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With the current economic realities on ground it is suicidal for anyone to still depend on salary for survival as the monthly expenditure of the average individual is far above the monthly income of the ordinary citizen's
 With the economic problems of the world we find our self today waiting for a monthly salary is like you shortly your life Spam by two as you will continue to be a slave to your salary and work.
Off recent I have come to the realization that self reliance and acquiring a skill that will fetch you Money at every given point in time is the best and should be encouraged over going to work where you will be paid peanut at the end of the month.
In conclusion I am of the view that working for an organization for salary which is not up to half of your productivity in the month is like you giving yourself for slavery and to me is one of the ways the modern world as modernized slavery to be.

Everbody wants to be become independent with their own business which is reality but it  cannot happen because we aren’t equal. Personally I don’t have problem with government jobs because sometimes it is only source of income easy to get by poor people. One who isn’t rich cannot have the means to set up his own business right off but actually needed the money go about this and The most common opportunity presented is the company and government jobs this way they can earn some income and even get to start their own business from here.

I have also come to the realization that a single source of income isn’t actually a sustainable one again as we have multiple problems with high inflation this days as such even a two sources of income isn’t consider enough but rather more than that which is still subjected to ones funds.

Having only one source of income is not enough. You need to have side hustles that are bringing you money to complement your salary. Interestingly, I just saw another topic today on this board that the OP also said the same thing about workers being slave. My opinion is that if you feel you’re not getting paid enough for your work and you know that you deserve better, I advise you find a job that pays both commission and a base salary.

This is a nice point that dependence on wages only somewhat assumes the nature of modern slavery, mainly when monthly expenses are rather more than the income. The complexity in the contemporary economic system, which has increased inflation and costs much more, makes reliance on wages seem to be somewhat old-fashioned. Emphasis on self-sufficiency and acquisition of skills would be transformational strategies. Enable various persons. Offer them an opportunity and be free from financial constraint. Facilitate personal development. Enthusiastic persons develop skill sets, entrepreneurial skills themselves and multiple income streams leading to financial freedom. This, in some way, is more adaptable as it opens the door to alternative participation in the work. It will allow people to exploit their skills and passions for developing sustainable income. Ultimately, being free from one's career leaves one to lead a more independent and self-reliant lifestyle.



I agree wholly that it takes one source of risk to make it all unsafe. Especially in our current economy, a side hustle can provide financial clues that we all need right now. Of all the interesting aspects is how the concept of our "wage slaves" keeps getting popular. A potent metaphor for how trapped many people are in their jobs. It is a good loan with both fixed salary and commission: it will ascertain proper compensation for efforts. At the end of the day, it may turn out to be extra work, but, in fact, it can be a path towards more stable employment: seeking better pay. Time for taking proaction for the future-advancement toward financial freedom.

It depends on the country you live in and your level of satisfaction. For instance, if you’re in a wealthy country with good benefits for employees, like free healthcare and education, all you really need is to work enough to make ends meet.

However, if you aim for a higher level of financial success, starting a company might be the best route. But keep in mind, running a business comes with risks, and not everyone who tries will succeed...that’s why the rewards can be high. It’s important to weigh your options and do what you truly enjoy. Everyone wants to achieve financial freedom, but it all depends on your satisfaction level.

In our country, I’d say salaries aren’t enough for most of the population. Being in a developing country, wages are low while expenses like rent, food, education, and healthcare are costly. For someone earning a minimum salary of less than $200 a month, life can be a real struggle.

I'd say it depends? In our country at least afaik a person can still live with their own monthly salary. Doesn't take into account emergencies for the most part though so I guess that's a minus. It also depends on the level of how a person themselves live? I know quite a few people who always seem to want the latest stuff just to make it look like they're at the "top" of the social caste without being able actually to support themselves lol.

And if the problem is reliance on a job that doesn't pay you properly, you can always look for better ones while keeping the one you have right now. And you can do some side gigs even while having a fulltime job. It's a lot more stable imo compared to suddenly just doing side gigs as your entire full time job. I'd only ever do that if my side gig makes enough and is stable/constant enough to actually replace a corpo job.

A tough situation we live in but it's the truth, sometime salary just doesn't cut it, that's why you also need side hustle, you might say learning skill and all is better than working for a company with low salary, but sometime a man need money to fulfill basic needs otherwise they got nothing for living and the easiest way is being employed.

this is why I also trade heavily on the side, to pay bills and all, it's surprisingly a good skill that I have, though, I won't call myself an expert but it's sufficient enough for me.

if you want to get out of this hellish marathon of just work after work just to have barely enough money to make a living, you should do a different pathway than other people even then there's no guarantee you will succeed, because this path will have so much risks.

Yes, I share your point of view that working in a government or private institution full-time for a monthly salary that is not enough for your monthly expenses is more like slavery. Yes, I have experienced this myself when I was a former government employee, but now I have resigned, thank God, and I work in private business with much higher productivity.

The requirements of daily life have become expensive in most countries, even those rich countries that give high salaries, so you find most people looking for additional work because the basic salary is no longer enough to meet all needs, especially for those who have a family and children.

It’s true but the system is too difficult to break down now that we have no choice but to accept it and work for these companies at least until we are able to stand in our own two feet. If we know how to find other sources of income and can manage our finances well, we might be able to escape this system. The higher ups do not want you to build a mindset that can threaten their stance. But in all honesty, business is what will get us out of this modernized slavery as you call it.

Imagine you're live in a country that jobs pays with minimum salary require you have bachelor degree and experience, but you're just graduated from high school and have no experience. You can only work in shit jobs pays lower than minimum salary and you work for 10-12 hours in six days per week.

Someone will suggest to learn new skill and take a college for working people, but how can someone learn a new skill when their full time jobs already drain their physical and mentality, while take a college requires you to pay a good amount of money.

With my current position and salary on my current job, I'd say I relate to your opinion but this isn't really the majority of it. There variety of jobs out there which is enough to provide needs and wants to each individual without having a need of an extra job or side hustle.
Like you've said, we also have a role to provide more skills and abilities to receive a higher position with larger compensation which some companies offer for free by giving certification and training to their employees.
Also, you're more of an asset to the company than a slave as the more you offer, the more compensation you receive like any other businesses out there. But still, this varies depending on the company you work for.

Honestly, no one wants to be someone else's employee, everyone wants to be the boss but there is a huge gap between thinking and doing. When it comes to ideas, everyone has ideas, but not everyone has the ability or courage to turn them into reality.

Like OP, he eventually realized that working for hire alone wasn't enough to survive, let alone become rich. But what will he do next? Will he invest or start a business but will he have enough capital, experience and courage to step out of his comfort zone? I'd really like to know OP's next move after he realized that being an employee for someone else wasn't ideal.

Life is like that, we don't easily get what we want and sometimes we don't even have any other choice because we don't just live for ourselves, we also have relatives and family.

Everyone has ideas, everyone has dreams...but how many people can turn them into reality? Our world is harsher than we think, it is not as rosy as we imagine.

The problem with this solution is that a lot of people already knows about this solution already and there's probably so many freelancers doing their side hustles that it's the same thing as finding a new job already comparing the amount of available side hustles back then to now, the competition is just much higher and at the same time, there's only so much side hustle that you can do, I also would love to advocate for people to find the time to rest and have time for other things besides wanting to earn more money to survive the current economy, this kind of argument only enables the capitalists to further disincentivize increasing the minimum wage because people are always advocating for doing side hustles instead of living the life outside of work.

Relying on just one source of income is clearly not enough to cover all daily or monthly needs amidst soaring inflation. As an employee, they always remind that with a bigger salary, the company may not be able to pay more salary to its employees. When it comes to insufficient salary, the basic concept is of course to look for additional income or learn new skills or expertise as a form of investment for yourself for the long term, if you have mastered it, the skill can be used as a new source of income.

The increase in the prices of goods and services has made money worthless. You can hardly depend on only your salary to survive. However, many countries have reviewed the minimum wage to enable workers to earn higher. An increase in salaries is not the solution because prices always skyrocket when salaries are increased.

Cutting your expenses at these hard times is non-negotiable. Getting a side might be a good idea since you could even extra cash. Learning a skill in areas where salaries are high is another option. Starting a business can also help to relieve the financial pressure. Regardless of how small, we should also save because we need to invest for the future.

That's a very common problem everywhere nowadays. People don't want to work anymore because their pay checks are barely enough for their mandatory needs. They want to enjoy the life too and they feel like they are throwing their life away by working. The reason is the inflation of course. No matter how much they earn, it will never be enough because the FED will be printing money even faster. We need to invest in limited supply assets like bitcoin and gold to get out of this mess. Gold has been doing incredibly well recently btw. ATH after ATH and it doesn't look like it is going to stop any time soon.

I am realistically not in doubt that salaries are not enough for individuals with responsibilities or one aim a future target.
Infact, you would be enslave on relying on salaries because your job can always be terminated anytime.

Though some amount of salaries could be much attractive on a long run to meet up some appreciative goals but one thing is sure that everyone wants increase of incomes for as the more our incomes increases is the more we also updates our expenditures.

So at this course is a point why we need to diversify our source of incomes so that even if at the time of financial challenges or inflations our savings and future targets can not be obstructed.

It depends what salary you have doesn’t it. If you are very highly paid then living on a salary with no investments is fine. If you are on a mediocre or low salary then it might be a good idea to invest in crypto or stocks to increase wealth. We are on a Bitcoin forum so I can’t think of a better way to increase your net worth than buy Bitcoin.

You are correct but there are people who don't have choice on what to do towards this because that is the only way they have learned to live and depends on because when they aren't attached there they may find it so hardly to find for another way of earnings. For instance, there are teacher who are above 40-50 years which hoping and depending to be retired and this people can't look for alternative rather depends on their pension to sustain themselves. But for young vibrant youth these people can actually look for alternative were they can through multiple streams of income and some of them may likely involved themselves with freelance job,such as affiliate marketing and some other remote jobs that pays well without depends on only one source.

Surviving on a meagre salary will not give anyone a chance to find a better life as now all forms of goods are going up without exception. But it is far worse when people have no income as compared to those with low incomes because even though our income is low we can adjust. Economic problems are getting harder to overcome by some of the poor people due to the limited jobs available.

If you don't want to be a slave to others, then try to build your own business because even though it's small, you can set your own strategy to develop it and we don't need to be controlled by others. In an increasingly sophisticated world that relies on advanced technology, there are many things that can be done to make money, but we are required to have skills to know which opportunities are more suitable for us to pursue.

Money will be a big problem in human life when someone is unable to produce because everything needs money to buy. Don't give up just because you've failed because the characteristics of successful people are daring to take big steps even though they often fail at first.

Yes, salary is not enough to cover our daily needs because the daily needs can increase anytime while our salary is rarely to increase depends on the company policies. We must search for other opportunities so we can have additional income that we can use to fills our daily needs and we can save the rest of the money for our future. We can not depends on our salary but if your salary is big enough to cover all of your daily needs and you still have more money in your wallet that will be good. But not many people who will have a big salary because many people still have low salary which will hard to use for their daily needs. That is why we must trying to have more sources of income whether that is additional work or investment so we can have more chances to earn money to fills our daily needs.

I think that in all countries in the world, there are different levels of employment, so people who are at the top of the ladder will have high salaries that can provide them with a good life, to the point of paying all their bills and still having plenty of money left over to have fun. Now, in the case of people who have a low salary, they need to save up to have a good amount of money to start a business, because to borrow money from banks, they need to meet many requirements. Most of the time, banks do not give loans to people who work in private companies; they give loans to people who work in the government. That is why, in my opinion, a salary is a means of getting money to start a business, and even after having a business, a person should not quit their job.

Working for someone is nothing like modernized slavery. Even if you're self-employed or an entrepreneur, you're still working for someone directly or indirectly. Some jobs pay better than what you might get from starting a business of your own and starting something doesn't come easily on a platter of gold. Even when you have a certain skill set, you will still need to work with someone in some way and will have to be grateful for whatever you're being paid based on mutual agreement.

It's a big problem when everyone wants to start a thing of their own. If everyone does it that way, who will then work for who? at some point, you will still need others to help you do some jobs and if everyone has that kind of mentality that working for others is slavery, I bet you can never grow your company. I know the angle you're coming from is because of the inflation and the bad pay that some companies gives to her staff. It's understandable to think that way, at least that will spur you to think outside the box and not restrict yourself to working in that organization for the rest of your life. It's not every one that can succeed well independent of systems that's already well structured and it's not every one that grows well in an already structured setting. The take is to know what works well for you and stick to it.

