will reach, the money you used to think is large is actually little because then you were living below that level. If in a year you probably earn $50k and you don't have a car and girlfriend, you will always see $100k/annum as a big deal but as soon as you start earning more than that $100k and above, everything about you change, that's when yiu start looking into big things, thats when you even consider having a ride and because of the maintaining culture, you will spend more and 100k become a usual money in your eye.

Having different husle helps you not to depend on a single source because I have learn that in this life, nothing is guaranteed. If you have a single husle and that husle run into a problem, you will feel it even if you have savings, in 6 months you will go down but if you have two husle, you wouldn't feel much pressue but the effect will be there for sure.


Title: Re: How can it be possible coping with one source of income
Post by: boty on March 16, 2024, 10:56:14 PM
It all depends on what we are doing and how much we are earning. We don't need to do multiple jobs before we could be okay and stay fit. Although this is based on the region and what we proposed to be doing to get money from ourselves. There are people are have only a source of income but the income is pretty okay for them to keep paying there bills and living a good lifestyle. It is very important for us to make plans and not depend on just a single income for us to survive. We all need to get something doing and make sure we don't create problems for ourselves because we want to have multiple streams of income. One income can still covers all the bills.
Yes, this really depends on how much income we have, as you said, if the income we have can meet every need we need, of course this is not a problem for us because the income we get is still able to meet our needs. but it's different if the income we have is only enough for our needs and we can't have savings or even invest, I think it would be better for us to look for other sources of income so we can have savings and even invest, because if we don't have investment for the future and it will be very difficult for us to face future situations because we didn't prepare when we were young.


Title: Re: How can it be possible coping with one source of income
Post by: Belarge on March 17, 2024, 12:17:16 AM
Yes, this really depends on how much income we have, as you said, if the income we have can meet every need we need, of course this is not a problem for us because the income we get is still able to meet our needs. but it's different if the income we have is only enough for our needs and we can't have savings or even invest, I think it would be better for us to look for other sources of income so we can have savings and even invest, because if we don't have investment for the future and it will be very difficult for us to face future situations because we didn't prepare when we were young.
Investment is a solid one, I've been really entangled with these whole bulky processes of investment, just pick one solid investment and move higher to doing the most important job which is settling for more higher pays and living your dream life. We toil and labor for the basic needs of life's though it's never ending because it's continuous process for the purpose to keep surviving and striving harder each day. Coping with one source of incomes as a man doesn't seem like something one ought to be proud about because there's every tendency of that particular income dropping.


Title: Re: How can it be possible coping with one source of income
Post by: bitzizzix on March 17, 2024, 12:36:14 AM
The problem the OP is facing is that she only has one job, and in the last year she's had a lot of bills, so I assume she doesn't have any money to save let alone invest. There is only one way to overcome problems like this, namely by looking for additional income without disturbing your main job and learning to live frugally so you can pay off existing bills.

After everything is finished, then think about investing, because investment is not a get-rich-quick scheme, let alone crypto investment, of course for the long term. If you invest with less money and still have a lot of bills, I don't think it's a wise choice. The wise choice for the OP at this time is to continue to hone your skills so that your life becomes more productive, especially in the current technological era, it is very easy to find additional income, the important thing is to keep trying and not give up easily.
That's true, perhaps one way is to look for additional work or side work. but not everyone can do it, because to do this in my opinion it requires more energy and time which must also be taken into account, don't force ourselves to do it if it will torture ourselves. and with time, of course when we do extra work or side jobs we have to be able to manage our time, where we are also humans who have to have time to rest, too much work is not good for our health.
and if you are capable of everything going well, what you have to pay attention to is money management so that everything can be better, don't let having a side or additional job make us more wasteful in managing finances, when finances start to stabilize then we can think about save or invest if that is what you want, because not everyone wants to invest even though it has been recommended, and to make an investment of course we have to be able to pay attention to many things such as emergency funds and others.
That's true, but if one income or job doesn't match the expenses plus lots of bills to pay, that's stupidity that really needs to change. And there is no other reason than looking for additional income or additional work, because that is the only way to get out of income and expenditure inequality without considering the time and energy to do it. When talking about not having time or being tired, everyone definitely feels the same way for those who are struggling to improve their lives because their income is low or mediocre. However, they are required to do this until everything is stable and then think of other ways to still have income other than the fixed income they earn, for investment, business or other efforts for better survival.


