Do your work.

[Dickiy]

I am currently working but I already made some plans and I am just accumulating funds to start my own business.
I don't want to be an employee for the rest of my life I want to grow my own business.
I want to have more time for my family.

as well as me, who does not want to work as an employee continuously. for now what I'm learning is trading, from here I hope to trade for a living, after that of course I will try, make a real business from the trading results that I get, because if we only rely on one source of income then there is no support if we experience a disaster in life. the business we are in. on the other hand I have to think about investing to guarantee old age

almost everyone has a plan like that, but you have to see why many people fail in running their business. OK maybe you can achieve business success, but can you sustain it? I always see a lot of big companies or global businesses go bankrupt, like Nokia, Blackberry, and cable TV companies, those are examples of the brands of their time, so where are they now? just an analogy, let alone a small business that you may be running or still planning, global companies can experience destruction, what about your business or work later.
I'm not trying to scare you but I'm just reminding you like the saying "getting is easy but not everyone can survive" what I mean is, don't be too sure about what you plan or what you are doing now, maybe someday it will be a lot competitors in the world of work or business and you are disrupted, today's world is developing very rapidly, maybe you must have the ability to keep adapting to new business models and new technological advances in the future to maintain your business and work.

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[naira]

The title "Do your work" refers to growing your own business. We all have some skills in different sectors and we use all of our energy to work for a company and get a monthly salary. But we are not supposed to work for that company till death. so how will we bear our living expenses after retirement? Most people do not think about that.

cut~

Invest your saving in precious metals like gold and silver or digital assets like bitcoin, or it can in some potential stock or it can be in real estate. Invest your money where ever you want. Just do not keep it in a bank. The Bank interest rate is not higher than the inflation. You are losing money not gaining it. The point is to invest even if your saving is negligible.

And what's more, most people are not lucky enough to find steady work, either in factories or as company employees. also do not have a monthly salary to save as a pension fund. That is the reality where the unemployment rate is higher than those who normally find work.

Not everyone can invest either in precious metals or the like. They don't even think about investing because they are more concerned with how to survive in the midst of a skyrocketing economy and increasingly unaffordable prices for goods. Talking about the reality that actually happens is the way we describe real environmental conditions, not an illustration.

[cozytrade]

And what's more, most people are not lucky enough to find steady work, either in factories or as company employees. also do not have a monthly salary to save as a pension fund. That is the reality where the unemployment rate is higher than those who normally find work.

Not everyone can invest either in precious metals or the like. They don't even think about investing because they are more concerned with how to survive in the midst of a skyrocketing economy and increasingly unaffordable prices for goods. Talking about the reality that actually happens is the way we describe real environmental conditions, not an illustration.

In those, developing countries where people have minimum wages can not think about making their own businesses. These people face low nutrition problems because of not consuming enough healthy foods for their bodies. Developing a business seems daydream for those people. The unemployment rate in these countries is so high that a lot of youth attend illegal activities to earn money.

[naira]

In those, developing countries where people have minimum wages can not think about making their own businesses. These people face low nutrition problems because of not consuming enough healthy foods for their bodies. Developing a business seems daydream for those people. The unemployment rate in these countries is so high that a lot of youth attend illegal activities to earn money.

Therefore, nothing is truly ideal in generating finances at a time like this other than forcing oneself with work that is indeed forced to be done to support needs. An alarming phenomenon, but if not then rely on government funds which often do not reach the right hands and instead get more discounts than the amount that should be received. In this case, the community no longer cares what is illegal and legal, as long as they can fulfill their needs, they will do it.

[Davidvictorson]

I agree with the OP. Having some sort of investment is a good security for both the present and the future. Sometimes, one may be able to invest in a business alone, at this point he or she can go into partnership with 2 or 3 friends. I have seen it work. Aside investing in precious metals, bitcoin, another sector of the economy that yields good profit is investing in agriculture. You can always start small.

[Sebas.tian]

Of course, most people work, those who do not work are those who already have passive income income, now is the power of money, who has capital, it is easier to develop, while there are still many people who are very lacking and even though they work but the results can only be eaten for daily .