With the economy the way it is, it's getting harder and harder to make ends meet on just a salary. Most people are spending more than they earn, and it's a constant struggle. Relying on a paycheck every month feels like you're trapped, just working to survive instead of living your life.

I think the answer is to be more self-reliant. Instead of waiting for a small paycheck, learn a skill that can bring in money whenever you need it. It's not just about having a job; it's about having options and control over your income.

Working for a salary that doesn't even cover your expenses feels like you're a modern-day slave. It's a system that benefits the company more than it benefits you. We need to find a better way to make a living.

We have to admit that our lives are getting harder and harder, making money is getting harder and harder while the prices of goods are increasing , and that makes us feel suffocated . But you're right , it all depends . If our income is low but we always want to live a rich life then obviously our salary is not enough. But if we know how to balance our salary with our current life,  I believe that even with a low salary,  we can still maintain our life.

I believe that in addition to trying to earn more money, we should have a spending and saving plan . If we don't have a spending plan, no matter how much money we earn ,  we will always feel like it's never enough .

With the rate at which the prices of goods and services are increasing in most countries due to high inflation, it has become necessary to have more than one source of income. The government of my country has grudgingly increased minimum wage because of our labor union strike. But the increment has not added any value to workers because of the high cost of commodities in the market. The super rich might not be affected but the average and low income earners in these economies needs to find alternative sources of incomes to be able to survive hardships.

I cannot categorize all workers as slaving for their employers, there are top management levels that enjoys special benefits and attractive salaries. Also there are employers that runs their businesses with the interest of the growth of their workers, they'll pay them very well and give them deserved benefits. But I must agree that most employers don't care about the welfare of their workers, they see them as tools to get their work done rather than fellow human beings that needs to excel in life. The bottom line is that anybody that is working for somebody else should not totally depend on what they're getting, they should always have a plan b.

Very correct the current rate of increments of things in the country whereas leading to a bad and porous economy has brought about a very needless measures to salary earners and with time it is insufficient to sustain an individual and his family. So your very correct salaries ain't enough, so depending on salaries for whatsoever reason is indeed a suicide mission. Funny how one would be thinking his/her salaries should be enough for their needs and this is a more reason sn individual needs to multitask and earn multiple income to get enough backup in this current country but depending on a salary is a no for me.

Salary is not enough but we have to a good judgement and address this very well because of people that may think job is not enough to make a living. Your salary is a big factor here, there are people that work there life and put their reputation in their job and their job pays them very well, the money they make is enough to help them establish a business but they don't quit instead they put their money into other investments while maintaining their job.

The place where I think salary is not enough is when you are earning less amount of money and yet you are putting alot of effort to the job like you can't do without the job and the job can't even pay your basic bills. If indeed you're earning huge amount, you may not have time to try other means of making money but you can invest your money, let your money make more money for you, however a low salary earner need to look for other means of making money.

For now, it is indeed very difficult to be able to meet all the needs we need if we only rely on the salary of the work we do and what you say is very appropriate if we only rely on the salary then whatever desires we have will be very difficult to fulfill because the income we have is only enough to be able to survive.
Choosing to learn skills that can make money is certainly very good, this will really help increase the income we have, of course, it will be able to help us in fulfilling what we want, because if we only rely on the salary we get, of course we will not be able to get what we want, it is important to be able to have a skill that we can master well so that we can have an additional income that we can can cover the shortfall of the salary we get.

Working only for the government or a company that doesn't care about if you salary is neeting up with your monthly expenses is rat race and you will end up in poverty. This is why one needs not to depend on one stream of income because the cost of commodities increases due to the passage of time.

It is not a bad idea for you to be set up a business when you are working with the extra funds that you are having from your salary at that time that your salary could afford you monthly expenses, otherwise if inflation hits the country hard, you will be badly affected.

I have a friend, two years back his salary was good and his monthly expenses was 60% of his salary, when I told him to set up a business or invest, he felt unconcerned and told me that he has more than enough and is ok with the funds coming in. Currently, his salary cannot meet up to his family needs and he is leaving on loan. He is regretting his actions because he never wanted to grow from that level he was initially and he forgot that in life, if you are not increasing your income overtime, inflation will reduce your income overtime. You need to think out of the box most time because our government does not care about whatever challenges we are facing but they care more about themselves and their da family and that is why you need to fight your way to success by yourself.

Your point is true, but what should one do if he has a good account and cannot do any other work. The real reason is that the company gives us a little salary and they take more profit in it they also lose, but they should pay according to the needs of those who work and after some time  Salaries should also be increased. Do mostly for those who have been working with them for a long time and have worked with them honestly. If the work is not completed by the company itself, where will the income come from?  If the company supports these workers, that is enough for them. The salary is so much that the boss has 20 to 25 days to spare and besides that he has to save some money. That is why they are very worried about it and think of getting rid of it to do other work and many people also have children who are still young and cannot work. Our companies should increase the salaries of these workers so that they too can happily run their own homes.

What your salary use to buy before, when the economic was well balanced and still have enough cash to spend in other projects, it will be difficult for you to buy all those things in this current economic because salary still remain the same amount it was before, and the price of things is increasing daily to cause a big hardship in some country. You better apply this dollar cost average (DCA) method on bitcoin or other potential cryptocurrencies investment to have something to boost on in the future because salary is no longer enough for people to make their wants available in the country these days.

So this is the trend, tell someone not to work for salary instead make yourself a employer which is correct but possible in the real world?

How about if they don't survive for the next month, it's not possible to make their dream come true of whatever it is.

Salary is like a cage and anyone who depends on it trapped forever that's why it's important to save a certain part of it instead of spending it entirely and if it's not enough the find a better job or multiple jobs until you have some capital then only you can start business or investment or anything that's gonna make you rich.

First of all, many seem oblivious to the fact that while for the vast majority the salary is not enough or barely enough, others can live a very good life off it. And of course, everything in between.
This being said, many cannot even save to invest.

This being said, I find very important to get time and learn. Getting better at something can get you better salary, off which maybe you can live better or even save. Of course, even this is not an option in many regions, sadly. But I see so many people waste their time and then complain their money is not enough... it's impressive, in a bad way. I start to feel rather old, I am older than ~75% of my colleagues; the salary is just/barely enough (and I painfully feel the effects of the inflation); but I still take time to learn.

For me this forum was in many cases a great safety belt: it helped me learn of Bitcoin, it was a place to relax while interacting with nice people and it provided some extra money which pays for my loan at the bank. Please don't take this as "if you don't have money, then post at Bitcointalk"; times change and a stable salary is still the norm, while the pay for posts is going down (exactly because more and more people want to post). But learning about Bitcoin is important. Learning about all you can is important. If one wastes his time and also complain he's bored and also that his money is not enough.. then he's doing it wrong.

While it's known that one can break the slavery/salary cycle only when he starts earning even while sleeping, investments are not for everybody. In many countries the wages are just too low. Still I think that learning can make a difference.


PS. If it was not clear, after learning and getting better salary, even the smallest investment in Bitcoin can at least bring hope, if done right (no FOMO, no panic, just calculated and done after learning and research). But most don't do it right.

It is not everyone who earns salary that is being underpaid or receiving peanuts for the job they do. Some salary earners are actually doing well for themselves, even better than some people with multiple streams of income. No matter how one earns money, if they do not have a good budget, no amount of money will be enough to sustain him. Having multiple streams of Income is not really easy for some people. Anyone who can create multiple streams of income for himself without much stress can go ahead to do it and still live on a good budget so as to create a financial balance for himself. Those who are earning normal income (not high or low) should also live within their means too.

Salary is never enough and that's why one should not boost of it by making it as the only income in life. It comes in one day of the month and probably finish that same day. Of the rest days of the month! What would you do to sustain? Beg or fast? Hilarious!!!         
Earn cash every day cos every day needs it drive.

I no that there are Economic crisis everywhere around the world but let's not generalize it because there are countries there monthly salary is very high for someone to depend on because they made things very affordable for the people because the only reason why it seems that most of the country salary is not enough is the increas of commodities and food items are very high that's why it looks like salary is no longer enough but there are some countries that there Prices of everything remain the same from year to year, so in a situation like that why wouldn't there salary be enough for them?, however I cannot say that focusing on one thing is the best, so even if the salary is okay there is always a need to adding up more things in support to the monthly salary.

Even though you are right, I don't think it's a choice people make but more like a compulsion. Not every person can acquire some skill and start earning money with that skill because it's not as easy as it is when we say it. Who wouldn't want to be their own boss and stop being a slave to a firm or a company for peanuts? People do that because they have no other choice, most of the time.

Some people might be too afraid of changes. They think that if they try to change things, they might lose the position they are currently in and they probably can't afford to do that. They don't have the mental capacity to be able to keep doing what they are doing while also preparing to do something of their own on the side. Hence, they keep grinding on their 9 to 5 jobs and keep pushing their lives ahead without any purpose.

Having a source of income where you work but do it independently, without having to obey orders or being on a constant payroll where you might get pay cuts or even get fired if you aren't working harder and harder after each passing day is everyone's dream, I believe.

First, we should not expect the government to come with its assistance, because we are not the only citizens. Second, do not let the government dictate the business we start, when they only care about the taxes we pay. Third, I agree with you that they only care about their own families. Therefore, thinking far ahead, even though we are in a stable financial condition is very important, because this method will save us from poverty. Use the capital we have to do business, or to invest, which in essence can generate income to support the needs of life that are increasing day by day. Keep learning, and use your free time well, we will see a number of business opportunities available around us. Many jobs with monthly salaries are not comparable to the time we exchange for them, because after all they only want profit.

Minimum wage isn't enough, but it's already a beginning. As a young worker, you should draw long term goals for your finances, while decreasing your expenses the maximum as possible on the present moment. It's not what most people want to hear, but I fear that is what people have to do in the present moment if they wish to have a more comfortable and peaceful life in the future.

Avoid wasting money on ephemeral pleasures such as alcohol, parties, drugs and sex. Use your salary to start new investments, including investments on your education and professional career. So futurely you can have access to better paying jobs, instead of sticking yourself to the current job which doesn't pay enough to fulfill your financial expectations.

Moreover, don't wait for the help of third parties, such as governments in order to improve your financial life. Keep in mind you rely only in yourself to make it work!

With situation of the economy, I don't think there's a middle class citizens that is currently satisfying all their personal and family needs with just their salaries. Are you insinuating that because of that, they are all slaves to their job? Salaries is paid according to the required minimum wage and also base on the job given. You don't have to blame your job because the salarie is not enough to foot all your bills, blam the economy. When things was all good and their was a balance between salary paid and the level of inflation, no body was complaining but now the economy situation is so harsh now. So, you need to blam it on the economy.

In a difficult economy like this for those who already have a stable job it is best just to hold it tight no matter how small the salary maybe because developing a new business is not easy when the economy is facing a serious challenge. Things maybe very expensive but it is better one already has something that is generating income by the end of the day.

Hardship should be a good reason people take their job very serious Because if they lose it, it wil even be more terrible. You dint have any other choice than to work, it is better than not having anything at all. If you thunk workers salary is not enough,  talk about people who don't even have a job or those who just lose their job. Having a job that is bringing income no matter how small is a privilege,  it is left for one to look for something else to add to it to keep on moving with life.

I guess salary issue is the new trending topic anyways low salary earners go through a lot mostly in underdeveloped countries. For those who are talented should not depend on monthly salary all the time, it’s either people in such situation learn a skill meaningful and add value. Waiting can cause hardship like trying to survive when the economy is bad with zero improvement, inflation. I don’t see what’s so special about salary earning job except the pay is worth the stress, self improvement is needed in terms of creating a business since productivity is a perfect solution, we’ve discussed similar issue advising we all learn a good skill for financial support.

When you acquire a skill, you still undergo a contract where you will follow the desired needs of your client.  And when a person don't have enough influence or fame to put high price for his work, then he is obliged to agree with what the employer wants may it be the amount of payment or the project needed to be done.  Whether we are in an organization or self-employed, a freelancer or a businessman, it does not change anything.  We are all slaves to our needs.

There is no problem if you only have one source of income as long as the pay is decent and high for survival. And for those people that are in that situation that works for a high paying salary, you need to start investing as well and create another source of income from that money that they receive as salaries. While the normies, it's true that working for a company won't get them far because it's just bare enough for survival and bills.

Well, we're all slaves of our own thoughts and working for a company is indeed slavery but what people can do with that if the opportunities are limited? That's why working with another cash flow is the next thing that everyone can do. If one wants to get out of the rat race, needs to find another opportunity that they can work on as a side hustle until it becomes stable and able to par with the salary or even more for doing full time. The hustle culture nowadays is indeed a life saver and everyone is getting into it, having 2 or three or more side hustles.