Title: Re: How can it be possible coping with one source of income
Post by: hyudien on March 17, 2024, 03:42:21 PM
That's true, perhaps one way is to look for additional work or side work. but not everyone can do it, because to do this in my opinion it requires more energy and time which must also be taken into account, don't force ourselves to do it if it will torture ourselves. and with time, of course when we do extra work or side jobs we have to be able to manage our time, where we are also humans who have to have time to rest, too much work is not good for our health.
and if you are capable of everything going well, what you have to pay attention to is money management so that everything can be better, don't let having a side or additional job make us more wasteful in managing finances, when finances start to stabilize then we can think about save or invest if that is what you want, because not everyone wants to invest even though it has been recommended, and to make an investment of course we have to be able to pay attention to many things such as emergency funds and others.
That's true, but if one income or job doesn't match the expenses plus lots of bills to pay, that's stupidity that really needs to change. And there is no other reason than looking for additional income or additional work, because that is the only way to get out of income and expenditure inequality without considering the time and energy to do it. When talking about not having time or being tired, everyone definitely feels the same way for those who are struggling to improve their lives because their income is low or mediocre. However, they are required to do this until everything is stable and then think of other ways to still have income other than the fixed income they earn, for investment, business or other efforts for better survival.
Money management must also be paid attention to, if we have limited income, then try not to have a lot of bills to pay, try to minimize everything well, this is where money management is important, because there are people who have large incomes but often their income quickly runs out somewhere, I think people like this when they have money they only think about being able to buy what they want, not what they need, and when the money starts to run out, they realize that they are confused about where the money they have went, even if they fix it properly. Get used to recording expenses, maybe something like that won't happen.
Indeed, everyone definitely wants comfort in their lives, one of which is financial, of course if their finances improve or are stable then we won't panic or worry, if we really want financial freedom then we should be willing to fight for life by working hard to earn money. because that is the only right way, it's just that not everyone can do it, there are people who are lazy to work even though it is also for their own good.


Title: Re: How can it be possible coping with one source of income
Post by: Casdinyard on March 17, 2024, 10:39:29 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
The way you said "humans" made me fucking chuckle, are you an alien from outer space crash landing on the planet a few years ago and now you're trying to make ends meet?? LOL :D

Kiddings aside, the very best solution for you is learning a skill that pays well, coding and webapp development/software development to name a few good examples, learning it so good you get certificates and degrees for it, and then starting your journey in a high-paid field. My friends who are in this industry chose cryptocurrency as their avenue as it's closest to home, given the fact that a lot of us are in here since the early days of crypto plus as a matter of fact, a lot of people in this industry pay their developers very well.

And even then it wouldn't really be enough, just right to "make ends meet" as you are saying. Thing is that depending on where you live, you may want to have two to three sources of income that are consistent or at the very least sustainable if you're going for investments. If you choose to just stick with one you're going to find it hard to just pack all your expenses for the bills, you might (most likely even) even not have enough money to even start up a savings account. Make your choice, live a comfortable life by not finding a new source of income or work your ass off and reap the benefits later?


Title: Re: How can it be possible coping with one source of income
Post by: n0ne on March 17, 2024, 11:31:15 PM
Everything depends on the way you manage things. It is wise to make calculations based on what you earn. When you make such calculations, we'll learn how to limit ourselves. When we don't take income into consideration, we'll end up in debt. Whether it is a single source or multiple sources of income, it doesn't matter at all. How we skillfully handle the needs and fulfill the family and personal needs is the success of our money management. If we've got the thought that the income source needs to be increased, then within the earnings we need to allocate more towards investment, which assures better income for the future.


