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Author Topic: Financial Stability - Get yourself non ending economic circle.  (Read 459 times)
Ucy
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November 11, 2021, 05:41:13 PM
 #61

Better to just solve problems... If people appreciate or not, you still get your rewards in one way or another, as long as you do what is right. Such rewards always come from above and nobody can stop it.
If problem solving counts, whether people reward you or not, you could rightly claim you have multiple jobs.
I believe the world should emphasize on Solving Problems or making useful contributions to societies rather than just having a job. Lots of people don't contribute much in their jobs or are creating more problems yet are fully paid.
What you're describing is way too common in the work environment, believe me. I haven't changed many occupations, I'm only 23, however, I came across what you're mentioning almost in every single workplace. I now work in a gas station, and there's more than a handful of employees there who do not deserved to be paid in full, for such kind of work they're providing.

Ofcourse.
A better system would reward people according to how well they solve problems. You could create a reward system that encourages others to find faults in people works based on laid down rules/standards that should not be violated. Fault finders could be quite polite though, and probably discreet/anonymous. A worker's rewards could be retained or rewards automatically given to him/her if no one is able to find fault in his/her work. Fault finders could be given the rewards that's meant for those who fail to do their job properly. This reward system should encourage workers do their job properly especially on a decentralized crypto network.
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November 12, 2021, 06:48:59 PM
 #62

The issue is that the expression becoming rich is wrong when it comes to building your wealth over the long term, you do not become rich you plan to become rich, most people do not have a plan, they just expect that someday the good life is going to happen to them and they will obtain the benefits of it, however the ones that were able to get so much money planned for it, they saw what they needed to reach their goal and they did it, and if that meant working several jobs or getting new skills they did it, while many other people will simply think of this as too much work and will keep waiting for their luck to change.
absolutely right, what you said is the right thing.
sometimes people only focus on wanting to be rich and want to get rich quick but on the other hand they forget what we should have to achieve that wealth.
planning is a very important thing that is often forgotten by almost everyone even though careful planning and proper management will indirectly make them more organized in doing everything including to get wealth.
it's simple, how do we want to be rich while the planning and management that we have are still not well organized.
What happens is that people have a completely mistaken idea of how people get rich, for example they want to win the lottery or inherit a huge sum from a rich family member that died, but they do not think about all the steps they need to take in order to get that money by themselves, also they think that the majority of those that are rich now were born this way but instead the majority were poor or middle class and became rich thanks to their efforts.
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November 13, 2021, 06:41:03 AM
 #63

right now I have a job even at a low cost eventually I still just need financial stability to have a business of my own but I can't do that yet because I need a financial to save first, I guess it's hard to work enough that you also need  little balance in life not just work so much be think where can you take care of your daily needs or need at least a little investment and it will grow soon, so that my business can be built and because of my little financial for investment ..
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November 17, 2021, 07:05:56 PM
 #64

Better to just solve problems... If people appreciate or not, you still get your rewards in one way or another, as long as you do what is right. Such rewards always come from above and nobody can stop it.
If problem solving counts, whether people reward you or not, you could rightly claim you have multiple jobs.
I believe the world should emphasize on Solving Problems or making useful contributions to societies rather than just having a job. Lots of people don't contribute much in their jobs or are creating more problems yet are fully paid.
What you're describing is way too common in the work environment, believe me. I haven't changed many occupations, I'm only 23, however, I came across what you're mentioning almost in every single workplace. I now work in a gas station, and there's more than a handful of employees there who do not deserved to be paid in full, for such kind of work they're providing.

Ofcourse.
A better system would reward people according to how well they solve problems. You could create a reward system that encourages others to find faults in people works based on laid down rules/standards that should not be violated. Fault finders could be quite polite though, and probably discreet/anonymous. A worker's rewards could be retained or rewards automatically given to him/her if no one is able to find fault in his/her work. Fault finders could be given the rewards that's meant for those who fail to do their job properly. This reward system should encourage workers do their job properly especially on a decentralized crypto network.
That would be difficult to implement, I think a system based on commissions similar to what is implemented with salespersons would be ideal, however many times I see the opposite and I have been in fact victim of this once, for several months in a row I was the best salesperson at a store and instead of congratulating me and given me the fruits of my labor I was fired because the boss did not wanted to pay me the commissions I was owed.