With the existence of a job, you need to be grateful for all the work you get, by working harder, and you need to look at other people who don't have a job, and there's no need to compare income issues with people who have higher incomes than you, the most important thing is that can survive for now.

If the concept of life only relies on opportunities for survival, then this kind of discussion is not needed. Surviving by relying on a small income is also possible and maybe we should look for a place to live in the countryside to be able to keep up. But the problem is we are discussing how people can increase their income and maybe there needs to be a strategy for this problem. If our salary is small, it will be difficult to get a better life, especially those who live in urban areas because the need to buy is getting bigger, the problem of children's school fees, health costs and other needs.

At this stage we need to increase our income so that financial stability is better and the method can be seen according to each person's abilities. When other people can do something, why do we limit ourselves from doing it, now the opportunity in crypto is very big and if you want to get better financial freedom, set aside a little money to invest in bitcoin and I am sure that slowly our assets will increase if they are consistently invested.

Working in some companies in mostly developing nations is indeed slavery. In some of these organizations, workers go to work by 7 am and work till 8 pm, and at the end of the month, they are paid very low salaries. The reason for this kind of exploitation is lack of jobs, low implementation of wage policies and corruption.

Employers usually tell them that they can leave the job if they like and most of them don't have any options than to continue working because many unemployed people are willing to replace them. These workers don't have any opportunity to seek for other sources of revenue, so they keep running the rat race.

https://static.wixstatic.com/media/31eae8_67b115a688464415bd54124f911484ac~mv2.png/v1/fill/w_568,h_568,al_c,q_85,usm_0.66_1.00_0.01,enc_auto/31eae8_67b115a688464415bd54124f911484ac~mv2.png
https://www.themotorsportmba.com/post/the-rat-race

There is no doubt that one cannot only depend on a salary unless they have a very high-paying job which pays them more money than they need for their monthly expenses and that isn't possible for an average person. The economy of the world is so bad that almost every country is a victim of high inflation which has made life miserable for average people within a population because they can't earn enough to even feed their family for a whole month.

Imagine working full-time and still having to borrow money for expenses because your salary doesn't cover everything, and then being worried about how you are going to repay the borrowed money because the same thing is going to happen each month. It's a constant tension for most people.

The only solution to this is for people to try and have multiple sources of income, or have an income that should cover all their expenses so that they can live their lives with peace without any stress.

Exactly, the no job, the poor wage policy by government and the corruption rate is just high and it's alarming. Then another thing is people's mindset, when employers tell employees if they want to leave, they should leave, and they just get scared and stay forever, it's bad. It's okay to stay in a company for a while, but when you know they are not paying you enough, start building something by the side. There are tech skills to learn, you can look for your way out. You can even start airdrops, you don't know what might come out of it.

You could just start any form of little investment while you are in your full-time job, just build something by the side. To me, it's not okay to let the situation surrounding you keep you down. It's not okay to let the poor government keep you in the rat race, like, it's really terrible. And like you said, the moment you leave a job, there are ten more people to replace you, but it doesn't have to keep you in modern slavery. As an individual, you can always build yourself and get the freedom you want. Not everybody will be a founder or own a business, but if you have skills like graphics design, you freelance and earn from it with time. You could build up whatever side hustle you like, even if it's buying and selling.

Just  something because it's really alarming, salaries are not enough, and that's fact. Cost of transportation, cost of feeding, everything is on the high side with little or no salary agreement. So we can't continue to go on like this. The earlier an individual sits down and draws out the financial map, the better. Because from the look of things, it's only going to get worse, which we don't pray for, but we have to really draw out a financial road map to help help us succeed. I believe there is a better opportunity if one takes the bold step to seek it, I believe.

Agreed, modern day slavery is your salary that your boss pays you because your boss pays you to forget about your dreams and ambitions to come work for him while he makes all the money and you get paid a wage that can't pay your bills monthly. To survive you need more than one jobs and this tears your apart and you got no time for leisure anymore hence you work everyday and achieve nothing at the end of the day. If you want to live free, you need to become an investors. It isn't compulsory to quit your job to be an investor but on the sideline, become an investors that buys into Bitcoin and real estate. Salary will only put you on a minimum income monthly but investing and starting your own business is going to make you to become a financial independent individual and you won't have to work for anybody anymore, that's when you can decide to quit and go tour the world through travel to experience other cultures.

Well, that's the reality. The more someone's salary, usually the higher their standard of living. That's why many people create side businesses that can add to their income. In fact, many create more than 1 business for that. In addition, depending on 1 source of income is not healthy. There are wise people who say that when you only have 1 source of income, then when you lose it, everything will be destroyed. So, it's a good idea when we already have income, then set aside some for investment. Actually, there is one way to make the salary sufficient for the needs, which is by lowering the standard of living. However, this is very difficult to do, because basically, the higher the income, the higher the standard of living.

The world's economy has seen its share of some pretty rough times, and with that, inflation and poor wage changes in employment have made most start to squirm. With the latest reports, though, it is now that inflation has somewhat eased in 2024, while consumer spending still holds the key, whereas job growth slackened. It simply means a regular income is of primary importance at least from the point of view of salary, so that one may deal with these economic uncertainties.

Self-sufficiency can have its own kind of risks. Starting one's own business or freelancing does sound nice but might include other kinds of challenges such as 'uneven' income and no benefits. It might be wiser, with the economy showing its signs of stabilization in certain sectors, to mix in a few jobs that are stable with side hustles or skill-building rather than giving up salaries altogether. It's all about balance, considering we are not out of the woods economically just yet.

This is the fact in the field, whether we have worked in government or private institutions, the amount of salary paid has been standardized depending on the position, meaning that the determination of salary or bonus received at the beginning of the month or the end of the year has been locked. Indeed, it is seen and felt as not enough anymore at the present time where with the amount of salary for all activities it is required to be sufficient.

Another solution is that there must be independent efforts made, whether we have worked in government or private institutions in increasing income so that monthly expenses are helped. I think, if there is a will there is a way if you keep complaining you will always be in debt every month.

No and no OP. Your worldview that the modern world wants to subjugate more people and at the same time pay less is not entirely correct. Each person always has a choice of whom to be and where to work. This knowledge should be imparted by parents, but unfortunately, not everyone knows or wants to do this. 
Sometimes young people become desperate because their place of work and their earnings do not allow them to live a normal life. But if they had more knowledge, then their demand would be greater, which means they could apply for better earnings. All you need is the understanding that if something goes wrong for you, it needs to be changed, and not be afraid to leave your comfort zone; master what, by your standards, should bring the best earnings. 
In addition, investments with a diversified portfolio and regular education will be a motivator for success. Never conclude that you already know everything; such thinking is a brake on progress.

I have heard motivational speakers telling people to just take a bold step and leave their jobs. You can leave your job by faith and get a job; someone else can spend years without a job. You should have a solid plan B before leaving, especially for those who have dependents. Resigning from your job should be planned and not impromptu.

You could learn an online skill and seek means to diversify your income. To get out of the rat race, you should be willing to take risks and sacrifice. I have plans to retire early and enjoy my freedom so getting out of this race is my priority.

the need to have a decent income, from additional income it is very important to support your life better, do not rely on your basic salary, by trying your best it will all come true, by looking for a decent job that suits your skills and leaving a job that doesn't feel right for you is much better.

If you're current salary isn't enough, you have 2 options. You either leave the job that you're doing and find another one that pays you higher, or like what you said, learn a skill that will help you earn more in this current situation. I agree with what you said that acquiring a skill will help you earn more. It also comes to a point where I realized that having one skill isn't enough because of how inflation is right now. It affects all the prices of commodities that even our monthly salary isn't enough to cover our monthly expenses. Kind of sad, but that's how the world is right now, and if you don't know how to make adjustments in life, you will end up poor for the rest of your life.

A few years ago, a single source of income is still possible ONLY if you're living on a province, you have a backyard where there's vegetables where you can just get, and you're only living on a house of 3 people. Now, even that isn't possible at all because of how inflation is eating our money.

In general, having only one source of income = disaster for the whole family. I'm living on a province currently, and I realized that having only one source of income isn't enough for us even though we don't have any loans currently. If possible, having at least 2 sources of funds is a must if you want to have some money that can be allotted for investment purposes or at least for emergency funds because what I believe is that one source of income = the total expenses for the month. No emergency funds, no savings, no investment. This isn't the case for all, but most are.

I agree that sometimes one monthly salary is not enough to cover all the expenses, but this isnt a global problem and this problem exist not for every profession. If we put aside poor countries and people who really earn little, and pay attention to an average employee with average salary, then it sometimes is advisable to reconsider expenses and have at least a program where you can write down everything you spend money on. After several months of doing it, often a solution to an extra and not necesseary source of expenses can be found. As things we spend money or, are not always so needed.

It's a sad truth that many has to accept but that can be considered as a stepping stone and each of us won't stay being a slave forever. There isn't a lot of opportunities that's why the employers that has the intention to exploit will really exploit their employees.

That's gaslighting. They know that opportunities isn't much for most employees and they are telling them that they should be grateful or they're free to go away and find another one when there's a lack of it. Everyone has their own time, if someone stays, for sure that there's a back up and exit plan when.

This is why it is important to upskill and acquire more assets while we're earning decently or save and invest. Find more hustles and jobs that can be worked partime.

At present people's daily needs are increasing along with the cost of daily products is very high but the salary of an employee is not increasing at that rate so the salary is not enough to meet the demand. If there is another source of income besides the job the problems can be solved easily. If there is a lot of free time during the scheduled time of the organization then other work should be done with the permission of the organization. If they allow then additional income can be earned which will be very helpful for the family and can easily meet the daily needs.

It actually depends on how you see it. Working is not slavery. Everybody cannot be a business owner. Even if you have a skill, you'll still have to work for somebody. You see working for someone or company as slavery but I see it as selling your services. I'm whatever thing you do in this life, you have to sell something to make money. It could be your product, services, or idea. A slave doesn't get paid for his work.
What you can complain about is having small pay. When the pay and work environment is not good, then it's understandable, but when you're being paid for your services,

People think owing a business makes you free, but I think it's contrary to that. Owning a business makes you work even harder and that makes you a bigger slave to your business.  You work harder for your business than you will work for someone else's.

Artificial intelligence is been integrated into diverse sectors. Some organizations prefer to employ people who can use AI tools to perform several tasks. It is faster and cheaper for the company. Setting out time to learn how to develop or use an AI progress might give one an edge in the labour market.

It has also been reported that Artificial intelligence is replacing humans in some areas. Many more people might lose their jobs due to this new tech technology.  Maybe one might consider diversifying to some areas where it will be difficult for AI to replace workers. World Economic Forum identified some of these areas in this blog: These are the jobs that AI can’t replace (https://www.weforum.org/agenda/2023/05/jobs-ai-cant-replace/)

Time and energy is a factor that determines if a person would be able to multitask on different jobs. Generally, it's strength consuming handling an enterprise while working for another company. Additionally, scaling a business is not simple, unless a VA is employed to help with marketing the products, the person's productivity in his main job may be affected. However, it's better to venture into affiliate marketing, and invest money on ads, such that while doing our job, we could come back home to see a few bucks we didn't put a lot of efforts on, also, scaling would be easier for such a business.

Relying only on a salary can feel limiting especially since wages don't keep up with the rise of living costs. Focusing on being self-reliant and learning skills to make money outside of your long-term job is a good idea but not everyone can easily transition to self-employment. Balancing job security with other income options is important too.

If your current position is not at the top, or just an ordinary employee especially in the third world, the salary will indeed not be enough to make ends meet, where the high inflation rate and slow economic turnover and government policies on minimum wages do not match the cost of the average citizen will make it even more difficult for you to survive and there is nothing you can save.

Side jobs are very important in this situation, and indeed AI technology is the biggest threat, because it will cut many jobs by default, companies will take low costs for their labor operations to increase their profits, having the ability to use AI will be the workers needed in the future, skills in this ability are likely to be needed, diversifying in jobs that cannot be replaced by AI is a good step but as AI grows it can be threatened too, you must remember that technological development is very fast.

In my opinion there are some countries which have strong economies and average salaries that allow workers to afford good food and take vacations with their families ( decent life), other countries struggle significantly to afford the minimum. In some places where an entire month's salary can vanish within the first week, mainly because of food expenses. The world is not equal or fair for everyone, it largely depends on where you are born.
I believe that becoming rich or staying poor is not a choice for all of us, as no one enjoys poverty or willingly chooses to not be wealthy. However, in some countries salary increases allowing people to invest and build wealth over time, while in others salaries are consistently reduced while the prices of goods and food continue to rise.