Title: Re: How can it be possible coping with one source of income
Post by: Asiska02 on March 17, 2024, 11:32:24 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

You haven’t been able to see your source of income being satisfactory to you because of what you must have been engaging to spend those money on. When you cut your coat according to your size, you’ll know how to fit into a particular style of living that will see your source of income as the most convenient for you. If you look closely at those that a source of income is enough for them, you’ll be surprised that they don’t engage in most of the things you’re always engaged in with your money. Sit down and do some checks on your expenses, get those things out of your life that you can still live without having them and are money consuming to you. After doing that, your personal expenses life will adjust and you can manage the new life set for yourself with that one source of income.


Title: Re: How can it be possible coping with one source of income
Post by: Pi-network314159 on March 18, 2024, 12:57:45 AM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
This bill issue is  world wild, economy is becoming harder by the day and people are just pretending as if all is well mean while they are just suffering and smiling.  I myself sometimes I am equally sad whenever I want to buy something and the price has changed drastically I became angry and sometimes I might decide to leave what I proposed to buy before. And cut my expenses to what I could afford with that same money because that is the only way to eliminate the price hike. Or buying some few things and leave the rest for another Day.


Title: Re: How can it be possible coping with one source of income
Post by: Dewi Aries on March 18, 2024, 09:43:03 AM
Everything depends on the way you manage things. It is wise to make calculations based on what you earn. When you make such calculations, we'll learn how to limit ourselves. When we don't take income into consideration, we'll end up in debt. Whether it is a single source or multiple sources of income, it doesn't matter at all. How we skillfully handle the needs and fulfill the family and personal needs is the success of our money management. If we've got the thought that the income source needs to be increased, then within the earnings we need to allocate more towards investment, which assures better income for the future.

Indeed, we should be able to adjust our own income to our circumstances and desires, don't force ourselves too much to achieve everything we want, if our financial situation is inadequate then it is not recommended to force ourselves. Balancing your income with your own needs and desires is a must, because that way we can run everything well, but if we can't balance the income we earn by managing it incorrectly then what will happen is only problems. It is possible that when financial problems occur, there are thoughts of borrowing money, where this loan will become a problem in the future because every time the interest will definitely be greater.

However, not everyone can make profitable investments, in my opinion it is a long-term investment, don't think that investment can be profitable in the short term. and I think before making an investment we also have to be able to pay attention to other things such as finances which must be stable, because to make an investment of course we have to be able to maintain it, don't be distracted when finances are in trouble, so not everyone can make an investment and everyone's desire is also their choice. It's different, it's not possible for everyone to want to invest in their life, some people just settle for saving.


Title: Re: How can it be possible coping with one source of income
Post by: erep on March 18, 2024, 06:08:11 PM
Everything depends on the way you manage things. It is wise to make calculations based on what you earn. When you make such calculations, we'll learn how to limit ourselves. When we don't take income into consideration, we'll end up in debt. Whether it is a single source or multiple sources of income, it doesn't matter at all. How we skillfully handle the needs and fulfill the family and personal needs is the success of our money management. If we've got the thought that the income source needs to be increased, then within the earnings we need to allocate more towards investment, which assures better income for the future.
If we earn an income with an accumulated minimum wage, it will be difficult to manage finances because that income cannot cover all basic needs and monthly bills, the global economy is currently experiencing inflation causing all price effects to increase higher than we expected, so the right solution is that We have to use our free time to do other work to get additional income, so make the best use of your time to achieve the right income to meet all your needs and it is better to reduce spending on optional necessities to allocate to your savings allocation so that you achieve financial freedom in the future.


Title: Re: How can it be possible coping with one source of income
Post by: Reatim on March 18, 2024, 06:59:31 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
This bill issue is  world wild, economy is becoming harder by the day and people are just pretending as if all is well mean while they are just suffering and smiling. 