Yes,  those who have passive incomes are those that save for a time like this to come before they can invest on digital currency to have full confident of making a huge amount of money in the future.  Working to earn salary from the company and also be part of crypto investment is a good idea that will make you to increase higher in profits making in the community. I think, the price of Bitcoin is too low for those that worked some months ago to save for opportunity like this bearish market to come before they can buy Bitcoin and hold until the bullish market come before they can sell to make a good income.

[Kadal Ijo]

I agree with the OP. Having some sort of investment is a good security for both the present and the future. Sometimes, one may be able to invest in a business alone, at this point he or she can go into partnership with 2 or 3 friends. I have seen it work. Aside investing in precious metals, bitcoin, another sector of the economy that yields good profit is investing in agriculture. You can always start small.

If we always rely on active income then we will be difficult to survive, we must be smart by putting a lot of money for investment so that when we don't work then we can still get income for life, and cryptocurrencies are a good choice for investment.

[ilovealtcoins]

I agree with the OP. Having some sort of investment is a good security for both the present and the future. Sometimes, one may be able to invest in a business alone, at this point he or she can go into partnership with 2 or 3 friends. I have seen it work. Aside investing in precious metals, bitcoin, another sector of the economy that yields good profit is investing in agriculture. You can always start small.

If we always rely on active income then we will be difficult to survive, we must be smart by putting a lot of money for investment so that when we don't work then we can still get income for life, and cryptocurrencies are a good choice for investment.

With today's life, diversifying income sources is something that everyone should do. And with investing, you also need to diversify to ensure risk reduction as well as safety. In addition to bitcoin, investing in gold, stocks and more money than real estate is always the wisest choice.

[m2017]

We all have different occupations and work for different companies. We work hard and keep improving ourselves to show our company owner how good we are at our work and how efficient we can be in growing the company. But all we are doing is helping grow someone else's companies. All our talent and struggle is to help someone else earn more money. What are we doing for ourselves? At some point in our life, we must grow our own businesses for our own safety.

The title "Do your work" refers to growing your own business. We all have some skills in different sectors and we use all of our energy to work for a company and get a monthly salary. But we are not supposed to work for that company till death. so how will we bear our living expenses after retirement? Most people do not think about that.

You can say yes they do. They do monthly savings for their retirement plan.

But this is not savings or investment. Your fiat currencies lose value every year. So Your 30 years of saving will be the same in numbers but not in values.

So what can we do then? We have so little to grow a business.

Invest your saving in precious metals like gold and silver or digital assets like bitcoin, or it can in some potential stock or it can be in real estate. Invest your money where ever you want. Just do not keep it in a bank. The Bank interest rate is not higher than the inflation. You are losing money not gaining it. The point is to invest even if your saving is negligible.

So what is the message of the topic you created? Need to invest your money? In fact, most people here already know this well, even though this is not a specialized forum on finance and investment. I think most bitcointalk users will vote in favor of bitcoin than in favor of gold, securities or real estate. It is not yet known whether bitcoin will allow replacing pension savings (in most countries it is impossible to refuse pension contributions), because the asset is young and users own it for a relatively short time. But judging by the dynamics of growth, then the potential of bitcoin is certainly resounding and is able to bypass the profitability of any other assets, if, of course, this trend continues without strong changes.

[serjent05]

I agree with the OP. Having some sort of investment is a good security for both the present and the future. Sometimes, one may be able to invest in a business alone, at this point he or she can go into partnership with 2 or 3 friends. I have seen it work.

And I have seen it ruin trust among friends and relatives.  Even cases of murder and fraud.  Things are easy to say than done.  There are lots of good ideas but without a proper process or knowledge, they all go wasted or result in a bad event.

 

Aside investing in precious metals, bitcoin, another sector of the economy that yields good profit is investing in agriculture. You can always start small.

I highly agree, instead of aiming for a partnership try to do solo ownership, it doesn't have to be grand.  From there whether the business rise or falls no one will blame you.  And no one will accuse you.