So I agree there are many people that literally just show up to work and do nothing of importance, but at the end of the day it is not our job to find those anomalies in the company and get rid of them, that is the job of the managers, and many of them are failing at their jobs.

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marilynmanson21
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December 08, 2021, 01:57:18 PM
 #65


Has it occurred to you sometime you should have more income sources than just relying on single one?


for me looking for a loophole in making money and not relying on only one income is very reasonable and must be done, especially at this time,

I do everything as long as I earn money to make ends meet. especially in this digital era, there are so many ways to get money, as you mentioned above it is very objective but does not rule out the possibility of being a guarantee to get an additional source of income, there are risks involved in it and people should also be able to experience it loss.
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December 09, 2021, 01:55:59 PM
 #66

A better system would reward people according to how well they solve problems. You could create a reward system that encourages others to find faults in people works based on laid down rules/standards that should not be violated. Fault finders could be quite polite though, and probably discreet/anonymous. A worker's rewards could be retained or rewards automatically given to him/her if no one is able to find fault in his/her work. Fault finders could be given the rewards that's meant for those who fail to do their job properly. This reward system should encourage workers do their job properly especially on a decentralized crypto network.
That would be difficult to implement, I think a system based on commissions similar to what is implemented with salespersons would be ideal, however many times I see the opposite and I have been in fact victim of this once, for several months in a row I was the best salesperson at a store and instead of congratulating me and given me the fruits of my labor I was fired because the boss did not wanted to pay me the commissions I was owed.

So I agree there are many people that literally just show up to work and do nothing of importance, but at the end of the day it is not our job to find those anomalies in the company and get rid of them, that is the job of the managers, and many of them are failing at their jobs.
That is not the bad side of the business idea, it is the bad side of that manager and that's it. Being a good salesperson and ending up getting paid is still valid idea, sure you may face some people like your manager that will not pay you, but you may face with people who reward you with extra profits or other stuff just to keep you happy. Making a sales person happy is number one rule of any decent business, if the sales person is happy then he will not leave for another company and he will keep on selling for you.

If I had a product, I would say 10% cut from sales of it to everyone, not just sales people, the whole world would be my sales person and I would actually do pay that. It is usually called affiliate marketing, and I would gain a lot of customers just because I am keeping my sales people happy. So do not be discouraged by one asshole who didn't pay you, that's on him, not the business.

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December 10, 2021, 08:49:27 AM
 #67

If I had a product, I would say 10% cut from sales of it to everyone, not just sales people, the whole world would be my sales person and I would actually do pay that. It is usually called affiliate marketing, and I would gain a lot of customers just because I am keeping my sales people happy. So do not be discouraged by one asshole who didn't pay you, that's on him, not the business.
Yeah I agree, we are slow earners, but our expenses are usually way too more than what we are earning. Even when we start earning a high amount of money, some of us still tends to spend way too much and carelessly. Which is why we need to learn how to manage our resources. I even reached a stage where I had to start putting about fifty percent of my monthly income into a locked savings account, because I noticed that I was fond of spending money on unnecessary things, when I had other very important plans that I had to achieve. So, I had to do what was best for me and started managing myself to be able to achieve my major targets in life.

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December 10, 2021, 02:35:17 PM
 #68

A better system would reward people according to how well they solve problems. You could create a reward system that encourages others to find faults in people works based on laid down rules/standards that should not be violated. Fault finders could be quite polite though, and probably discreet/anonymous. A worker's rewards could be retained or rewards automatically given to him/her if no one is able to find fault in his/her work. Fault finders could be given the rewards that's meant for those who fail to do their job properly. This reward system should encourage workers do their job properly especially on a decentralized crypto network.
That would be difficult to implement, I think a system based on commissions similar to what is implemented with salespersons would be ideal, however many times I see the opposite and I have been in fact victim of this once, for several months in a row I was the best salesperson at a store and instead of congratulating me and given me the fruits of my labor I was fired because the boss did not wanted to pay me the commissions I was owed.

So I agree there are many people that literally just show up to work and do nothing of importance, but at the end of the day it is not our job to find those anomalies in the company and get rid of them, that is the job of the managers, and many of them are failing at their jobs.
That is not the bad side of the business idea, it is the bad side of that manager and that's it. Being a good salesperson and ending up getting paid is still valid idea, sure you may face some people like your manager that will not pay you, but you may face with people who reward you with extra profits or other stuff just to keep you happy. Making a sales person happy is number one rule of any decent business, if the sales person is happy then he will not leave for another company and he will keep on selling for you.