In our region, for example the average worker's salary is less than $300, while the prices of goods and food are nearly on first world countries. As a result, the average income can barely cover even one kilogram of red meat.
For many of us here, the solutions are either to work multiple jobs and live on the bare minimum or to consider immigration as a better choice.

Well spoken, because is only those that work within some of the countries that is still trying to develop that always find it difficult to sustain themselves through salaries because even as the cost of living is very high the companies does not give a listening ear to that in terms of increasing there monthly salaries and employees are scared of talking because they can easily terminate his contract because there are even thousands of people who are even wishing to have that job, meanwhile for those developed countries employees are treated equally and they are paid hourly and the total hours they will spend on there daily work is 8 hours unless you decide to work more than that.

You can’t blame the people going to work for companies that can’t provide in even equality to their basics needs. They need to show some empathy for the people, I mean the government should be held responsible for all this. For a common man, he’s just looking for a means to get a source to satisfy him and the family, they don’t mind feeding from hand to mouth.

The poor situation many poor countries are facing is as a result of the poor government inventories to help provide enough for the common citizens. When an individual with enough resources tend to find a way to provide for them, they chose to do it their own way and they’re not to be blamed in such circumstances. In a working economy, the government just need to put the rules down and all private sectors will abide and go with the rules of the government enact on them and the operations of their businesses.

Why did you think working for an organisation that can't give you enough money to meet up with what you need was a waste of time or being a slave to that organization? I don’t really know your reason, but regardless of the reason you may have about this, I don’t think it’s considerable to me. Many you see working in an organisation do it because they don’t have any other means of earning money to feed their family and other things that will make life better for them.

If you are in a country where getting a government job is one of the most difficult things you will experience after graduating from high school, I think if you see an offer for an organisation, you will collect it. Even if you have your handwork, only one job can not make things better for you, especially the way inflation has affected everything now, so you can’t blame someone for working in a low-paid industry; it’s not a choice, and many of them don’t have any other thing to do. 

Actually, the problem is not that salaries are no longer enough, but that the daily time remaining from work is not enough and does not allow for additional activities to diversify sources of income. There are those who have succeeded in finding a freelance job on the web, and they are a small percentage of the total approved workforce, but this indicates that employee options remain limited. There are some exceptions in sectors that provide comfortable and prestigious jobs, which allows employees to invest their time and talents well to earn more income, so that they do not rely on the salary as the only source of income. Other employees marry a partner who has a job with a fixed salary to help cover expenses. Others enter into partnerships without resorting to marriage.

There is a difference between the rate of increase in the prices of goods that will meet our needs and the rate of increase in salaries. The cost of needs is increasing and the income obtained cannot keep up with this increase. It is not easy to obtain another source of income, but those who can do it can solve many of their problems.

I agree with what you said about time because some jobs take a lot of time and it becomes difficult to find the time needed to find additional income. There are many jobs that provide additional income, but it is necessary to have the ability and knowledge to do these jobs. Not every job is the same and the time spent doing each job is not the same, so those who have time for additional income should evaluate these advantages.

Is there something we can do? None.. Right? On the moment that we would finishing up college, then the main or first thing that we do have in mind on getting some job and would really be that trying out to have salary whether you would be already starting on planning on saving up for marriage or you would really be minding up on saving on buying those things that you do want since you are still single?. Theer's no way that we could be able to disrupt if we do speak about the cycle of life of a human being.It might really that sound that not appealing but there's no way that you wont considering on finding a job. If you do make out some in depth realizations theni we could really be able to say that this is how reality works. You would really be needing up to survive and there's no way that you would really be neglecting out on how to deal up with life.

If you wont work then you wont survive, if you would really be having plans on trying out to achieve something more then you would really be needing to enhance some skills or learn up on which
you do know that it could bring out that potential that you might be earning more. It would really be just that like. It will really be just that basing up into someones personal approach and goals
of a certain individual because each person does have their own thinking and considerations on how to deal up with things or situations.

In the modern world we need to constantly be evolving and adapting to the current environment. The job market is increasingly destabilized compared to previous decades, which had longer term and fairly well defined careers. Of course some of those still exist, like skilled trades people, police or teachers to name a few - but in the private sector there is a lot more variety. Lots of jobs are also getting squeezed by competition, so the leadership pushes from the top down trying to make people work harder while cutting back staffing levels. Take a look at the supermarket Aldi for example, where a worker might be expected to do all jobs when "traditional" supermarket workers would tend to stick to one area.

Before existence of online business people who is salary earners has been surviving with salary, even the business we do, I believe that we do sustain ourselves through small scale business, so what I'm saying, is that someone can depend on monthly depends the amount you are been paid in your place of work, secondly, your expense will been determined base on your income, consumption of feedings and your economic management ability, I have seen people who doesn't have any business to support their monthly earn, but they still survive.

Salary being enough is dependent on the country involved, If the minimum wage of the country is feasible, then the salary earners don't have a problem. They can make ends meet with their already good salary structure. The problem arises from underdeveloped countries where salaries are not able to carry earners until their next salary pay, thereby leading them to seeking loans to be able to meet up with their living.

Loans and other financial institutions exploit these salary earners, leaving them with nothing for the months, and they have no other means of relieving themselves of such bondage. That alone validates the fact that salary earners should look out for other sources of income to complement their meager salaries.

Those workers with good working conditions and good salary structure can engage in other sources of income for diversification and not just for mere survival

According to this conclusion, do you suggest everyone to leave their job in any organization? You should understand that not everybody can have the same perspective, some of them have a dream to work in an organization since they are child, specifically in government organization. If you have reached a certain position on the organization, the salary is also quite interesting. People work in an organization don't only not receive basic salary, but also other additional salary.

We also must realize that some people can't work independently due to their limitations (ability, knowledge, or skills). We have different educational background, we can't generalize the condition of all people. In some cases, there are people who can't work more than 1 job, they only can focus on a single job.

This is the thing in most developing nations. Their salaries at minimum can't even afford to pay rent, so they move to other countries where the quality of life even being a minimum wage is decent in developed nations. And as they live there, working as a minimum wager will still allow them to enjoy eating out, and travelling to the best places and beaches there. Because it will only take you a few hours or days of work for the expenditures of it. Even for the groceries, you'll have to take a day or several hours of work to get a week of supply. Compared to the developing nations, your entire week's salary is just for the bill and groceries and no more enjoyment.

Currently, the prices of goods are increasing in such a way that it becomes very tough to support the family with the salary received at the end of the month. Especially children's schooling, current bills, grocery bills, water bills, hand expenses, all in all there is nothing left at the end of the month. Currently, it is becoming very very tough for those who are working in the firm to support their families by making a living.

Well for some people like the rich they only do need to have a big salary. And they can live their life however they want to and not worry about their money.
But for the rest of the most people in this world they can live off salary if you are careful with spending. But now the economy does make it worse for people like us who are not rich and we must get by just not spending alot.

If he can have a good salary and difficult to do other work, he doesn't have to do that while he can focus with his work. If he can
give great achievement to the company, he will get promotion to have a better position in that company.That will also impact to his salary that will be bigger.

When the company can make a bigger profit, they should give bonus to their employee because with them, company can not achieve their goals. Many companies don't think much about this and just ask their employee to work hard and forget them when company make a big profit.

Yes, company must increase the salaries of their workers so they will satisfy working on that company and will loyal. After all, if all workers in that company can works best and achieve all of their goals, all people will also get their achievement. This need to be concern for the company to their workers.

It is right because that is what happen in many places. Workers needs to work hard and smart and search for the other opportunities to earn more money. If they realize the situation, they will not just rely on their salaries instead will trying to get additional works that can give them money. It is normal to see someone have two or three job at the same time because he needs to have money to fills his family's daily needs. If company realize about their workers needs money, they should increase their salaries so their workers can fills their needs without a problem.

It's really true, bro, currently we are being hit by very drastic economic changes, where goods and basic daily necessities are all increasing drastically, with a sufficient salary that cannot support our daily needs from our monthly salary, in the end there will be debt. to meet our daily needs, where now everything is expensive, with a meager salary that cannot cover our daily needs, so we have to think more sharply about generating additional income to cover the shortfall in our meager salary.

You call the age of 40-50 the age when people prepare for retirement? Maybe you are right, and I do not know all the politics in your country, but 40 years and a little higher is the age of people who are rich in life experience, which means they soberly assess their abilities, which can bring them even more opportunities. The same freelancing that you write about is just an additional income for people who are no longer in a hurry to live, if compared with the energy of youth. These people in my country change professions and study very diligently since they know how to distribute their day wisely, appreciate time, and understand its transience.

The retirement stage or age in civil servant job in my country is 60-65 years, let say as civil servant s/he got employed at age 25 or 35, the expected years to be on service is 30 years. So if someone is 20 years and got employment into government that person is expected to work for about 40 additional years meaning 40+20 is = 60 years to their retirement. Then if someone got employed at 30 then will retire at 70, this depends on how old or weak they are if they can't actually strong anymore to do their task, and again some adjustments has been made from past few years where max is 65-70 years depending on the age of employment.

Of course your are very correct because most of those people who are 40 years has gained lot of experience and are mostly needed  in construction companies since most of the company requires about 10-15 years of working experience. Like you said it entirely depends on the control of governance policies. I don't know if that is applicable in the western world where you are.

Retirement in the Civil service is calculated based on age and year of service. The service year might be 40 and the retirement age 60. You have to retire if anyone comes first. If you were 20 years old when you were employed you will retire based on service year (60). But if you were 30 years when you were employed you will not work to complete your service year since you will be retired based on age. You will have to put in just 30 years since you will get to the age of retirement. Allowing you to put in 40years will make you work till you get to 70years which contradicts the statutory retirement age. Usually, workers in the educational sector have higher service years since their work requires more mental energy than physical.   

What've realised on this forum is that people often judge their countries' economic status with other countries but that can't be the true reflection of the story. That is where the division in economies comes from, the salary will be a whole lot enough in many countries of the world, yours is to secure a good job and plan your finances well. But in other countries, especially the poor countries where the government is corrupt and inflation is incurable, then you need more than your salary but continue to look for good sources of income.

This is the situation in my country, even if you have a good job now, it might not be enough. But if your country is good, a good salary will be able to sort for all you need during the time of active service and there will always be a retirement plan for employees in such countries. Still, I advise people with such privilege to also invest in physical and online properties to further zeal the financial freedom.

What I notice now... Salaries do not increase but the price of basic necessities continues to soar, so those who feel that their salaries are mediocre will feel very limited, especially having to save with the little money they receive in their monthly salaries.

Sometimes we easily say to advance in business / entrepreneurship even this is not easy, not everyone can do it even though they have improved skills.

But one wants to get out of this bad zone then they must be able to desperately look for other opportunities as a source of income even though this is not easy ... However, if you have the skills then it will be an easy way to get it.

You have several plots of land to cultivate, that is the best solution nowadays to survive, the global economy in all countries is deteriorating, The salary is only enough to pay monthly expenses, at least by cultivating crops such as wheat/rice and vegetables, it is very helpful to survive in the current conditions.

Nowadays many businesses go bankrupt, many of my friends who start new businesses only last one year, the main reason is that society's economy is unstable so it is difficult to develop, If you have your daily needs speeded up, it's better to save your economy in everyday life, Plus, if you have some livestock such as sheep, cows and so on, your economy can be saved.

I don't think that you have to go that far to ensure your future financial stability. The OP started talking about wasting your ability working for others without worrying about what might happen. It is much easier to stay curious and continue training in something that you are passionate about and that can open doors for you in the future than all the effort it takes to cultivate your own land or take care of a flock.

I understand that this may be what most easily comes to mind: trying to be self-sufficient, a kind of small personal or family self-sufficiency. But we are social beings who, for better or worse, live in society, and there are many different ways to ensure that we will continue to be useful in the future even if our current jobs fail, but you have to be ahead of trends and not fall victim to them.

Of course, in an era as expensive as today, relying on one salary alone is not enough to meet all daily needs, especially if you want to set aside some money for investment, of course one salary will not be able to do it.

Therefore, it is very important to increase your sources of income, especially in today's era, finding additional income is very easy on the internet. Like a one-legged table, when one of the legs breaks, everything will collapse. However, with a four-legged table, when one breaks, the table can still be used.

work is not slavery, because the work system in all places is like that, we must have responsibility and discipline. Because in reality, what is called slavery is those who work under pressure and even without wages. So the concept of work and slavery are different things.

