Furious 7
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October 09, 2024, 09:43:24 PM |
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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.
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.
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Odusko
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October 09, 2024, 11:22:24 PM |
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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
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.
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Smartvirus
Legendary
Offline
Activity: 1918
Merit: 1275
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October 09, 2024, 11:46:02 PM |
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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.
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.
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Rengga Jati
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October 09, 2024, 11:50:08 PM |
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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.
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. 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.
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.
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JeffBrad12
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October 10, 2024, 02:00:28 AM |
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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.
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.
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mateofurtado
Newbie
Offline
Activity: 12
Merit: 0
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October 10, 2024, 02:24:45 AM |
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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.
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Bloodseekers
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October 10, 2024, 03:58:28 AM |
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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.
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Strongkored
Legendary
Offline
Activity: 3262
Merit: 1126
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October 10, 2024, 04:01:34 AM |
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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.
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.
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barisbilgili
Sr. Member
  
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Activity: 1246
Merit: 313
Vave.com - Crypto Casino
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October 10, 2024, 06:10:16 AM |
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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.
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Swordsoffreedom
Legendary
Offline
Activity: 3248
Merit: 1171
Leading Crypto Sports Betting & Casino Platform
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October 10, 2024, 09:43:01 AM |
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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.
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