To make a living, we must work. In uncertain days like now facing the global economic downturn, a stable job with high income becomes a scarcity. A side job or business seems like more necessary than ever, which can minimize the risks of losing your current job, ending up pennyless. However, a side job/business also takes time and efforts and can never be attained whenever we need it. What did you do or will you do in order to ensure your finanical stability despite all unfavorable circumstances ?

A very closed friend of mine yesterday asked me to carry him along towards what gives me income, he stated it that the national Economy is currently weak like a disaster to the society bringing even the average citizens to a zero level talk more of those whom are vulnerable.
He made some points about some some known whom where doing so financially and even at now they never slacked from their hustling but just seems like they are hustling in vain because whereas most of them has lost their financial net values to %15 - %25.
He said he is scared of what would happen to lives in the closest future but yet he is wondering what my (EluguHcman) Source of income is because it is obvious that I am not affected with the current system of the economy.
Out of curiosity he said to me that my friend, if you makes $2K monthly income and you take me along with you I will be so satisfied if I can make $50 incomes. Please, show me the way.

I simply asked him if he can engage in an investment platform that he may stay couple of times without profits? He said how long? And I said I don't know, the system would decide then he asked me to give him a range of time then I said maybe around 6months ahead.
He said no way he can', then i paused and deep inside of me, I was happy that I haven't exposed my source of income to him yet which I intended to introduce him in.

In life some people would see you doing so well and would think your earnings comes as easy as they may think. They would envy and wishes to be like you but when the opportunity comes they finds the opportunity ot buy jungle and unfriendly.

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

The Rich/Government has used money as a tool to oppress the poor in a way that they practically use it to control everything in the world with the help of financial institutions.

The high class as they are called has maintained dominance in everything, not to be bitcoin biased or cynical, but in this case, I see Bitcoin as the alternative to this controversy and if we want to eliminate the power that is intoxicating us, then we must advocate for alternative means, Bitcoin as a currency without any central control will handle this menace in a manner that everybody will have power, control and self custody of their bitcoin, the market forces will now depend on more individual investments in it and group or institutional adoption, just imagine making Bitcoin handy and accessible to the populace.

I think the world will be a better place without notice or segregation between the rich and the poor if Bitcoin is embraced fully since Bitcoin is not a currency of a particular country everyone has the equal right and power to either store it or use it.

Actually have come to understand the fact that when ever dollar increases it may likely cause the depreciation of other currencies in underdeveloped countries. Particularly this might make this underdeveloped countries to be very poor. It can also make them not to engage in the global market of trading, because their currencies can not meet up to this increase in dollar. I think it’s really a global issue that needs to be addressed in order to help this underdeveloped countries.

Investing in Altcoins had been what so many invested have been looking at these period. Believing that bitcoin's bull run will surely influence the price of the altcoins and hive them massive gains. Literally if bitcoin rises altcoins follow suit but this is the only reason i see that makes potential investors to invest in Bitcoin. There is no other interest as they feel its unsafe to store value or wealth, cant be used for p2p transactions and it cant be trusted to hodl for long. If you think there is any other reasons that makes investors put their money in altcoins feel free to share. I would love to know.

I have been on a high notice that when we talks about how we could have reliable incomes, we basically relies that point at diversifications of incomes while we underrates the motions to utilize our incomes.
Talking about how to build a financial structure to attain a great heights is primarily considered when we hold on to utilizations of our incomes before considering the diversifications of incomes.

Let's briefly discuss about diversification of incomes and Utilizations of our incomes and then let's figure out the holding that is more vital to secure a better financial stance.
So now, financial expenditures disciplines helps an individual to utilize his incomes in a productive manner, it could be of savings and economizations in reserve for the future. It helps an individual to keep a reliable bankroll nomatter how little or big the rate of income maybe. Although it might not be enough to afford the individuals needs.
While diversification of incomes is to have broad measures for income flows.