Low salary is not enough, but high enough salary would be enough, that would be the good thing, we should be trying to get higher salary jobs so that we would live a better life. Yes, it is true that minimum wage doesn't support anything anymore, I have seen a house where six friends live together all on minimum wage, it was a youtube video, and they talked about how they fixed their financial issues by getting together, and they were saving more than ever, like it was a good living condition.

But in reality, living six people together, when you are not even family, is not ideal and people shouldn't be forced into such conditions to have better financial life. I believe that the way out would be making good money which I am trying to do, I am not making a ton of money by any means, but I make enough that I am comfortable, yes I have debts and I have troubles and I am trying to climb back up from all these but at least I do not make very little, so I can survive with this salary for now.

Salary is not enough yes because of the high cost of living and it has been influenced by different factors like individual obligations,rent,bills, health care, transportation student loan, family responsibilities, increase in food prices, lifestyle choices all these leading to a situation where salary can not cover the basic needs and expectations.

When the salary is too low it leads a person to frustration,

If you think or know that your salary is not enough the best thing to do is to apply for a skill that will enhance your finances or explore budgeting strategies to manage your income and expenses effectively
An additional source of income like having a side hustle,it can be a great way also to supplement and improve ones financial situation,it allows you to earn extra money outside your salary paid job.there are so much of side hustle just key into one you can create time for and have passion for.

Actually it would really be that enough if the salary is really that making up some increases too. If you do really tend to make out some observation is that inflation year by year comes worst on which everything is really that on the rise on which starting from goods,necessities until to services being offered or simply everything is really that becoming expensive. The issue on here is that basic salary pay whether government or private sectors doesnt really that mind too much about having some salary increase and thats why it would really be that fallen behind on this aspect and that what makes it be able to hard to catch up. If you are an individual
whose really that only relying with your single job paycheck month by month, then you would really be ending up on falling short with your budget.

So? Using up your own common sense will really be that something recommended on which if you do find yourself on a tough situation because of having not enough money, then this is the time or moment that you should consider on taking up such another possible step to make on which you should really be needing to have another job or side hustle on which you could really be able to earn more. Trying out to make involved
with business or investment on which it could potentially that boomed up and will be resulting into that having a good source of side income too. It doesnt matter on what it is, as long you could be able to
earn then this what surely counts.

There are people who are blessed with high or enough salary. For those who aren't, maybe they can budget it evenly and decrease the quality of their living only for their salary to fit for it. That is only the solution there because sometimes the problem is only on us and not our salary as you know humans are a greedy kind of creatures and they always want more.

We can also follow your advice there of finding extra sources of income if we think it is heavy for us to downgrade our lifestyle. Salary is more stable than any other forms of incomes out there, so it is actually dependable. Salary in a job usually pays every 15th and 30th of the month and investments pays off longer than that, so we will be needing to rely in the money of our pockets if we are a daily spender.

Exactly, The upcoming days are more difficult. Myself really passing hard time, I can't survive what o get from my job. The money is stuck by the rich people. We are modern slave what they think always. On the other hand every product price become increased. But our salary isn’t increasing like this. That's why we are facing the problem. I am really depressed on this system and also stuck with that. I am not getting any opportunity to move from here. So really upset what can i do and what i will do.

There are so many challenges that we face in life today by relying on a small salary our lives will be much more difficult. Workers' salaries are always stagnant and never increase in accordance with the price of goods that continue to soar so that at this stage it makes it increasingly difficult for people to keep up with expenses. Workers are made as if they were slaves to make money for the rich, but they never think about how to humanize workers to be in a much better life.

That's why I prefer to open my own business even though the scope is still small because of the freedom to determine the direction. Usually when starting our own business we are more comfortable working and we are also more serious about achieving the ability to earn more money. If we do not dare to get out of other people's work systems, then we will always be their slaves in working.

Even just simply trying out to make that paycheck will really be that enough or something that needs up to be budget or would be that having that kind of division in terms of the expenses and other things
that you do really need up to pay specially on monthly basis. This is where you would be needing up that kind of allocation on basing up on how much you do able to earn. Just like on what everyone is really that trying out to elaborate on here is that economic situations becomes that messy as years passing by. You might be able to see your salary is enough on the past but as the years passing by then it will really be that decreasing out its purchasing power on which its normal. As an individual then it will really be just that a normal approach or actions to take is on how you would really be making your income having do more.
When you are on shortage or struggling on budgeting with your salary then its part of human being common sense and awanress or instinct about on tending to get or look for another job.
We would really be wanting on living a life on which we know that you wont really be able to struggle in the means on buying up food on day to day basis.

What skill is there to be acquired? Judging from your profile name it seems you are from Nigeria, there are many people in Nigeria that aren't into learning anything new, they want something that pays instantly and that's it.

The majority of Nigerians are now into Crypto airdrops, I mean millions of them, and they are in for farming, making things very difficult for others, I said this because it is the nature of Nigerians to venture into same things as others, it is rare to see them learning new skills, they will prefer to do what others are doing, I said all this because it is what I am experiencing right now.

Every single people I know are farming airdrop, why won't hamster kombat pay them $0.50? There are too many, an allocation won't be increased just because loads of people are joining, a million of people on a 100k USD allocation is a peanut in the end.

Do you think people are not also learning skills despite that you have observed that they are farming airdrops? I will not disagree with you that q lot of people have ventured into farming of airdrops because of the recent hype and all but I can bet you that most people in Nigeria aren't lazy, there are so many youths with good skills out there waiting for the opportunity to showcase their talents but what has the government done to keep them busy nothing.

What about the number of graduates that are out there looking for job opportunities but the government is not doing anything meaningful to reduce the unemployment rate in the country and you expect people to be going about getting more skills when there is hunger as a result of high rate of inflation in the country may be you should ask the government to create jobs so thqt people will be busy and not have the time to start looking for easy ways.

I totally agree.

I view each income as an investment that you make but instead of investing money into it, you are investing your time (which is infinitely more valuable). So having only one investment is a bad idea. You know what they say: Don't put all your eggs into one basket.

I've heard people say something like this "If you are born poor it's not your fault because we don't determine where we will be born, but if you die poor it's your fault. Actually, in an era that is very expensive with little income, let alone not daring to leave other people's jobs or not daring to get out of our comfort zone, then we will always be like that and will not develop.

Each of us must be open-minded so that you understand many things, realize that at your age now, don't waste it, realize that this is the beginning of your progress to become a more productive person in the future so that you can change your life in the future.

Starting a business even with a small scope is one way to get out of life's difficulties and get out of other people's work systems so that we can create our own independence. Don't always feel like a loser every day, because this world is not free from tests, there are successes and failures alternately. We still have to be more productive and creative in today's era so that we can achieve financial freedom. Because if you rely on just one income, especially with a small income, it will be difficult to live in an era where you have to use money.

Sorry I want to ask you, are you employed or you have a business you do own your own to make this conclusion. There are some professions that is paying some people and the money they make, even if they are to set business for their self, they wouldn't be able to do that because of the money they are making from their jobs, that's why I ask if you have a Job or perhaps a business so we don't mislead people that are doing well in their respective jobs.

If you work in the place where labour is been valued, you will be paid based on the time spent on your job and that's okay, you don't have to over work yourselve. Even if they do, you will be paid for extra time you work for them, so I think it's okay to say that job is enough but then depend on what you earn for a living so you don't take words and swallow it without understanding your own place.

Right. When people will try unique,they will be best in something and they will be not depend on anybody. Every person of the universe is want to earn more more but he wants to earn money safely and that's why they choose to to the job and when you do the job ,you learn many things and after learning,you make team and you can start your own business. I am not against to the job but one should invest money if he has money because in future all items will be more expensive than today Crpto has bright future and one should join airdrops and bounties because new comer can learn many things from btc talk because that is the best platform of the world where new comers can learn anything.

A low salary is not enough but a high salary is also not enough. What we need is to have several income streams. Depending on what salary won't help us to be wealthy. And the reason is that our responsibilities tend to increase as we grow in life. We will have needs and want to increase every day and by day. And even if our salary increases our expenses or necessities will be greater than salary. Now one thing I know full well about salary is that it doesn't increase especially. If one is working in an industry where the salary does not increase exponentially then it will be a big problem with time. As inflation occurs, we don't need to rely on salaries but rather on possible income. These possible incomes might come from our investments, business or skill. But its better than we are in the supply chain so that if inflation keep increasing we will increase our prices too.

While I might agree to the concept you’re postulating in your comment, I must say the word slavery doesn’t apply here. Change the word and you would make more sense of your comment. I’m recent times, we have people who work hard and those who work smart. One helps you to archive your goal with ease and faster while the other might take a great deal of work. It doesn’t make you a slave but, you willingly having to participate in the labor market to be able to fend for yourself and those to whom you’re responsible for.
You ain’t a slave to willful participation in the labor market, your just another laborer, laboring to earn a living.

Yes, I think we can't lie to the fact that our expenses are much greater than our income, and of course most people also experience the same situation which means they won't care about whatever you experience, meaning that only we ourselves have to change everything in various ways that we think are effective to improve the financial situation, but that doesn't mean you also have to quit your main job, but you have to add another place to be used as another source of income.

This means that improving skills or knowledge is something that must be done, because that way you will have a greater chance of getting income from other types of work or opening your own business in any field that you think is effective to help overcome financial problems in your life in addition to the main job you have, many people have done that

Salary is never (and will never) be enough for anyone; no matter how much one is paid at the end of the month. This is why people steal at their places of work, especially in third world countries; so as to meet up their expenses. In advanced or developed countries, the situation isn't same as people can do double or triple jobs. In Africa or underdeveloped countries, it's not so.

There's that urgent need for every breadwinner to have more than one sources of income. It doesn't matter how secured one thinks one's job is or what salary one gets paid. Get a side hustle. It pays.

Yes, it is not enough if you are doing minimum wage jobs. it is going to be really difficult to survive with minimum wage at this current economic condition. I have even seen people working two shifts a day, yet they struggle paying for the bills. More difficult if you are a single person. But yeah, don't just stick to minimum wage jobs. Try to gain some skills that are much needed in the industries. Lets me honest. People that work minimum wage for the rest of their lives are the ones that don't give any effort to up their skills and bring changes on their lives. Learn something new, try hard and you will eventually land a good paying job!

           - There are so many reason on this. we need to weigh every corner.

It will always depend on your conutry of origin plus the academic you attain and the job you have.
being an Attorney will not be enough? or an active and busy doctor?  this jobs can give me a good income and bright future.

If you are from a rich country (first world). where some of them has a high salary even on basic jobs and has a low cost of living.

But if you are living in a country where poor become poorer and rich become richer. And you dont have enough Education attainment to get a good job then it is.
But again! BUT! Digitalization of the world is really good for us. We can do side hustle online by joining campaigns here in cryptocurrency.
also, theres alot of virtual assistance job effer now online.

Just a little advice. be good on waht you are doing. do it hard and once you are good at it! DO IT SMART!

True, everyone can change jobs if they want, I am inclined to think that there are different types of jobs, there is work to get the necessary experience, and more often than not, our earnings in such jobs can be low, and there is work when you will work as a specialist with experience, where you can occupy a good position in the team and get a fairly high salary. And you need to make it a rule for yourself not to go to work that you do not like, no one can force us to do this in the civilized world.

I am totally in support of this thread, due to the global crisis and economy downturns of senseless wars it has affected many countries. Salary alone doesn't guarantee financial security at the moment the high cost of commodities and item in recent times makes people diversify to different things. Learning enterpenural skills is now a means to survival.

You are right, with the existence of several sources of income that we have, this will of course help us in accumulating wealth and will also be able to fulfill all the desires and needs that we need, as time goes by, of course the needs we need will continue to increase, especially we have a responsibility as the head of the family and with the salary we have, of course, it must be really used for things that are indeed useful and do not until we use it for purposes that we don't need.

When inflation occurs, of course, it will be very difficult if you only rely on salaries to meet our needs and I agree with what you said to be able to have other sources of income and if you have skills that can provide income during inflation, of course this will be very good because in these conditions anyone will have difficulty making money and with skills, of course this will be very useful for us in surviving in these inflation conditions.

Even before now, salary isn't the way to achieving a great financial level but what happened back then is that inflation in general was very minimal and purchasing power was small to nothing and it was very easy to control inflation for years and that's why salaries were okay for parents to make a living without complaining, they buy mortgage house and car on loan and send their children to school and then live a happy life without making any complains.

However, today is different. An average person you are seeing today working has woke into the new financial knowledge where people now see other opportunities and there salaries from their source of income is no longer viable, you can't even save up with your salary and get a decent house and bungalow house, this is why things have to change. If you don't upgrade to the trend and how things are going, you may end up from been average financial person to poor person.