If I had a product, I would say 10% cut from sales of it to everyone, not just sales people, the whole world would be my sales person and I would actually do pay that. It is usually called affiliate marketing, and I would gain a lot of customers just because I am keeping my sales people happy. So do not be discouraged by one asshole who didn't pay you, that's on him, not the business.

Financial stability can be obtained if we can distribute income in the system. In other words, we have to create the system. If we do not control the system, it will be difficult to get financial stability

As individuals, to get financial stability we must create value for ourselves and also manage our time productively. When your value is high then you will be an asset, not a burden wherever you are. So you have to be wary if your working hours are high but your income is still low, it could be assumed you traded your time wrongly or you don't have strong value, so the company views you as a burden, not an asset.

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December 10, 2021, 10:23:10 PM
 #69

hoping to get a financial every day is my dream and I will do everything for getting good income.  I think that we should have a destination for the money it means that apart from work or business there should still be a sideline of other sources of income such as investment in crypto that's the best way to passive investing, or stocks, or real estate.  This way we will be financially independent and it is important not only to earn money, but that you have your whole approach on how you grow your income.
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December 11, 2021, 05:53:02 AM
 #70

hoping to get a financial every day is my dream and I will do everything for getting good income.  I think that we should have a destination for the money it means that apart from work or business there should still be a sideline of other sources of income such as investment in crypto that's the best way to passive investing, or stocks, or real estate.  This way we will be financially independent and it is important not only to earn money, but that you have your whole approach on how you grow your income.

Having a passive income is really a dream for everyone, everyone wants to stop working like a hell and get financial freedom. But for achieving that there's a lot of hard work that needs to be done because it wont happen in just one day. You should learn how people organize and develop their passive income, what is the best right now for passive income that will give you an income till you are olds. 


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molsewid
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December 11, 2021, 11:01:55 AM
 #71

Yeah I agree, we are slow earners, but our expenses are usually way too more than what we are earning. Even when we start earning a high amount of money, some of us still tends to spend way too much and carelessly. Which is why we need to learn how to manage our resources. I even reached a stage where I had to start putting about fifty percent of my monthly income into a locked savings account, because I noticed that I was fond of spending money on unnecessary things, when I had other very important plans that I had to achieve. So, I had to do what was best for me and started managing myself to be able to achieve my major targets in life.

We are slow earners with expenses are worth more than what we earn and let's add the inflation rate this is the most type of cases that every normal people experience. Earning a high amount sometimes doesn't enough if we don't have a financial literacy of how we spend our hard earned money and how do we start a side hustle so that we have another source of income. Financial stability and financial freedom will come next if we were going to make ourselves more knowledgeable on how to manage financial aspects. Aside from financial literacy we should also focus to educate ourselves about what possible skills that we can acquire so that we can offer it to other people and we can have our another source of income or side hustle.
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December 11, 2021, 02:30:18 PM
 #72

hoping to get a financial every day is my dream and I will do everything for getting good income.  I think that we should have a destination for the money it means that apart from work or business there should still be a sideline of other sources of income such as investment in crypto that's the best way to passive investing, or stocks, or real estate.  This way we will be financially independent and it is important not only to earn money, but that you have your whole approach on how you grow your income.

Having a passive income is really a dream for everyone, everyone wants to stop working like a hell and get financial freedom. But for achieving that there's a lot of hard work that needs to be done because it wont happen in just one day. You should learn how people organize and develop their passive income, what is the best right now for passive income that will give you an income till you are olds. 
There are places that are hell and there are places that are heaven for employees, but it is clear that their common sense is that there is always a need for a side income behind the main job because hell isn't comfortable with dozens of jobs and overtime, neither can heaven be happy forever and don't think about the future, one side needs the future and the other needs to get out of misery, all have thought of financial freedom by having a passive income source. But in front of freedom is stability and perhaps many people are very precarious in finding stability, too difficult and full of constant job hopping.