In most cases, some person's with just a source of income meets a greater height in achieving great things than those who has multi source of incomes.
So, if a diversified investor is not efficient enough to utilize the incomes, then his incomes is said to be void in as much as you don't keep a reliable bankroll and you don't stress on achieving great things.

I might not be so opened with the thread but my point is that Utilization of income has better based lines of productivities than of diversifications of incomes.

Let's discuss!

There are two types of consequences: if you have money on your bank account they lose their purchasing power because you are subjected to an "implicit tax" because your saving are cut by the increasing in the price level. So you should be able to invest your money in bond or in  the Capital market in order to close the gap with the inflation rate.

Obviously investing you can achieve more profits but losses at the same time, due the equation more yield and more risks.

If you want an advice you can just think to invest your money in bond because Central Banks will decrease interest rates in the long run because inflation is falling sharply.

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

The massive awareness to keep bitcoins for as long as possible promotes people to develop the attitude of saving, just like saving money. Do you agree with this that people who are very good at saving money become very good at keeping bitcoins when they finally start doing cryptocurrency? Or do you feel that there is no similarity between keeping bitcoins and keeping money?

Think of when you hit a jackpot, and some cool cash slide into your pocket, you feels better and step up some pride and involved arrogance, you feel like you can buy the world with your peanuts lol, bro, I little shopping out of it can makes you look like a poor man again. There is this oil dealer guy in my community who happen to be hot market pro in the oil industry, he owns an oil well but this guy it gets to his head and start contesting for political power which he has lose twice now and the worst of it now is that the oil well is dried because suck the money into politics, loss everything. This money is never really enough, no wonder even the President of nations still fights to get money after office.

Crypto is mostly unexpected and we don't know which token will give us high profit. sometimes we expect a big pump in the token and we believe that this project has a lot of potential but this token performance remains low throughout bull and bear season just like DOT and Cardano while some coins we often called them scam and spam pumped hard like ORDI, Pepe, Floki. It's all about trend when trend end then no one want to buy these coins.

What is your suggestions about profit from altcoins. Should we rely on only buying long term projects or we should invest according to trend despite of looking that trends coin will have no value in future?

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

So to get more wealth use cheat code:
Give promise today that for example you will have some goal or amount of money after one month.
You promise yourself and even If all of this not become reality some % of this will become into real.
The word " i promise" have strong power more than you could imagine.
So you need to use "i promise" first and then describe the outcome and the magic will make it even happening by someone else If you are not capable to do this by yourself.
Remember universe reads the Code this is correct way to give order to "universe the big computer " the Code example: " i promise myself and others that i have on this date that much money or bitcoin"

Remember universe are designed the way so it will take the order and process it best way possible.
If you do not use right code words nothing happens.
Now the universe will read the code and the computer Will take your order and start processing it.
But the strongest key word are always "i promise"

It's like the universe are one big computer wich reading the Code the way you talking and words you using have power.
The funny part of this are the thing that If you do not have much the resources and capabilities then universe will be like banker he will divide the cost of energy with all the others becouse you use word "i promise" the universe will take that word for sure and will do best way as possible to give you results you described with given time frame.
That's our financial world are based on "i promise" word

Use this method with action becouse without action unlikely Will happening


Try this method and let others know how it was

What's the essence of all the hustle and bustle and learning and reading and keeping all the sleepless night? Isn't it all about money?

What if I don't want to go through all these process, don't care if I'm a graduate or not or if I'm good at speaking good English or not buth I'm just focused on how to make the money and end up making the money, won't the end justify the means?

I sometimes feel that some of these ideal process that has been accepted by the majority of the people in the society as a part to be taken to greatness is too complex. I mean, we can just learn how to read and write and focus on how to make money. Those who want to become engineers can choose to do so but those that don't want to pass through those route shouldn't be seen as less of a person because at the end of the day, it's mostly all about money.