Well it’s not like they can do much else. If they stop smiling and stop trying, will anything happen? No nothing
Sometimes you have to push yourself to be happy so that you can keep going in life because if you don’t
you will be beaten by life. I’m not saying we should just pretend nothing is wrong but I am saying
we shouldn’t dwell on the bad things so much but instead work towards the future with a brighter perspective.


Title: Re: How can it be possible coping with one source of income
Post by: Youngkhngdiddy on March 18, 2024, 09:32:47 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
  In my opinion no income is truly passive, it’s a sliding scale. People also underestimate the amount of work needed to set up a decent passive income stream. The time it takes to learn the skills required, then apply those skills, fail, learn more then try again (possibly several times) before your successful can be huge with no financial reward and even financial loss. There are certainly active side hustles that I wouldn’t suggest putting time into. Flipping products is very active. Drop shipping is very risky and unless you have managed to build a brand,is too easily imitated. Competitors can and will just undercut you. Youtube is very active, unless you can find an evergreen niche. Now if you have certain certain skills or an aptitude for these things then you can build successful side incomes. I guess the effort/reward can only ever be judged on a personal level.
  I think you should have multiple sources of income where possible as this lowers risk, however it is usually easier to increase income from current job/ career than it is via something completely new. Having a second source of income gives financial security, diversification, speedier goal attainment, improved savings, investment opportunities, skill development, flexibility, and a cushion against inflation. Having multiple sources of income will be the best for anybody. To develop multiple sources of income, you have to work hard and learn the required skills through online courses in 2–3 enterprises. In addition, you have to start saving and investing in various financial instruments such as fixed deposits, recurring deposits, shares and mutual funds that keep earning for your even when you sleep.


Title: Re: How can it be possible coping with one source of income
Post by: rangga28 on March 18, 2024, 10:22:36 PM
Everything depends on the way you manage things. It is wise to make calculations based on what you earn. When you make such calculations, we'll learn how to limit ourselves. When we don't take income into consideration, we'll end up in debt. Whether it is a single source or multiple sources of income, it doesn't matter at all. How we skillfully handle the needs and fulfill the family and personal needs is the success of our money management. If we've got the thought that the income source needs to be increased, then within the earnings we need to allocate more towards investment, which assures better income for the future.
If we earn an income with an accumulated minimum wage, it will be difficult to manage finances because that income cannot cover all basic needs and monthly bills, the global economy is currently experiencing inflation causing all price effects to increase higher than we expected, so the right solution is that We have to use our free time to do other work to get additional income, so make the best use of your time to achieve the right income to meet all your needs and it is better to reduce spending on optional necessities to allocate to your savings allocation so that you achieve financial freedom in the future.
In my opinion it depends on where we are alone, if we live in the city it will be very difficult if everyone depends on just one source of income but we do have to look for alternative work to increase our income. Meanwhile, if you live in a rural area, you can still survive with a standard life, because in rural areas there are things where you don't need to spend a lot of money because if you are good at using land, it will be very easy to manage finances that come from one main source of income.


Title: Re: How can it be possible coping with one source of income
Post by: batang_bitcoin on March 18, 2024, 10:40:59 PM
In my opinion it depends on where we are alone, if we live in the city it will be very difficult if everyone depends on just one source of income but we do have to look for alternative work to increase our income. Meanwhile, if you live in a rural area, you can still survive with a standard life, because in rural areas there are things where you don't need to spend a lot of money because if you are good at using land, it will be very easy to manage finances that come from one main source of income.
Solo living can survive your salary alone but it also depends if your salary isn't that much and just fits you and your lifestyle. This is when many tries to change their lifestyle because they've earn much to sustain their lifestyle. Living with a lifestyle and living frugally are two different things and that's why many solo living people can't even sustain their lifestyle despite that they're on their own and alone because of many factors too not just with their kind of living but also with increasing rents.