Its true that if we do not make or established our own business we will be slave for forever. I thinks its more difficult for most of us cause we don’t have enough fund for starting any business. If have we will be on more competition on the market with other business person who are existing on the market for long term.However It's not a big matter but still its better to open our business and we can entrepreneur.It is better from modern slave where rich never think about worker who are always survive with thier family.

If it is said that it is not enough, it will definitely not be enough. However, if our monthly salary management can be arranged and carried out with discipline, I am sure it can be done as long as we do not follow the trend too much when the salary is first paid because in 29 days the salary usage period is in sight. For your opinion, looking for additional income, I think it must be attempted even though it will have the effect of less rest.

That's the problem because every time the price of commodities continues to rise and past salaries are no longer able to keep up with future costs. When we get a small income, problems will arise where every time our needs increase, such as children's education costs, health and other costs. There is no other solution in this condition other than increasing income productivity and staying silent and not trying to get out of the previous zone will make someone trapped in debt. How many people are trapped in problems like this and the reason is because they need money for daily needs with their families so taking out a loan is the last option.

Although this method can be considered wrong, people are forced to do it because of the obligation to meet their living needs. Before all that happens, anyone should be able to prepare an option where they slowly build a small business at home with their family and it can be used to cover daily living expenses and the salary earned at work can be invested in other places such as bitcoin so that finances get better slowly.

I think if indeed the salary income from your job below the minimum living expenses in your area will never be enough, but if your income is above a minimum you might need to see your finances, usually people who are never enough they do not manage their finances well , even when you have enough gathering, for people who are brooches it will never be enough, well here is the importance of a financial literacy, you management to manage how to use money properly, because it will determine whether you can suffice or not with your income.

It's easier said than done. Everyone wants to earn more than their monthly salary, but earning a better/additional income is not as easy as what motivators say. Even for most people, maintaining what they have now is already difficult, let alone thinking of ways to earn additional income - they are just tired after work and their minds are already drained by the increasingly difficult reality of life. Yeah, I agree that salary alone is not enough, you can't just rely on that when the economy is tough like it is now, but the reality is that it is quite difficult to find a better/additional income, no need to say that you need to improve your skills or think more innovatively, because everyone thinks the same, or the difficult situation makes it difficult for them to move and in the end they just accept the reality of life.

The worst mistake anyone can make right now is relying on a regular 9 to 5 job, you can't get rich with that  and even down to the nare minimum which is surviving will be very difficult due to the cost of things. The inflation has become a very big challenge, for you to be able to survive you need something else to generate money for you otherwise what you earn wouldn't be enough to take care of yourself and your family. The economy is terribly bad to the point where people can't even afford basic things for themselves anymore. Your salary isn't enough to keep you going or make you rich, think of something else to do.

And as part of survival instinct then you would really be definitely be doing all possible things on different angles on which you could possibly be able to survive even if it means that it will really be putting ou on great disadvantage but still you would really be that doing it for the sake of survival and this do talks about taking up some loan or borrowing money. Its true that with todays commodity price on which it is really that continuing on rising its price on which your salary or paycheck wont really be able to caught up then it will really be that normal that you will be taking up necessary steps for you to be able to survive.
Some people do think up wisely on which they will really be taking up some loan but not for the sake on trying to spend it out but rather they would really be having plans on making up some investment or business.
This is the only way on which we do see that it could potentially be able to resolved out your problems when it comes to financial specially into the time that you've seen your paycheck isnt already that enough
to sustain your living or simply you cant be able to survive. How much more if you do have a family to raise or feed? You would definitely struggle on this case or such situation. You should act early as much as you can
and dont wait up for yourself to suffer up such situation.

Opportunities are everywhere. But if you lack the knowledge and skills, it won't still be given to you. That is why you have to develop your potential skills and talents that you have deep within because that will be the key towards creating your side income. Otherwise, relying on your single job or single source of income will let you experience financial struggles at some point.

In the end, it all comes back to ourselves whether we are able or not to do that, because as you said, the opportunities are actually everywhere but are we able to have the qualifications as expected.

It is not wrong when we expect additional income from other jobs outside of the work we already have and of course generate more income every month but the question is whether we are able to do that or not.

Because in the end there are some conditions that sometimes the desire to change the economy, especially to get more income, is always hampered by several conditions and the main problem is our ability to support it. So in this case it is important to find our identity and qualifications first because in the end this is something that we have to upgrade so that we don't get lost with the wrong choice considering that it could be that our intention to look for additional income actually backfires on us because we are not able to do it.

In this world where everything is expensive, one should have two or more sources of income in order to cater and make ends meet, and still make savings in the end. Because if you only focus on your main job, even if you are highly paid, there will always come a time that your finances may be at trouble. The bigger your income, the higher expenses you also come to face. So it’s always best to add another source of income, not only so you won’t face financial problems, but also so you can prepare for your retirement and enjoy it without hassling yourself how to make an income even with your old age.

Someone has to work for someone else right?, And if you op establishes your own business right now you will want people to come work in that organization as workers, right? Your message in the op sends a wrong signal about salary  whereby ignoring the fact that not everyone can and must have his own business not only because the money to establish a good business may not be available to his reach buy because it's not everyone that is business inclined to run a successful business. Some persons still grow rich by working to earn salaries. And what people earns as salary depends mainly on the value of their skills and expertise knowledge too, so not every salary earner earns a peanut as you've presumed.

Sometimes we might even have the knowledge and skill yet we may still not have that opportunity.  Sorry to say this, sometime we miss opportunity simply because we fail to seek God present or reference God in our activities or in what we do. Despite what we think we are and the handwork we have we need God to perfect it. There are things beyond our imagination.

We should not talk about having to but how to get out of the situation, lending money will only solve the problem temporarily while later we will be back in new problems. That is why solving problems must be done long before the problem arises because the efforts made in such conditions will be increasingly difficult.

If the income is small, then we should be able to create other income through existing methods, for example building a small business at home managed by the wife so that the income can help to meet the needs of life and the money generated from work can be set aside according to the percentage for investment or savings.

The policy of managing finances is indeed not easy and people must have a plan for what to use the loan for. Financial management must also be able to be adjusted where people must be able to divide the percentage of division for living needs, investment, savings or building a business. Someone who does not prepare everything well will never be able to get out of economic problems because life is now getting harder if people do not have a plan in their lives.

Yes and another reason why someone is advised or better to have more than one income is so that we can still meet our living needs, I mean because we never know how long we can survive in the company where we work, there is always an undesirable situation when the company reduces employees where your position will be threatened and if you are unlucky it is very possible for you to be one of the employees who are fired, and of course when that is your only job then surely the situation will trigger problems and tensions because there are no other sources of income that can be relied on. Another thing is the bigger your income, the bigger your expenses? Yes most people say that, that is true but I would say that usually the increase in expenses is not caused by needs but because of your increasing desires because you feel that you have a big salary.

It's not because of luck anymore, if someone get fired it means they're the worst among other workers, there's no way a company will fire the cheapest and best person. Unfortunately if you the unemployed can't find a job after getting fired, it means they're work in administrative or low skill jobs, high skill jobs will make you able to move from one company to another one.

Increasing in expenses when you have a big salary isn't always caused by your own desire, but you're forced because you want to maintain your relationship with rich people.

Having different stream of income is very important expecially in the country i came from, some workers salary is just $40 per month and the cost of things or commodity here is very high and expensive that even the $40 can't be able to run the family needs and wants within 2 weeks, so depending on salary alone could be very disastrous.

So it is better having other businesses and other source of income in other to meet up with the family needs and another reason to have divers source of income and not depend only on salary is that definitely one day retirement will come or could get sack from the company he or she is working and when such thing happens those that have other source of income will still survive or been doing well but those that doesn't have any means of getting money will definitely have no were to fall into.

The billionaires we have about now doesn't have only one means of income but different means that's why they still stand at the top.

Even if you have a well paying job, increased prices have spoilt everything, the cost of things has increased multiple times over the previous year. To cope with the difficulties we are experiencing in the current economy, the best thing to do is to have many sources of income. What I want you to understand is that issues in this life will never be solved, the more money you make, the greater the challenges you will face. With the way some nations are suffering, I am not sure that citizens are going to search for government work anymore.

Furthermore, many people in my country who work for the government have given up on their jobs because they feel that their salary is not enough to solve the small issues they are facing. However, they are concentrating on cryptocurrency and want to start investing and trading as little as possible because they believe that this will benefit them more than the little monthly salary they used to receive.

Presenting God in any work activity is absolutely necessary because God is a place for everyone to pray after everyone tries through their own work. I also never ignore God in anything, but I also always uphold the effort before I pray to the Almighty, so the effort must always be greater than praying to God because every skill and skill that we already have now is also inseparable from God's permission who has blessed us in every effort. So keep thinking more wisely so that we can continue to adjust things related to God and also to our own work.

We are experiencing heavy financial trouble due to bad economic state of the world where salary of people remain low but inflation rate is so high. If we only rely on a single job then for sure that we provably struggle to survive since its hard to budget the money we can get from the companies we are working. That's why best solution of this is to find good opportunities on where we can find alternative income. Right now there's no excuse for seeking that since we all know that opportunities is everywhere.

If they don't do something to enhance their skills then provably that there's nothing will happen to them. But if they are resourceful person and willing to learn more skills then provably with this they can gather best result especially if they could able to get a lot of clients which is willing to take their services.

People should not think about higher up their expenses even if they are earning good cash. Since spending only on things that they needed would provably bring something good for them in future.

Yes, sometimes something we often forget is our spirituality or our relationship with God (based on our respective beliefs). When talking about hard work and effort, sometimes we feel like we have done everything, but we forget that there is something that may be beyond our control. However, as humans, we are not actually required to achieve something, what is a must is hard work and effort, not forgetting to accompany it with prayer. Apart from that, sometimes we also forget to be grateful for what we feel in life. Maybe the life we ​​have now is a dream life for some people. Maybe this is related to the natural human nature that is never satisfied with something that is owned.

Mind you that there are people who earn a fat salary because of the skills they have and the service they render to their organization, so not all salaries is peanut. That being said, it is always advisable to have multiple streams of income, and the only way to do that is to be versatile, learn new skills, take new courses, push your brain to learn new things, in this way you'll be employable in more fields than one and you'll be able to do some of your work remotely.

There is nothing wrong if we become employees in a company, in my opinion this is not the worst mistake. Of course, many people have less or not enough income each month to meet their daily needs. What we need to change or do is our mindset, how to find other sources of income, for example we can become an online driver. or others to add to the number of our opinions.

of course, other income is very important even in all countries we have at least 2 other incomes apart from the basic salary. it can make life more organized and sufficient, but building a business is not easy and many people think that all businesses must have large capital,
That's why many people choose not to start a business.
But in this modern era there are many things that we can access easily, learn marketing business, services, and others.
back again to the seriousness of the person to change his life, because no one is rich just by being an employee.

There is no doubt that if you become your own boss you will have a chance to make more money than what you could make as an employee, however the problem here is that it is not a sure thing, and people in general hate to take risks, which is why they prefer to keep their jobs as even if they are being paid less than what they are worth, at least they know that they are not risking much by taking this path and they can always get another job in the case the business in which they are working were to fail.

I wanted to reply OP but I think you caught my attention and I love doing it here. I hope you know that there are professions in the world that are highly paid because such professions take much of your time in the sense that you don't even have time for your families or even your self. You hardly make time for yourself and chill with people because of your jobs, we have the likes of medical doctors and nurse, such kind of jobs will be hard to do a solo husle.

There is this particular one that take almost your life and time, people that are into research and development, in any demanding company, they look like the root of the company and the business, everyday you are ontop of the chain where you are been giving problems and solutions are expected from you and if you don't do, they will see you like you are not fit for the job, so you are always there to impress the company but in return you get a bigger check that can pay for anything you need.

In the current scenario, managing life on salary becomes tough. However, it is natural that those who use their experience and skills and get promotion and increase their salary will have a luxurious lifestyle. If their salary is not enough to run a family, if they can do small business along with the salary, then it will definitely be easier to run the family along with the salary.

The thing is wages don't increase at the same rhythm as inflation. This makes it hard to save and invest money for the long term. People have bills to pay, necessities to cover, etc. At the end of the day, you're left with nothing in your pocket. I'd say, only a small portion of people are able to invest their money into something worthwhile. The rest spends more than what they earn.