[Genemind]

Most of us when we were young were taught to study well so we can find a good job opportunity when we grow up, which I think is really old-fashioned and not a good mindset that has to be changed over time. Unlike Chinese people, they teach their children to study hard so they can start a good business when they grow up. They teach their kids to be a businessman and not to become a slave who works 40 hours or more in a week for a wage. I agree that at some point you have to build your business and be your own boss, working shifts will not make you reach. I myself don't plan to work 8 hours a day till my retirement day, it's best to have passive income and retire than be exhausted working till you grow old.

[Swordsoffreedom]

Most of us when we were young were taught to study well so we can find a good job opportunity when we grow up, which I think is really old-fashioned and not a good mindset that has to be changed over time.

What's wrong with that and what's old-fashioned? You need to remember that education is the only way to success today, without education you will not do anything.
Nowadays, it is possible to study without having to go to school, it is not necessary to study at prestigious schools, you can study anywhere.

Unlike Chinese people, they teach their children to study hard so they can start a good business when they grow up. They teach their kids to be a businessman and not to become a slave who works 40 hours or more in a week for a wage. I agree that at some point you have to build your business and be your own boss, working shifts will not make you reach.

If everyone became an entrepreneur and everyone had a business, then who will be employed by your business? Everyone wants to be the boss of the business, owning themselves, but not everyone has the ability to be the boss. Currently, China is still the country with the most abundant labor in the world and not as many entrepreneurs as you say.

I myself don't plan to work 8 hours a day till my retirement day, it's best to have passive income and retire than be exhausted working till you grow old.

Passive income and not having to do any work, I believe that is everyone's dream. But if life is that easy, I don't think you need to go to work every day or go to forum looking for signature campaigns.
Labor is glorious, to have a full life requires first education and then months of hard work.

[Semar Mesem]

It's time we have to think smart, work or active income is only sufficient for short term needs, if we have a sudden need or don't work anymore then we will go bankrupt, use the money for investment, can start with a small value, don't be tempted to shop or buy things unimportant things such as gadgets, vehicles and so on.

[so98nn]

Though values will remain same but we do get hikes in the salaries every year which means we are fighting the inflation with that volume.

But I agree that, it’s not worth it. The earnings and time ratio in corporate world is at its worst and can not make us live high standard lives.

There will always be difference between business man and corporate employee. What one employee earns every year can be achieved by businessman in single work order!!

[justdimin]

keep in mind we have different  circumstances or situations in our lives. Some people in my country have already a family at an early age which deprives them from making selfish and risky decisions. Reponsibility slows down an individual from unleashing his/her potential but that responsibility as well pushes him/her to continue whenever one is exhausted so it is not actually a real thing. I'm not saying that once you have a family, that's the end already. No. You will just be limited in resources in some instances, so if you really want to do something, you'd really invest more time to get it without disregarding your responsibilities.

And for those who has privilege and those who are still young, be mindful. Be mindful of your potential and maximize it as long as you have the time still, 'coz as you grow older opportunities would be smaller and harder to reach.

That is exactly my life. I am married and that means I can2t just quit my job and take a risk. Technically speaking I could, and I did, because I already had a good side-income from another freelance job and eventually the income from that grew enough to quit my job. But that shows that I waited until my side income became bigger than my salary, and didn't quite beforehand.

So, if you have responsibilities to other people, you wouldn't want to risk it, because risking it means you will be providing them with something terrible economically if you fail and anyone who is married wouldn't want their spouse to have a horrible life just because of their own ambitions.

[xSkylarx]

It's time we have to think smart, work or active income is only sufficient for short term needs, if we have a sudden need or don't work anymore then we will go bankrupt, use the money for investment, can start with a small value, don't be tempted to shop or buy things unimportant things such as gadgets, vehicles and so on.

Putting up a business is really difficult if you don't have capital. I got your point that, when it comes to business, you can earn more than a salary, but now the problem is, how can we earn a capital when your salary is just enough for you and your family to make a living? I want to start a business, a motor shop, but I am scared to take risks and I don't have the capital to get started.