Title: Re: How can it be possible coping with one source of income
Post by: maknyos on March 18, 2024, 11:15:40 PM
If we earn an income with an accumulated minimum wage, it will be difficult to manage finances because that income cannot cover all basic needs and monthly bills, the global economy is currently experiencing inflation causing all price effects to increase higher than we expected, so the right solution is that We have to use our free time to do other work to get additional income, so make the best use of your time to achieve the right income to meet all your needs and it is better to reduce spending on optional necessities to allocate to your savings allocation so that you achieve financial freedom in the future.
That's right, looking further ahead can give us motivation to try harder and be more persistent in looking for additional income. Almost all daily necessities increase every year, if the amount of income does not increase then we will continue to be depressed. Using free time to learn new skills, such as making money on the Internet by becoming a content creator, in my opinion, can also increase our income in the future. With a mediocre income, it is difficult to set aside for investment, but if we get income from other sources then it is very possible.


Title: Re: How can it be possible coping with one source of income
Post by: poodle63 on March 19, 2024, 02:54:46 AM
In my opinion it depends on where we are alone, if we live in the city it will be very difficult if everyone depends on just one source of income but we do have to look for alternative work to increase our income. Meanwhile, if you live in a rural area, you can still survive with a standard life, because in rural areas there are things where you don't need to spend a lot of money because if you are good at using land, it will be very easy to manage finances that come from one main source of income.
Solo living can survive your salary alone but it also depends if your salary isn't that much and just fits you and your lifestyle. This is when many tries to change their lifestyle because they've earn much to sustain their lifestyle. Living with a lifestyle and living frugally are two different things and that's why many solo living people can't even sustain their lifestyle despite that they're on their own and alone because of many factors too not just with their kind of living but also with increasing rents.
the thing with salary nowadays, they are too small in increase its not a rare thing to see that a rent costs 70% of their whole salary and many people only got 30% of their money left to survive, sometime living frugal life just doesn't cut it because the state we are in is just really bad there need to be some change around the job and the place we are living.
in big cities in general its always full places that are too expensive for us to live in, it roughly reminds me of hongkong where renting an apartment with very small space already taking up so much of the salary of the people there which therefore since its so expensive they need to split bill with their colleagues renting small apartment just to make ends meet.
some place its just that worse.
the only way? pump that income, single source of income isn't sufficient nowadays unless its a really good job with quality income you might make ends meet and still save up some.


Title: Re: How can it be possible coping with one source of income
Post by: batang_bitcoin on March 19, 2024, 08:43:43 AM
In my opinion it depends on where we are alone, if we live in the city it will be very difficult if everyone depends on just one source of income but we do have to look for alternative work to increase our income. Meanwhile, if you live in a rural area, you can still survive with a standard life, because in rural areas there are things where you don't need to spend a lot of money because if you are good at using land, it will be very easy to manage finances that come from one main source of income.
Solo living can survive your salary alone but it also depends if your salary isn't that much and just fits you and your lifestyle. This is when many tries to change their lifestyle because they've earn much to sustain their lifestyle. Living with a lifestyle and living frugally are two different things and that's why many solo living people can't even sustain their lifestyle despite that they're on their own and alone because of many factors too not just with their kind of living but also with increasing rents.
the thing with salary nowadays, they are too small in increase its not a rare thing to see that a rent costs 70% of their whole salary and many people only got 30% of their money left to survive, sometime living frugal life just doesn't cut it because the state we are in is just really bad there need to be some change around the job and the place we are living.
in big cities in general its always full places that are too expensive for us to live in, it roughly reminds me of hongkong where renting an apartment with very small space already taking up so much of the salary of the people there which therefore since its so expensive they need to split bill with their colleagues renting small apartment just to make ends meet.
some place its just that worse.
the only way? pump that income, single source of income isn't sufficient nowadays unless its a really good job with quality income you might make ends meet and still save up some.
I would quit and find a cheaper place if a rent costs me around 70% of my salary. What kind of life is that? I'm only living paycheck to paycheck and it's like I am working for my landlord. No way, that kind of hectic life and I have no freedom at all. That's the reason why if someone is going to go with solo living, he or she has got more freedom to choose the place to stay where they can save more money and won't get into those expensive rentals.