With how the global economy is deteriorating, it's getting harder to find a new job. The labor market is very tight. Yet, central banks like the FED and the ECB continue to deny this. They don't want to accept the fact that we're already in a recession. Sometimes I wonder if things will be able to get back to the way they were. I mean before the pandemic, the wars, and all of this nonsense. Will Bitcoin save us? Only time will tell.

You don't need to be too pessimistic, covid is not the first pandemic to damage our economy, the current wars are not the biggest, even its impact is nothing compared to World War II. Our world and economy have been through much worse and we have come through it all, but the price we paid was very high.
Our economy is also cyclical, after days of crisis and recession there will be periods of recovery and stronger growth. It was inevitable.

As for the impact of bitcoin on the economy, I don't think we need to exaggerate it. For individuals, if someone knows how to take advantage of it, they will definitely get a lot of benefits from it. But on a macro level, I am skeptical about its impact, it is too early to say that bitcoin will save us or save the world from crises and recessions. Although I think Satoshi created it after witnessing the effects of the 2008 great recession on the world economy.

I don't think it's wise to compare WW2 with COVID; the detrimental effects of war don't cancel the consequences of the pandemic. Everything has been going downhill after the COVID-19 pandemic; inflation is on the rise, the cost of living has increased tremendously, while the situation doesn't seem to improve, which is why a large number of people, including myself, are pessimistic about the future. Large-scale wars have broken out in Ukraine and the Middle East, without that excluding the possibility of a new one, as tensions are increased between countries such as China and Taiwan, or Serbia and Kosovo.

Older generations were met with vast technological and medical advances and had something to look forward to; their living conditions were constantly improving, while nowadays, the advancing technology is said to be a danger to humanity as we know it.

Yes I understand, usually that is the scenario in firing someone from a job, or what you mean is as you said which is most likely someone who is fired because he is one of the worst workers among the other employees in the same company. On the other hand, the problem is that it is quite difficult to find a job now, I really feel that in my country, and sometimes even though you have quite good skills in a field, it doesn't mean that it will really make it very easy for you to find a new job in that field, at least there is always a time delay that makes you have to be unemployed first, and if you can't wait for a reason such as because of a need that really continues to press you then you have no choice but to look for any type of job which is most likely with a low skill level and low salary.

Another thing is of course the increase in spending is not only due to the increase in desire because they feel they have a big salary, but of course it is also one of the factors that triggers greater spending than usual, including maintaining relationships with rich people, which I think does not need to be forced because it is nothing more than just socializing and I also think that even though you have a relationship with rich people, it does not mean that you have to live glamorously or full of luxury like them, and the only other thing that is very likely to increase spending without being able to be tolerated is because of the soaring prices of basic necessities.

Adding additional sources of income is a must nowadays. The salary that people get from employment isn't really enough unless the salary is one of the highest paying.

But if it's about those people that are into business, you'd see them how good they are at finding more sources of income. They're diversifying once they have mastered already the business that they have established.

More often, it's amazing to see that many from employment that have been tired of cycle of life that they're having, started to explore and build their own employment.

The need to have ideas in terms of business may be a solution to be implemented in the future for you to explore existing potential, especially if your salary is no longer sufficient from the work you are doing, by thinking more broadly it will provide many positive things in your life, the point is to always try new things in all fields of work.

Yes, it is probably a bit lame to compare the impact of war with pandemic but what I am saying here is that everything is cyclical and the economy will stabilize soon, it will not be as bad as people are pessimistic. If you look at the great recession of 2008, it was just as bad, but you see, our economy also recovered and became stronger than before the Covid pandemic happened.

Moreover, whether our lives can improve and become better or not depends on ourselves. I do not deny the difficulties and challenges we are facing but look, besides those whose quality of life is declining, there are also many whose lives are improving over time. Our life is good or bad depending on our circumstances and how we perceive them.

You don't have to try every single thing in all fields. You can start with the most idea which your passion is aligned with.

With that, you already have the idea of what you're about to get into and at the same time, if it's able to generate money for you, that will give you more eagerness to do your best on it.

It's actually a topic that many want to get into, about passion and money. But mostly are choosing money over their passion because their current passions won't bring food to their table but later on, that can be done when someone is already established.

Not all passion align with money.

Let's say my passion is manual drawing/painting, even I'm really good at it, there's no guarantee I will be rich. Not all people want to order painting and they do value digital artwork over manual artwork.

Working in your passion is better than working without passion, but make sure you see the prospect of your passion.

If you've seen yourself on having some skills then it will really be that best that you should really be trying out to utilize it out because you wont know if this kind of skill or talent will really be something
that could cause up for your life to be on such huge change in terms of financial specially if you've been discovered or simply having that  demand with your skills on which we've seen people who do become
successful because of this kind of thing. If you've seen yourself having not enough salary from your day job then its a normal approach that you will really be that trying to look for something else.
You will really be basing up into the things that you are capable into and sees up whether you could be able to find another extra income source that you could get. Although not all would become that successful but
at least you do have tried out on what are the things that should really that gonna supposed to do.

The continuous rise in inflation is affecting so many businesses and many employers are not able to pay workers considering the high cost of buying raw materials, paying for electricity and other miscellaneous expenses in the floor. Companies are folding and the government is doing nothing to make sure that businesses are going back to operation which has affected so many employees trying to manage their expenses with the penny they are being paid. Although their are people that are being paid hugely but we can't compare it to the high number of workers that are collecting penny as salaries.

I agree and that's what I've said that those that are into passion chooses money first, I mean with that to work for money and then leave their passion and soon when they're stable, will go back to the passion they all love.

While there's money with arts, I have seen people that are pushing for it. But that's when they're able to save a hefty amount of money to support that passion.

So, those people that are working in their passions are very fortunate. Many people like to get into that while having their stable incomes from their main source and at the same time, that's the passion that they can do some hustle.

Therefore, skills must be honed... Knowledge must be broad and you must have an organization so it will be easier which opportunities can be taken.
And it is important for skills in a job, even hard work is not enough if there are no skills.

That's how I felt in the past... Relying on one job is not enough and we must rack our brains on how to get a source of income that can increase our finances.

Yes, we have to choose in terms of the progress we want, by finding an interest in the appropriate potential of yourself, it is something you need to do, because it will have a positive impact on life, the important thing is that it can produce results, so it is a way to build and realize all that is expected.

I admit that I myself also get a salary that is not much, besides that of course everyone definitely wants a high salary but not everyone can get it what must be done is to be grateful for what we have received, on the other hand we must also have other efforts, meaning when you already have an income, don't just rely on that, if we are still strong then it is not wrong to look for additional income to get an income that is slightly higher than the main income. The majority of people in my country, all have standard salaries, this can be seen from jobs that are not much different. However, we should not only look up, sometimes we need to look down, because there are still people who have no income or salary at all, so we must be able to be grateful for what we have received, pleasure will be felt when we can be grateful by using our income as best we can.

The effects of inflation are widespread in every country of the world. Because of which there is a great impact on the lives of common people. Especially if an owner has to get the most speed in running a factory or company. Increase in the price of daily necessities increases the cost of factory raw materials and office space. An owner has to try to meet the additional expenses while also ensuring regular payments to all the employees of his organization including salary increments.

In this situation, many company owners are unable to pay as required due to which neither the owner nor the employees are at ease. Those with higher salaries have to bear in mind that their expenses are also higher. It is not that those who earn more will live their lives on less. The number of high-income employers is generally low, while the number of low-income people is high.

Op It depends on the country you live in. If you live in a rich country in the world you will get healthcare, education and other services for free. And if you live in a South Asian country like me, you may not get these services, so you have to spend more than what you earn in a month.

Most of the Asian countries are now in economic recession, the standard of living has improved but the employment of people has not improved. As a result, if people work in any company, they have to constantly struggle to meet their family expenses with their monthly salary. There is a tendency among all working people or other professions to save some part of their income for the future so that they can later use the saved money to start any business during their free time. However, due to high inflation, the situation has become such that it is difficult to think about the present without thinking about the future.

As long as you're believing in that thing that you're about to do. It's going to be part of your additional income. You have to sacrifice a lot of things like late night, early mornings, no partying while learning how to incentivize that passion of yours while staying at your stable job.

So, in everything, there is a solution but you have to find ways that are going to be advantageous to you and you won't be forced to do so. Whether it is part of your passion or just another side hustle just to get additional income, do it as long as it's legal and you're happy in doing that.

The world economy is unpredictable so, aside from upskilling, that passion will also have sometime in yourself to be more developed which you can capitalize on it later on when you decide to do so.

True, I won't deny it. Even with what I said, it's just BARELY enough to live. One emergency is all it takes for everything to spiral down into debts and loans. Even if they were able to save up, even years of saving up till their retirement probably won't be enough for most emergencies.

I think it's just a lot more impactful (or seems like it) because it just all seemed too... unreal? Like it went by so fast. So much tthat it seemed like everyone had skipped a few years of their lives, especially during the pandemic lol. Also definitely don't think Bitcoin is a savior or anything. That's just exxagerating things imo. It's a currency, not a super hero. It can definitely help an individual if they know what they're doing, but it can't save a country.

Currently, it becomes very difficult to support the family with a specific job, therefore, side hustle jobs are necessary in addition to the job. That's why nowadays there are many job seekers who are working on different sides online in addition to job. Day by day the prices of goods are increasing in such a way that it becomes very difficult to maintain the money of one's own expenses with the salary money of a single job.
Moreover, nowadays the unemployment rate is increasing so much that it is very difficult to get a job and online freelancing is definitely very important at this time. If such a part time job can be done in addition to the small business then the added money of this part time job along with the monthly salary can be very helpful in supporting the family.

Not unless if you do haev that an executive position then you wont really be having any problems but if you are someone whose really that placed into the bottom or entry level position and with having that
worst economic condition or situation then this is something that you will really struggling even raising up with your own family when it comes on providing their needs and wants.It something that will
really be just that depending on you whether you will really taking such act or would really be just that contented on what you do have. Salary is really something that we do really rely on day to day living
and its really that hard or would really be struggling if the amount of salary you do take is really just that too small. It will really be just that depending on you if you do take actions.

It will really be that a common sense thing that if you are not earning too much then its up to you whether you will really doing something hard or side hustle to make things
additional on your earning.

Yes you are right in talking about being grateful, but being grateful does not mean you feel enough with what you have got, being grateful is an attitude of accepting what you have got to your God, God does not limit humans to get more than what you have got.
If you want to get a bigger salary, then we need to improve our skills, increase our profit opportunities and continue to be consistent in the path you want to take to achieve a salary that can make your life better and much more secure, and of course you can help people who don't have that salary for you to hire in the future, and don't compare you with those who are weaker than you because it won't make you ambitious.

I guess it just depends on what kind of job you have. Not everyone needs a side job, while most of them only have one type of job. They have a good income which exceeds the family's needs for a month, and they can even invest or save it. A large salary from certain jobs is enough for them, but of course having a side job can help increase income that can be saved and invested.

Side jobs are really needed by those who are employees. Of course we know that employees do not have a larger income and in most cases they have great difficulty meeting the living needs of their families and themselves. Having more than one source of income is much better, but if they feel their main income is large enough, then it is not too important to pursue side income.

It is not enough to rely on single source of income specially if you have a family to support, we need to be prepared or ready for any unforeseen circumstances, an emergency funds should always be prepared, so relying on a single source of income isn't really good unless you're earning so much from it, e.g high positions in company, degree holders, or business owner.

You are right, having a single source of income doesn't cut it in current economic situations, however, as they say, it's easier said than done.

It might be easy for a business owner to have multiple sources of income because they have the necessary resources that they can use to start multiple businesses or make investments here and there to have multiple income streams, but a person who earns a minimum wage will barely be able to do anything because the money they earn is barely enough for them to feed their family for a whole month.

Also, most people who are employed but aren't earning enough find it difficult to try and venture into something they like doing or always wanted to do because they don't have any back up. When you know you don't have any savings or funds that you can use while you are trying to start something on your own, you can't get rid of your current job no matter how good or bad it is.

I remember stories from elders, a generation ago people could buy a house with the bonuses they earned after retiring from work. Now this is just a dream.
It has become difficult even to live on a salary. How will people save money and invest? Living conditions are getting harder every day. It's necessary to invest and create passive sources of income. It's definitely very difficult to live only on a salary but luckily you and everyone else here know about Bitcoin. That should be the starting point to differ us from regular joes.

Exactly. Everything is going downhill at a very fast pace. Ever since Joe Biden became President of the United States, it has been one crisis after another. Bidenomics, right? With Trump, there was peace between countries. Even his administration went as far as improving relationships between Saudi Arabia and Israel. The Middle East and Europe was riding along smoothly. Now it's complete disaster. Constant wars, alongside the negative effects of the COVID-19 pandemic will fade away our hopes of a global economic recovery.