First off, I must say that Education is very good and i don't dispute the fact that it's very vital and necessary for human development, it can put you in a position to be successful no doubt but being a graduate is not a 100% guarantee for one to be very wealthy, one can be very sound academically but lack some basic skills of acquiring wealth. Also one can still have some good knowledge of certain skills but if there's no zeal or self confidence in earning a living through it then your education on those skills can be said to be a waste since you ain't making effort to earn from it.

 Also I've heard several people complain about having good grades, being 1st class graduates but find it difficult to secure good paying jobs, imagine someone struggling to achieve good grades in the university but find it difficult to earn a living and at the end settle for minor jobs while there are many dropouts with good skillsets as well as being creative and think outside the box, and are bosses of big organisations and companies.

 Well it's not basically about being educated or graduating with the best grades that makes you wealthy, it's about determination, being consistent and also persistent cause success and wealth are not achieved in one day or immediately after graduating. In as much as you have good grades, you must still improve your skills, not only job skills, marketing or management skills but your critical thinking and problem solving skills.

You don't really need to go the 360 degrees to be successful in life for everything you need is just within you.its not until you also do the same business the next successful person is doing before you gain financial freedom.the part way to success is not fixed you could discover yours.

Some persons close their long term built businesses to sought for a bigger one and end up losing both instead of making the one they are well acquainted with larger and better.
Stop crossing other people's lane and stop looking outwardly for everything we ever needed is just within.
Opportunities are all around us but it's left for us to see it as an opportunity and make use of it. One good step that is proportional to one good opportunity could lift one to a greater height. just look around, the solutions to your problems are just lying by the corner.

They are four kinds of trading according to Pareto; An immortalized name in the economics mathematical science.

1. A win win trade; one that the both parties win, hence the number of people into such trade keeps booming

2. Trade in which a party gains, but no one loses, and again welfare will definitely go up; more users and investors

3. Trade in which no one gains, but someone loses

4. Trade in which some party win and some loses, and increases the amount of profits of those who won.

People are wise, they'll go for one and two, but will trade on it until a point where people can't trade without getting worsen off.  But, in 3 and 4, where I placed bitcoin, especially 4. The trade cannot be profitable if people don't lose for others to win. Yet it has some qualities of the results of number 1, finite supply. When the supply of bitcoin ends. Wouldn't people look for other things that'll serve them, other than bitcoin?

People's interest can change in the market. Which is what balances the market. Difference in utilities.

No fud! just reasoning like an economists. Using their mathematical science. You can contribute or share you insights on Pareto principles; Pareto optimal and Pareto superior trades.

Thanks.

Will the goverment have plans to improve?
I mean it will be bad for health the suffering and unemployement and problems with debt.
Or you think it is now new normal ? Or the goverment will rescue the world when things will go too bad.
But If they rescue they can't print much money again the inflation problem.
The only solution i see If they take some large country and they will try to do some money printing and then directing the inflation into that country to devalue that country currency so that's the only possible way.- but that could be only temporary method.
Otherwise the goverment can't do much about it only way If they try make new ways to educate people with new smarter ways so instead of turning on money printer they will try to solve problems with new methods how to do things cheaper and how to organize our world and society smart and more energy effient ways because the world can't go on the way like it use to be when ever we have problem...we just print more money - but now i guess that's not an option because of inflation.

What i think that there is no easy solution or just magic lazy quick solution but we all have to think how to better organize and develope our lifes so we all can make more with energy efiecnt ways.

The money printing when ever we want it made the society as whole lazy and even If they find method how they can still print easy money the society will be even more lazy and by lazy i mean lazy in their mind.
Also Im not fan of Green energy or that kind of things but i see that printing money will give a lot more easy money to society we consume more and it's not good for envoirment and nature If we just consume grazy ways again Im not the Gretha Thunberg fan...but that's all got me think about it more we all are apart of our society and what Ever happens we all have responsebility.