Title: Re: How can it be possible coping with one source of income
Post by: slapper on March 19, 2024, 09:53:39 AM
In my opinion it depends on where we are alone, if we live in the city it will be very difficult if everyone depends on just one source of income but we do have to look for alternative work to increase our income. Meanwhile, if you live in a rural area, you can still survive with a standard life, because in rural areas there are things where you don't need to spend a lot of money because if you are good at using land, it will be very easy to manage finances that come from one main source of income.
Solo living can survive your salary alone but it also depends if your salary isn't that much and just fits you and your lifestyle. This is when many tries to change their lifestyle because they've earn much to sustain their lifestyle. Living with a lifestyle and living frugally are two different things and that's why many solo living people can't even sustain their lifestyle despite that they're on their own and alone because of many factors too not just with their kind of living but also with increasing rents.
the thing with salary nowadays, they are too small in increase its not a rare thing to see that a rent costs 70% of their whole salary and many people only got 30% of their money left to survive, sometime living frugal life just doesn't cut it because the state we are in is just really bad there need to be some change around the job and the place we are living.
in big cities in general its always full places that are too expensive for us to live in, it roughly reminds me of hongkong where renting an apartment with very small space already taking up so much of the salary of the people there which therefore since its so expensive they need to split bill with their colleagues renting small apartment just to make ends meet.
some place its just that worse.
the only way? pump that income, single source of income isn't sufficient nowadays unless its a really good job with quality income you might make ends meet and still save up some.
For what are we grinding day after day? To pay a landlord 70% for a closet in a concrete jungle? Absurd! Being thrifty isn't enough anymore

The bright lights of big city life promise much but give nothing. Hong Kong-like, right? Spending a fortune in a tiny location makes it hard to breathe. The truth? Suffocating. Splitting rent is survival, but it's not sustainable

A single income leaves you vulnerable; one slip and you could face financial hardship. Not if, but when you fall. Diversifying income is the key, not just increasing it. Consider that putting all your eggs in one basket is risky in our turbulent environment. We need a paradigm shift in how we earn and how we think about earning. Wake up: the old playbook is dead


Title: Re: How can it be possible coping with one source of income
Post by: God bless u on March 19, 2024, 12:39:12 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
It depends on how much you earn, and I think many people have one income that is enough to meet their needs and also pay other bills. So it depends on how much income you have and how well you manage it, even if it is not enough, they can overcome it by cutting necessary expenses and living as is.
But for now, in my opinion, we have to be smart and independent so that we can consistently overcome everything without shortcomings or mediocrity. By having a side job or additional income, you can live in peace and financial security.
That's the point, I've seen people living great lives while just having a 9 to 5 job and no side jobs or extra sources of income. The reason behind that is they earn good enough and their pay range is way above their expenses, so everything is easily manageable with the only source of income they have.
It also depends on how good you are with financial management because there are some people who have high-paying jobs but they are still not able to manage everything with the money they earn and you will always find them struggling with their finances despite having a good income.
So it depends on how much you earn and then how you manage those earnings regardless of having a single or multiple sources of income.

I think it all depends on the wishes you had in your life. If your wishes are higher than your source of income then you will never be satisfied with the earnings you are doing at the moment. Some people are never thankful to God and they have a habit of just seeing people good in financial condition then them. These types of people will never be satisfied no matter how much they earn and no matter how much they spend it will always be less

You just need to understand that we can only try to be good financially other than that we must leave everything to our Lord's hands. You should work hard to earn but you should never be overwhelmed by the wealth


Title: Re: How can it be possible coping with one source of income
Post by: tsaroz on March 19, 2024, 12:50:12 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

You should be saving at least 25% of your income/salary. If you are not, you should think of changing your job. You might need to change your city and move to somewhere you can afford. If there are adult depended on you, they should look for job to make some economic contribution. You can't have a second income if you don't have a supportive primary income.
If your primary income is providing you some savings, allocating a part of it to promising cryptocurrencies would be a good idea. Stock market can also be a good plalce to invest depending on the stock situation your country have. And if you have a good balance, buying a real estate in Tier 1 city is still a good idea, even if the smaller towns get empty, Tier 1 cities are bound to increase on real estate demand.