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December 11, 2021, 03:25:48 PM
 #73

The thing is, prolly everyone wants to have diverse sources of income, but it's more of a case of easier said than done, more often than not to have an extra source of income requires capital and it is that capital that most people do not have as they are struggling to cope with the little they earn from their sole source of income.
With the digital era, there are just so many ways to earn the money. If spoken about the crypto space then . .
1) Crypto staking
2) Mining Farm (Very profitable if done properly)
3) Crypto Trading
4) Crypto Investment by HODL (More or less staking without fixed APY%)
5) Work at Forum
All of the above is as well not a guarantee to earn an extra source of income, there are risks involved in them and people should also be aware that in as much as they may try them to make ROI, they could as well accrue losses. Imo, most times the best way to earn extra income is if you have a skill and you're willing to render a service and get paid afterward.

Things listed above aren't 100% profitable especially for those who don't have complete knowledge about it. It requires capital and further researching since trading and other cryptocurrency opportunities have a long process of learning. Some people might see these things as a shortcut to success but there are still lots of things to consider before entering these things.
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December 11, 2021, 03:39:32 PM
Merited by The Sceptical Chymist (2)
 #74

Feeling insatiable is a human trait that is formed naturally because of the desire to always be on top. In the circle of economic and financial stability, they will always try to appear by continuing to develop their business for profit only to make their pile of money grow. Although I never thought of it as anything wrong, but having gratitude for whatever they have right now is necessary just to prevent them from acting recklessly that could cause harm.

Everyone has the right to be rich, but not everyone has wealth. So when we have gratitude, everything seems to always be fulfilled even though the actual conditions are contrary to what they want.

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December 12, 2021, 05:42:20 PM
 #75

We are slow earners with expenses are worth more than what we earn and let's add the inflation rate this is the most type of cases that every normal people experience. Earning a high amount sometimes doesn't enough if we don't have a financial literacy of how we spend our hard earned money and how do we start a side hustle so that we have another source of income. Financial stability and financial freedom will come next if we were going to make ourselves more knowledgeable on how to manage financial aspects. Aside from financial literacy we should also focus to educate ourselves about what possible skills that we can acquire so that we can offer it to other people and we can have our another source of income or side hustle.
You do not have to be a slow earner, you just need to be living in a place that is not expensive and working in a place that is expensive, that is how you make money. I am not earning enough to consider myself "rich" by any means, in fact I am closer to poor than rich, if I lose my job then I can sustain just 2-3 months and then I will not have any money at all, back to zero for me, if I start to use my crypto investment then I will sustain maybe 6 months but that's it, then back to zero again.

So, I am close to "poor" in that sense, but as long as I keep making my salary, then I am doing decent enough for me, I am living like a regular person, work all day, handle all the chaos life throws at me, maybe watch few netflix shows a month, maybe go out to eat somewhere 2-3 times a month and that's it, it is literally all my life and I can afford to do it, no problem at all. Sometimes some unexpected stuff shows up, usually related hospital bills, that's when it gets tricky but that's fine, it is just life you know? What I do? I work for USD whereas my fiat is a lot less valuable, so I earn more than my peers.
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December 12, 2021, 07:49:57 PM
 #76

Yeah I agree, we are slow earners, but our expenses are usually way too more than what we are earning. Even when we start earning a high amount of money, some of us still tends to spend way too much and carelessly. Which is why we need to learn how to manage our resources. I even reached a stage where I had to start putting about fifty percent of my monthly income into a locked savings account, because I noticed that I was fond of spending money on unnecessary things, when I had other very important plans that I had to achieve. So, I had to do what was best for me and started managing myself to be able to achieve my major targets in life.

We are slow earners with expenses are worth more than what we earn and let's add the inflation rate this is the most type of cases that every normal people experience. Earning a high amount sometimes doesn't enough if we don't have a financial literacy of how we spend our hard earned money and how do we start a side hustle so that we have another source of income. Financial stability and financial freedom will come next if we were going to make ourselves more knowledgeable on how to manage financial aspects. Aside from financial literacy we should also focus to educate ourselves about what possible skills that we can acquire so that we can offer it to other people and we can have our another source of income or side hustle.
Earning more money is most of the time given as the solution to the financial problems that people have, however earning more is in fact difficult, I think that at first people need to concentrate on how to more effectively use the income they already have, and once they do this then they can look for other sources of income, if a person can do that then they can avoid a very common trap when they actually succeed on earning more money, which is lifestyle inflation.

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