Now Elon Musk and other wealthy people are talking about AI taking over human jobs. Will the situation improves if this happens? I don't think so. Although, every new industry brings new jobs opportunities with it. Inflation is still at large, yet the FED decided to cut interest rates by 0.50 points. This will enable the "money printer" soon (which equals higher inflation in the long run). Just you wait and see. Is this all part of the plan for a global reset? Could be. With CBDCs (Central Bank Digital Currencies) right around the corner, anything's possible. Here's hoping for the best. :(

It is believed that if you receive a salary at a hired job that is sufficient to pay for food, rent and clothing, then you are a slave.

At the same time, modern employers pay their employees a minimum amount of money. The main goal of any commercial organization is to maximize profits. Profit is the difference between the income and expenses of the organization. Accordingly, by paying a small salary to their employees, organizations maximize their profits.

In addition, they insure themselves against the emergence of new competitors. After all, without initial capital, an employee will not be able to leave the employer and start his own company.

For this purpose, they also try to load the employee with a huge amount of complex and often meaningless work. The employee should not think, this is one of the tasks of any employer.

Personally, I also like Trump better because I believe his economic policies will be more effective than the current administration, but I think it would be unfair to blame the Biden administration entirely for what is happening. Covid happened under Trump and the Biden administration is trying to repair the damage caused by the pandemic. He may not have solved all the problems in his four years in office, but there's no denying that things are improving, with inflation slowly falling below 2% and Fed rate cuts a sign that we're getting better.

The Federal Reserve raising and lowering interest rates and printing money has been going on for centuries, it's nothing new but our economy is still holding up so far, so you don't need to worry too much. Things will return to normal soon and we will have a period of prosperity before things get worse, the economy is also cyclical and we should adapt to that.

That is very crazy the point that we are now.
In the past one person would bring him 2 wages, now 1 person brings home 1/2 of a wage.

The big question what is the solution?

When running up a business or a company then of course the main priority that you would really be having in mind is on how you would be able to maximize profits on which it will really be just that normal that you would really be thinking up on how you would really be able to save up on which the primary ones that will really be affected on this one is on the employees itself. On employee point of view then it will really be normal that
you would really be that satisfied on the things that you are really that dealing into because you wont really be having no choice. Just like on what others been saying that there would really be those individuals who would really be that contented on what they do have and there are ones who are really that having the plans on trying out to improve their lives on having other side hustles as much as they could.

We do like to have a good life in terms of finances on which we would really be wishing that we would really be having no problems when it comes to money. We can buy everything we do want but
of course human beings doesnt really that get easily get contented on what they do have.

We don't always have to depend on the basic salary we receive from the company where we work. Because now we can even open a business via the internet even though we are still tied to other jobs in the real world. And that will make us have more income. I work in the real world and I also look for additional side jobs on the internet. Apart from that, I am also trying to build my independent business. We just have to be good at managing our finances so that the money we receive can be a tool to increase our productivity. Because in the current era we cannot only depend on one source of income.

It takes only a grateful heart to be appreciative of whatever amount he is constantly receiving monthly as a salary because there are a million others that don't really have that privilege, and it's not that they ain't qualified but they just are not opportune to. But with the economic hardship that keeps getting ironically better each day, it then makes it a necessity that no man should be comfortable with one income source but to strive to spread his tentacles across borders to be able to add to what the salary is bringing. Reality is, we now live in a world economy where multiple streams of income is the only way out. 

Or they could try to find a job that pays more, which is another option. Not everyone can, but some people do not take risks and I see a lot of people who do not have the will power to learn a new trait. For example for many years people talked about how devs make so much money, and I mean like a lot, these days they are not making as much as they used to, but certainly still make more than most people, there are few jobs who make more than devs.

So, if you are some cashier at some store, why not go home after your job, learn dev, learn coding, learn how to build stuff, and then get a job like a dev in some company? Not saying everyone can, but I see people who give up too quickly. One friend wanted to be an "influencer", in crypto world twitter accounts with many followers do have this as income, what did he do? Tweeted for three weeks everyday, then gave up.

What you said is true, we must be grateful for what we have earned every month because out there there are many people who have no income at all every month besides that with the same circumstances, our current situation is a dream for some people outside who are experiencing financial or economic difficulties. The income that has been obtained must be used as well as possible, even though we think the income is small but it is the result of the efforts we have made.
Considering the income of course everyone wants a high value every month, but of course it depends on our own efforts. We can get a high salary but it seems difficult and only a few people can get a high income but don't be discouraged because at least we have made the effort that we can and as much as we can.

Then how do you explain the tightening labor market? Isn't that a sign that the economy is bad? Trying to find a new job these days is becoming extremely-difficult. At least, that's what my friend says. And when you find a job, you realize the pay or the benefits aren't worth it.

Besides, wages/salaries aren't increasing at the same pace inflation does. This new rate cut from the FED, will only increase inflation in the long run. Not lower it. Please correct me if I'm wrong. The economy will never recover as long as COVID-19 and foreign wars persist. Erradicate COVID and broker a peace deal between Russia/Ukraine and Israel/Hamas/Hezbollah/Iran and everything should go back to normal. Otherwise, a dark future awaits for all of us.

The continuous rise have affected what ever is available because if you look at demand I don't know for other countries but it as affected demand in every single way because people have come to accept that what they can not buy they will just leave it and it is affecting a lot of businesses and I love the way everyone is trying to cut down cost because of how expensive everything is looking, the cost of bills then follow by feeding which is the most essential. Like in my country a lot of companies are folding up because it is no longer favorable and do you think the government care he'll no. Everyone is trying to manage everything that they can get, to see if they can sustain the business. Not until everything gets extremely worse that is when the government will now decide to look into it, been paid hugely is no longer the thing here how long will your payment keep you up with how the price of things are going up.

the thing is that we need to have like two or three source of income so that whenever our first generating income get close there will be hope of surviving or hope of living because another two is still existence but many persons does not understand that way that you need to have two different way of surviving, basically if you are trading with Bitcoin you don't need to focus on bitcoin only you need to extend or expand your investment to another way so that whenever once of it's been affected the order will be open so that is benefit of diversification of investment

That's right, the retirement salary (severance pay) is only enough to meet living needs for 1 year and I can confirm this because this also happens to my family. He was an employee at a government agency who worked for almost 35 years, but his pension (severance pay) was not much. The basic salary he received per month after retirement was the same as when he was actively working, but it was only enough to meet his daily needs for a month. Luckily he had built a house during his working life and also invested in gold from his saved salary, while he was in retirement to enjoy it.

Today we are in a different generation and we know bitcoin. That is a great advantage we have, but only if we are able to take advantage of it. Not many people in my social circle are involved in bitcoin either as investors or traders, but bitcoin is an innovation that is developing very quickly.

For the start, salary earning should be seen as a means to manage and start life. From there, one can be able to set up a goal for himself if there is none existing already. Save up and chase that goal, because before you can start anything in life, you need money, and that money is not what you are going to pick up on the street, especially for those who don't have helpers from home. Learning a skill requires money, and starting up a business also requires money, which is where the salary earning comes in.
 
Salary earning most times can't make someone financially stable or rich, but it can give you a ticket to greatness if you plan wisely.

To be honest, I don't keep track of the USA's politics; however, I've also noticed what you've pointed out. Trump had far better relations with Russia and perhaps would have handled the ongoing war differently, and the two nations along with the rest of the world wouldn't have suffered so much. From how I see things, although I don't claim to support the candidates, nor does Trump, as he had said some quite dumb stuff during COVID-19, I believe that he managed to resolve crisis situations far better than Joe Biden is.

I honestly believe that the world is going downhill; the increased inflation and tensions between many countries sound like a ticking timebomb to me.

What makes our income from salary income considered insufficient is when our needs are ultimately higher than what we get from monthly income.
Of course this happens because the economic level continues to soar and there are other factors such as when we feel that we always need something that unconsciously makes us wasteful because of lifestyle pressures for example.
This, whether we realize it or not, sometimes happens and even always happens to most people who think their monthly income is not enough.

Although looking for alternatives with side jobs is good, there must also be self-qualifications of course because not everyone can do it because they are hampered by qualifications.

The choice is only 2 when we only try to try to serve a lifestyle that is sometimes more then we must be prepared with all the consequences including looking for additional jobs for additional income but if we can't do that then what must be done is to rearrange your financial management from the start so that the income that seems less is not burdensome because of course life must survive and we must maximize everything we have (monthly salary) for the life we run.

Having different or multiple streams of income is the right way towards achieving financial stability, but depending on just one source of income especially salary will not lead you to financial stability, that is why people that have skills have do have huge advantage over people without skills because because those wit skills can do extra work and get paid apart from their salary work if they have one.

Mostly, salaries are not enough to sort bills, and if they are enough to sort bills, there will be no savings and we need to save for future; therefore, if your salary is your only source of income, you are one step away from poverty, try and learn extra skills so that you can independent.

Even with a single source of income, it’s still necessary you keep some hiking aside for unforeseen circumstances. How do some people go by feeding from hand to mouth. It doesn’t make sense to me and I don’t think it’s one thing I’ll easily understand.
Yeah I get the fact that, cost of living is really high and some individuals are below the rather, just surviving rather than living there true. Still, it doesn’t mean should some wave rock your boat, your thrown overboard or the whole world gets alerted.
It’s a hard world out here and a stream of income isn’t enough yet, in the absence of two, you could still find means to manage with one while preparing yourself for any eventuality.

To get additional income, having multiple streams is the right solution. I don't know that this will guarantee for the financial stability but this surely increases the amount of money to get monthly. There are many kinds of jobs nowadays, we can get online jobs for the side income if we want to have flexible time in working. Many online jobs have flexible time to do it, it is quite different with off-line jobs which seems more rigid in the use of time.

Salary must be enough to pay for any bills if we want to have savings. That's why we must have side jobs, it is the way to increase the number of income. If we only have a single job, it is possible that it is not enough for paying monthly bills. So, why don't we try to have some side jobs, right? Even we can have side jobs in this forum.

living paycheck to paycheck could also be an indication that maybe we need to step up our game and strive toward better income or even create various stream of income.
the reality of having bare minimum salary is that, it's just anxiety induced living like we're in constant fear, learned this and started doing various hustle including trading, been helping me to build my wealth into financial stability and I know i will make it eventually.

if anyone is concerned whether their salary is not enough for living, then the answer is definitely not enough, there's nothing like too much money, keep striving for additional source of income.

The major issue is that as the years go by, the average salary becomes insufficient because we are spending more and more time working for the government. Let's keep in mind that many first-world countries are being governed by socialist or similar ideas, where politicians need to keep the population ignorant and poor in order to manipulate them. All of these decisions come at a cost, and as time goes on, the state grows larger and the expenditure increases, leading to higher tax burdens, which are ultimately paid by the private sector.

I think the salary given by the government is more than enough to meet our daily needs but it will not be enough to fulfill too many desires, if only we can control our desires then I think the salary we get will be enough to meet our needs.
Their politicians will always hope that their citizens will still feel the need for them, even though what some politicians do will not necessarily result in policies that benefit many people because they will always be tied to those who have brought them to that position so that the policies they issue will be very dependent on only a few of their groups. Of course this will harm many people and the high tax burden will of course be very troublesome for some people who have a small income but not for those who issue policies that will get greater benefits from the tax.

We can call it slavery, working more than the hours we are supposed to but what we receive is not enough to cover our needs while waiting for the next salary, but it is still better than not working, what we have to do is improve our skills so that we can earn more, not quit our job and only then improve our skills.

Working for a small salary is still better than not working at all.

It seems like we have no other choice and are forced by circumstances, but that doesn't always happen, we can still get out of that zone to improve our lives for the better in the future if we really want it.
So it's not forever and from our salary we will never be rich if we don't develop the quality to be able to get money from other sides to support our lives.
If we talk about salary, then in almost all companies the salary we get will be limited, so if we just wait for our salary, our lives will never change, so we have to change and look for other opportunities to be able to get extra money.

If we are business owners, we will also pay others the same salary that companies pay us. I don't call it forced circumstances but it is the harshness of life and we need to adapt to them.

No one forces us to work for others and complain that they are exploiting us, it is all our choice. Instead, why don't we improve our knowledge and find better jobs? As I see it, most people just spend their time criticizing and complaining about businesses that treat them badly. Why don't they save themselves by increasing their self-worth or finding a more rewarding job? I believe that people who only know how to criticize and blame all day will stay like that, even if they get a job with more benefits, they will continue to complain because of their greed.