Title: Re: How can it be possible coping with one source of income
Post by: SlowPP on March 20, 2024, 07:17:17 AM
Just do the math, if your income is enough to cover the spending then one source of income is fine but its clear that it isn't so fine something else that pays you more than your current job or just adds side hustle spreads the burden for a while.

Comparing your income and lifestyle with someone of your same income range but a different lifestyle can't really justify your view so better focus on your income and how much that you expect to spend a month along with emergency funds if the income is lower or nil then as I said find something that can bring more money to your pocket.

Doing the maths thou isn't necessary cause ,if you're leaving in the city it will be very difficult if you're not earning much source of Income the maths doesn't matter mate you won't have to do any maths down you will know that this earning won't take you before the weekend,you have say it all mate if your income isn't your best satisfaction just find yourself something doing to make you earn much money ,


Title: Re: How can it be possible coping with one source of income
Post by: jasonjm on March 20, 2024, 04:10:25 PM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Inflation is taking a large chunk of money from savings. Nowadays, it is difficult for many people to manage their expenses. For an average earner, having an alternate source of income is very important for survival. People are using one earning source for paying bills and groceries and another for future expenses. Limit your expenses, try to save for the rainy days, and have some budgeting and money management implementation. You should also try to invest some of your money into stocks, bitcoin or gold for the future.  Do not compare your lifestyle with any other person because the person might be more in debt than you.


Title: Re: How can it be possible coping with one source of income
Post by: Jody.Drummer on March 20, 2024, 05:33:42 PM
Everything depends on the way you manage things. It is wise to make calculations based on what you earn. When you make such calculations, we'll learn how to limit ourselves. When we don't take income into consideration, we'll end up in debt. Whether it is a single source or multiple sources of income, it doesn't matter at all. How we skillfully handle the needs and fulfill the family and personal needs is the success of our money management. If we've got the thought that the income source needs to be increased, then within the earnings we need to allocate more towards investment, which assures better income for the future.

I agree with you that is true. with those of us who have income but cannot manage it well, it is possible that money could be borrowed and ultimately leave us in debt. and in my opinion this can still be fixed by having good money management. If we can manage our finances well then there will be no risky actions such as lending money to people in the local area or the bank. I think this happens to many young people who prioritize style over needs.

In general, of course everyone wants financial freedom, therefore we must have an income and have good money management. If just one income is not enough then what you have to do is look for additional income such as doing additional work or part-time work, but To do this it is better for us to look at ourselves first whether we can and are capable of doing it or not.


Title: Re: How can it be possible coping with one source of income
Post by: boty on March 20, 2024, 05:40:04 PM
I think it all depends on the wishes you had in your life. If your wishes are higher than your source of income then you will never be satisfied with the earnings you are doing at the moment. Some people are never thankful to God and they have a habit of just seeing people good in financial condition then them. These types of people will never be satisfied no matter how much they earn and no matter how much they spend it will always be less

You just need to understand that we can only try to be good financially other than that we must leave everything to our Lord's hands. You should work hard to earn but you should never be overwhelmed by the wealth
Having desires that are greater than the income we have will of course make it difficult for us to fulfill our desires and if we follow our desires of course this will be a problem for us in meeting the needs we need and if we don't being able to feel satisfied with what we have got, of course this will make us have to work harder to be able to achieve what other people have achieved, but if we are jealous of other people's achievements then that is very bad and it will be better when we see other people's success. otherwise we can use this as motivation for us to be able to achieve what they have achieved.
When we have put in the hard work, we will certainly be able to get results according to what we have done.