[Fortify]

We all have different occupations and work for different companies. We work hard and keep improving ourselves to show our company owner how good we are at our work and how efficient we can be in growing the company. But all we are doing is helping grow someone else's companies. All our talent and struggle is to help someone else earn more money. What are we doing for ourselves? At some point in our life, we must grow our own businesses for our own safety.

The title "Do your work" refers to growing your own business. We all have some skills in different sectors and we use all of our energy to work for a company and get a monthly salary. But we are not supposed to work for that company till death. so how will we bear our living expenses after retirement? Most people do not think about that.

You can say yes they do. They do monthly savings for their retirement plan.

But this is not savings or investment. Your fiat currencies lose value every year. So Your 30 years of saving will be the same in numbers but not in values.

So what can we do then? We have so little to grow a business.

Invest your saving in precious metals like gold and silver or digital assets like bitcoin, or it can in some potential stock or it can be in real estate. Invest your money where ever you want. Just do not keep it in a bank. The Bank interest rate is not higher than the inflation. You are losing money not gaining it. The point is to invest even if your saving is negligible.

You speak about doing monthly savings for a retirement plan, however you fail to grasp that most people put their money into pensions which are by extension investing in the stock market. You also seem to advocate putting money into "some potential stock" like many people who are unfamiliar with investing in stocks, where you are much better off buying into index funds which are the lowest risk and medium return sort of location, instead of gambling your money into high risk and bubble type companies. Gold and silver is also not a productive asset, as it does not return money to you every year like you might get out of a company in the form of dividends or reinvestment.

[albon]

Invest your saving in precious metals like gold and silver or digital assets like bitcoin, or it can in some potential stock or it can be in real estate. Invest your money where ever you want. Just do not keep it in a bank. The Bank interest rate is not higher than the inflation. You are losing money not gaining it. The point is to invest even if your saving is negligible.

It is good advice, thank you. Investing in gold and silver is a good investment, but it is not as profitable as Bitcoin, but it is okay to put part of our money in both investments. Bank benefits are not feasible, so putting our money in banks is like freezing and saving money only, but if we do something like a project or business with this money without putting it and crediting it in a bank will be a good idea as you will be the manager of your project and your business and you will have the full percentage of profit without anyone sharing the money with you, Through the surplus money you need from these businesses, you can invest in cryptocurrencies and trade, where with time you can double your capital.

[xSkylarx]

Invest your saving in precious metals like gold and silver or digital assets like bitcoin, or it can in some potential stock or it can be in real estate. Invest your money where ever you want. Just do not keep it in a bank. The Bank interest rate is not higher than the inflation. You are losing money not gaining it. The point is to invest even if your saving is negligible.

It is good advice, thank you. Investing in gold and silver is a good investment, but it is not as profitable as Bitcoin, but it is okay to put part of our money in both investments. Bank benefits are not feasible, so putting our money in banks is like freezing and saving money only, but if we do something like a project or business with this money without putting it and crediting it in a bank will be a good idea as you will be the manager of your project and your business and you will have the full percentage of profit without anyone sharing the money with you, Through the surplus money you need from these businesses, you can invest in cryptocurrencies and trade, where with time you can double your capital.

Gold, silver, and bitcoin have advantages and disadvantages. Bitcoin is riskier than those two as the price is very volatile. Gold and silver prices continue to rise yearly, but at a slower rate than bitcoin, which bitcoin takes only a few days to reach its ATH. The downside of bitcoin is that you can lose a lot of money if you are not cautious. It is simply a matter of deciding which risk to take, as both can result in a profit. If we do have enough funds, why not store gold and also buy bitcoin since they are both profitable

[sulendra12]

Invest your saving in precious metals like gold and silver or digital assets like bitcoin, or it can in some potential stock or it can be in real estate. Invest your money where ever you want. Just do not keep it in a bank. The Bank interest rate is not higher than the inflation. You are losing money not gaining it. The point is to invest even if your saving is negligible.

Recession in 2023 is what makes the investment you have are really important and could stabilize your wealth into different kind of assets such as gold, bitcoin and stocks. People have been recommending to put your assets into different commodities from youtube videos, also educate people that recession could be a nightmare for some of us. It's not too late, we have to make the investment and stop putting your money into banks.